Instead, the report argued that increasing the ceiling on foreign portfolio investors in govt securities is a better option considering the huge risks in raising debt in a foreign currency
It said there are positives from a stronger currency, like it being positive for inflation
We expect gross-value added growth to quicken to 7.6% year-on-year this year from 7.2% in FY15/16, reports DBS research
DBS plans to buy Australia and New Zealand Banking Group's wealth and retail businesses in five Asian markets. The businesses in Singapore, Hong Kong, China, Taiwan and Indonesia, will be sold for around $80 million.
According to DBS, there is a likelihood that the wholesale price index might outpace retail inflation over the next few months
United Overseas Bank and Oversea-Chinese Banking Corp have also flagged concerns about loans to the oil and gas services sector
It expects to recover about half of its $517 million
The bank had seen a surge in bad loans in its corporate loan book in India about 24 months ago