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Singapore inflation climbs to a near 1-year high as October price growth sharply exceeds estimates
CNBC· 2025-11-24 08:05
Inflation Overview - Singapore's inflation rate rose for the second consecutive month, reaching a year-on-year increase of 1.2% in October, the highest since August 2024, surpassing the 0.9% average estimated by economists [1][2] - Core inflation also increased to 1.2%, up from 0.4%, exceeding the 0.7% expected in the Reuters poll [2][3] Economic Growth - Singapore's economy grew by 4.2% in the third quarter year-on-year, outperforming estimates and extending the previous quarter's growth of 4.7% [5] - The Ministry of Trade and Industry upgraded the economic growth forecast for Singapore to 4% from a previous range of 1.5%-2.5% [4] Trade and Exports - Singapore's trade-to-GDP ratio is over 320% in 2024, indicating a heavy reliance on trade [6] - In the third quarter, non-oil domestic exports (NODX) fell by 3.3% year-on-year, primarily due to weaker pharmaceutical and petrochemical exports [6] - However, in October, NODX surged by 22.2% year-on-year, driven by exports of non-monetary gold and electronic products [7] Future Inflation Projections - The Monetary Authority of Singapore forecasts inflation to be around 0.5% to 1% for 2025 [7] - Core and headline inflation are expected to exceed 1% in 2026, influenced by factors such as increased public transport fares and a higher carbon tax [8]
Moomoo Ensures Shares for 100% of Its Subscribers in Bullish IPO Allocation; Enhances Investor Experience with AI-Powered Tools
Globenewswire· 2025-08-14 12:00
Core Insights - Moomoo successfully facilitated the IPO of Bullish, with all subscribers on its platform securing shares [1] - The platform enhances IPO investing accessibility and offers comprehensive research support through Moomoo AI, a newly launched AI assistant [3][4] - Moomoo AI processes complex data to provide actionable insights, aiding investors in making informed decisions about newly public companies [4] - A dedicated community section for discussing the Bullish IPO has been established, promoting peer-to-peer communication among investors [5] - The CEO of Moomoo US emphasized the company's commitment to democratizing investment opportunities and empowering investors with tools and insights [6] Company Overview - Moomoo is a global investment and trading platform that provides user-friendly tools, data, and insights to empower investors [8] - The platform has expanded its presence to multiple markets, including Singapore, Australia, Japan, Canada, Malaysia, and New Zealand, serving over 26 million investors worldwide [9]
Moomoo And New York Mets Unveil Display at Citi Field: A Bold New Presence at The Ballpark
Globenewswire· 2025-07-21 13:00
Core Insights - Moomoo has launched a new 36-foot high, double-sided display at Citi Field, enhancing brand visibility among millions of baseball fans [1][2] - The collaboration with the New York Mets includes opportunities for fans to experience premium seating and entertainment in the moomoo Suite [2] - Moomoo has experienced a significant increase in app downloads and brand visibility since the start of the baseball season, catering to over 26 million investors [3] Company Initiatives - Moomoo's partnership with the Mets features a commercial starring pitcher Edwin Diaz, highlighting the parallels between stock trading and baseball [4] - The company is actively engaging with New York communities to promote investor education and brand awareness [5] - Moomoo has introduced a special fund that adds $10,000 for every Mets win, with a potential grand prize of $1 million for investors if the team achieves 100 regular season victories [5] Brand Engagement - Moomoo is organizing giveaways, including 500 free game tickets on "moomoo Mondays" for users, and exclusive merchandise [5] - The prominent signage at Citi Field is expected to enhance brand visibility and engagement with fans [6][5] Company Background - Moomoo is a global investment and trading platform that provides user-friendly tools and insights for informed investment decisions [8] - The company operates in multiple countries, including the US, Singapore, Australia, Japan, Canada, and Malaysia, and is a subsidiary of Nasdaq-listed Futu Holdings [9]
Moomoo and the NY Mets Announce Strategic Partnership to Elevate Fans Experience to the Next Level
Newsfilter· 2025-04-03 20:00
Core Insights - Moomoo has entered a multiyear multimillion-dollar sponsorship partnership with the New York Mets to enhance the sports experience for fans and communities [1][2] - The partnership includes promotional initiatives such as a special fund that adds $10,000 for every Mets win, with a potential grand prize of $1 million for a moomoo investor if the team achieves 100 victories [2] - Moomoo aims to leverage its global user base of 25 million to connect baseball fans with the Mets, enhancing engagement through events and promotions [4][5] Company Overview - Moomoo is a global investment and trading platform that empowers investors with user-friendly tools and insights, designed to facilitate informed investment decisions [7] - The platform operates in multiple countries including the US, Singapore, Australia, Japan, Canada, and Malaysia, and is a subsidiary of Nasdaq-listed Futu Holdings [8] - Moomoo has received numerous accolades for its innovative approach to investing, recognized by industry leaders such as Benzinga and Fintech Breakthrough [8]