CNBC.com, 27 Jul 2011Wei Zheng Kit, an analyst at Citi, notes that while Singapore remains competitive on many measures, the appreciation of the Singapore dollar could erode its advantage in the near term.
"While SGD appreciation can eventually curb domestic inflation, it may exacerbate the loss of cost competitiveness in the short run, because of the lag needed for a stronger exchange rate to bring down inflation," Wei said, in a report. Full story
