Published at 02:59 (GMT) 28 Apr
CNA: Prime Minister Lee Hsien Loong says the situation in the South China Sea has become more serious in the past year, and if not managed, will lead to tension on the ground and at sea. For the ASEAN Community to work and the regional economy to continue developing, the region needs to have a conducive environment for growth. Prime Minister Lee Hsien Loong made this point at the close of the 26th ASEAN Summit in Langkawi, Malaysia on Monday (27 Apr). He highlighted two key issues which he said leaders must keep a watchful eye on - the territorial dispute in the South China Sea and the threat of terrorism.
On FX, USD/SGD dipped below 1.3300 handle to 1.3248, the lowest since 19 Jan, in the overnight session on weaker-than-expected US PMI figures and optimism over Greece. The pair traded within 1.3269-94 this morning. Focus is still on the downside with eyes on strong support at 1.3221 before bears look to 1.3200 handle. SGD NEER was last seen trading at 0.88% above the midpoint. STI declined 0.5% at last check. IF
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