Monday Wrap: Bank wealth inflows, STI risks, and AI job gaps
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Singapore's banks are shifting focus to wealth management due to weakening lending margins, with safe-haven inflows amid rising market uncertainty. Analysts warn the Straits Times Index (STI) could drop to 4,300 in a worst-case US-Iran conflict scenario, while maintaining a year-end target of 5,250 if tensions ease. Additionally, 46% of firms have not adapted jobs for AI, limiting technology investment gains. New US pharmaceutical tariffs may deter biomedical investments in Singapore, pushing firms to relocate production for tariff benefits.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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