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Market View: G7 finance leaders attempt to downplay disputes over Trump’s tariffs; Bitcoin surpasses US$110,000; US tax bill in focus; Singapore’s economic growth forecast kept at 0-2% for 2025; Singtel, CapitaLand Ascott Trust to watch (Money FM)

May 23, 2025

Singapore shares dipped today, tracking losses across the region.

The Straits Times Index was down 0.33% at 3,869.74 points at about 12.45pm Singapore time, with a value turnover of S$633.30M seen in the broader market.

In terms of companies to watch, we have Singtel. The telecommunications giant returned to the black with a net profit of S$2.8 billion for its second half ended March, compared with a net loss of S$1.3 billion for the previous corresponding period.

Elsewhere, from G7 finance leaders trying to downplay disputes over US President Donald Trump’s tariffs, to Bitcoin surpassing US$110,000 for the first time to head towards another record high, more international headlines remain in focus.

Also on deck, how the Singapore Government is keeping the country’s economic growth forecast for 2025 at zero per cent to 2 per cent.

On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the details with Terence Wong, CEO, Azure Capital.