Singapore's long-held status as a financial market safe haven could come under pressure from potential risk of higher rates amid the imminent tapering of U.S. monetary stimulus.
"The world is tumbling headlong into a rising interest rate environment, and dividend yields that are artificially leveled up will not hold up when financing costs rise," Kenneth Ng, an analyst at CIMB, said in a report. "Losers from a potential spike in interest rates do not make for safe hiding holes." Full story
