key summary

- The Monetary Authority of Singapore unexpectedly kept its policy unchanged while raising the core inflation forecast to 1.5%-2.5%.

- Deliveroo is exiting the Singapore market, leading to a duopoly between Grab and foodpanda, potentially increasing delivery fees.

- Singapore’s GDP grew by 4.6% year-on-year in Q1 but fell by 0.3% quarter-on-quarter, raising concerns about future economic conflicts and growth pressures.