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Sheila Chiang

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As seen in: The Straits Times, MSN, MSN Malaysia, MSN Money Canada, MSN Philippines, MSN Singapore, Yahoo Canada, Yahoo News Malaysia, Yahoo Singapore, Aol, CNBC and
I write about Asia's technology sector at CNBC. Deep-diving into things. Based in Singapore.

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Articles

Singapore factory output jumps in August, driven by sustained AI demand

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By Sheila Chiang Verified
| The Straits Times Verified
SINGAPORE – Singapore’s manufacturing output expanded in August, as all clusters except chemicals recorded output growth. Total factory output climbed 15.4% year on year in August, after a revised 6.9% rise in July. However, the expansion missed the 17.1% growth forecast by economists in a Bloomberg poll. Excluding the biomedical manufacturing industry, output increased 17%, data from the Economic Development Board on Sept 28 showed.
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S’pore firms, households have sufficient buffers to weather financial shocks: MAS review

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By Sheila Chiang Verified
| The Straits Times Verified
SINGAPORE – Singapore firms and households are well-placed to weather shocks to their earnings, incomes and financing costs, while financial institutions such as banks have sufficient buffers should they come under stress. This is based on stress tests done by the Monetary Authority of Singapore (MAS) as part of its annual financial stability review that assesses the resilience of Singapore’s financial system, against global risks and domestic vulnerabilities.
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UOB shares rise after Fed hikes rates; yen weakens against Singdollar: Markets this week

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By Sheila Chiang Verified
| The Straits Times Verified
SINGAPORE - The US Federal Reserve’s latest rate hike on Sept 16 offered a potentially more favourable earnings backdrop for Singapore banks by supporting local interest rates and slowing the compression in net interest margins (NIMs), although this did not translate into broad share-price gains over the week. NIMs measure how much a bank makes from lending after accounting for its funding costs.
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