Greg Smith

Annual growth, 6%.

six percent advance estimates were 4.6 so they absolutely smashed it they're really just riding the global ai investment cycle semiconductors uh digital services and the like uh in fact it's actually helped the singapore market overtake indonesia southeast asia's largest stock market uh also there's a bit of a safe haven appeal political stability stronger currency of course in addition to ai and the uh

Singapore marketers valued around $650 billion.

Indonesia, that's gone the other way.

Investors are exiting that a little bit.

That's probably helped.

Also, Singapore Central Bank, we're pointing out they were the first in Asia to tighten policy after the Middle East conflict.

They pushed up inflation risks.

But as you point out, inflation came in at one point.

8% versus 2% expected and core 1.4%.

They have warned of risks to the downside in terms of growth and upside for energy prices.

The strategy moves.

We know that's really important for them.

Lots of LNG and oil flowing through on its way to Singapore, which is one of the largest oil trading and refining hubs.

So we'll have to see whether a deal is reached.

But if you look at some ship tracking data, that was interesting, three LNG tankers were

have recently made it through the Strait of Hormuz.

So let's see what happens.

I like it.

What are the numbers?