
SiegFund Transforms into SiegPath: A Strategic Rebrand Paving the Way for the Future of Professional Trading
HONG KONG SAR - Media OutReach Newswire - 24 June 2025 - SiegFund, a fintech–driven proprietary trading platform, has officially completed its brand upgrade and will now operate as SiegPath, serving proprietary traders worldwide and ushering in a new chapter in global expansion. To further strengthen its rebranding, SiegPath has simultaneously launched its brand-new official website, built with a user-centric approach and equipped with a range of smart technologies to support the development of a distinctive and professional proprietary trading ecosystem.
The new slogan, 'We Pave the Path to Professional Trading,' reflects SiegPath's commitment to nurturing talent in the trading industry. While prioritizing regulatory compliance, the company is dedicated to providing professional support and offering clear career pathways toward fund manager-level roles, empowering every trader to build their own path to success.
Strategic Alliance with Licensed Private Equity Funds and DMA Brokers
To fulfill its vision, SiegPath has formed a strategic alliance with a licensed Cayman Islands private equity fund and DMA brokers, setting a new standard in proprietary trading. This model delivers a regulated environment and supports long-term trader growth through integrated resources, risk controls, and secure, efficient technology.
At the same time, grounded in a rigorous compliance framework, SiegPath leads the way in integrating cutting-edge intelligent technologies to create a professional trading environment that combines both security and high efficiency.
SiegAI™: Transforming Trading with Intelligent Solutions for Retail Clients, Institutions, and Brokerages
SiegPath representative stated, 'A cornerstone of SiegPath's transformation is the launch of SiegAI™, an advanced AI suit that redefines investment advisory, trading, customer support, and institutional research. It enhances service precision for retail clients, improves research efficiency and alpha generation for institutions, while cutting costs driving AUM growth for brokerages.'
SiegAI™ has been adopted by leading financial institutions and nominated for prestigious awards, including this year's 'Best AI Market Analysis System,' reaffirming SiegPath's leadership in financial innovation.
Key features of SiegAI™ include:
AI-Advisor: An intelligent investment advisory system that enables clients to input investment preferences and goals, generating personalised strategies with 24/7 availability and reduced investment thresholds.
AI-Trader: A real-time trading and risk control platform that utilises predictive models to analyse historical data, market sentiment, and order flows. It offers real-time portfolio monitoring, stop-loss automation, and margin call alerts to optimise strategies and ensure compliance.
AI-Support: An intelligent customer service solution powered by NLP, delivering instant query resolutions, emotion analysis, and voiceprint fraud detection. It significantly enhances brokerage support efficiency, boosting productivity by 50%.
AI-Research: A tool for institutional clients, enabling in-depth report generation through AI and aggregated data, freeing analysts to focus on strategic initiatives while ensuring compliance through differential privacy protocols.
AI-Community: A regulated social investment network designed to foster user engagement by clustering communities, filtering misinformation, and ensuring compliance in discussions.
A Path to the Fund Manager Community
SiegPath equips traders with flexible plans, professional tools, expert training, and AI mentorship, supporting their journet to professional trading. SiegCertified™ Traders earn prestigious fund manager status, joining an exclusive community that offers access to top-tier managers, industry events, and expert guidance—unlocking unparalleled opportunities for collaboration and career advancement.
A Global Vision for Expansion
SiegPath's rebranding marks the first step in global expansion strategy, leveraging fintech innovation to strengthen its presence in key markets. By integrating advanced technologies and financial solutions, SiegPath empowers traders and brokers worldwide.

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The Sun
an hour ago
- The Sun
vKGI: 2025 Mid-Year Market Outlook
HONG KONG SAR - Media OutReach Newswire - 24 June 2025 - Today, KGI has released its 2025 Mid-Year Market Outlook. Looking back over the first half of the year, Trump officially took office as President of the United States and started a trade war. At one point, he even threatened to levy tariffs on China of more than 100%, triggering massive market fluctuations. Since then, many countries have entered negotiations with the U.S., and positive signals have emerged. How will the ongoing tariff war affect global economic development? How will the economic uncertainty created by Trump's policies influence interest rate trends? How will China respond to the increasingly tense trade relationship? And how will China achieve economic growth targets amid external economic instability? Under this backdrop, for the second half of the year, we maintain the 'ACE' strategy: 1. Alternatives: Gold and other alternative assets are expected to be inflation-resistant and have lower correlation with traditional stocks and bonds. 2. Credit Selection: Maintain a preference for high-grade bonds, as the market still presents opportunities to lock in yields. 3. Elite Stocks: Diversify investment in quality stocks, balancing the allocation between cyclical and defensive stocks. Cusson Leung, Chief Investment Officer at KGI, says: 'In terms of asset allocation, considering the economic and political developments in the second half of the year, investors can continue to follow the ACE strategy: A is Alternatives. The fiscal conditions of multiple governments have sparked controversy, coupled with central banks diversifying asset allocations and geopolitical instability, which will be favorable to gold prices. C is Credit Selection. We expect downside risks to the economy, thus maintaining a preference for quality bonds. Corporate bonds will provide opportunities to lock in yields. E is Elite Stock. Tariff expectations are anticipated to impact corporate earnings; cyclical stocks and defensive stocks can be balanced in the allocation. Outside the United States, focus on countries with minimal tariff impact or those that have already reached agreements.' Macro & U.S. Markets In 2H2025, the global economy will enter a slowdown mode, particularly in emerging markets, with the slowdown being most pronounced in the United States among mature markets. In the first half of the year, U.S. companies stockpiled goods in anticipation of tariff wars, resulting in decent economic performance. However, this situation will not continue into the second half, with GDP growth rates potentially falling below 1%, averaging around 1.35% for the year. The slowdown in the Eurozone and the UK will be less pronounced than in the U.S., but the negative impacts of the trade war cannot be underestimated. The economic outlook for Japan and China is also bleak. In the first half of the year, the U.S. economy shone due to strong demand, but this demand is expected to wane in the second half, leading to weaker economic data. The uncertainty of Trump's policies affects consumer confidence and corporate orders, with labor market data showing a downward trend, further impacting wages and consumption. The Fed may cut interest rates by 25 basis points in the fourth quarter of 2025 and continue to lower rates by 50 to 75 basis points in 2026. As for U.S. stocks, the likelihood of entering a bear market this year is low, but a decline is possible in the third quarter, with annual profit estimates dropping from 14.1% to below 9%. Investors are advised to focus on defensive and high-quality stocks to weather the economic downturn. In terms of bond investments, the weakening U.S. economy is expected to drive bond yields lower, with Treasury yields projected to fall to 4.0%-4.3% from the latter half of the third quarter to the fourth quarter. It is recommended to invest in higher-quality investment-grade corporate bonds and consider transitioning to non-investment-grade corporate bonds when the economy hits bottom. James Chu, Chairman at KGI Securities Investment Advisory, says: 'The easing of the trade war has reduced the risk of a U.S. economic recession, but its uncertainty has already affected economic confidence and will put pressure on hard data in the future. The recent rise in the stock market has brought valuations back to high levels. Investors need to be aware of the expiration of the tariff suspension and the subsequent economic and corporate earnings revisions that could bring volatility.' Mainland China and Hong Kong Markets Since early 2025, China's economy has shown marginal improvement amid multiple internal and external factors. In the trade sector, after reaching a 90-day short-term tariff exemption agreement with the United States, market expectations for the full-year GDP growth rate have risen from the initially announced 'Liberation Day' figure of 4.2% to 4.5% following the preliminary agreement; on the other hand, although exports to the U.S. continue to shrink, exports to ASEAN and India have increased significantly, with exporters actively expanding multilateral markets to mitigate external shocks, and the proportion of China's exports to the U.S. continues to decline. Against this backdrop of external challenges, the Chinese government's four economic priorities include: (1) maintaining liquidity in the banking system, (2) boosting consumer confidence, (3) supporting innovation and technology to drive high value-added production strategies, and (4) expanding trade alliances beyond the U.S. China-U.S. relations will continue to play out in a 'periodic tension and relaxation' new normal. Facing U.S. escalating high-tech export controls, China is accelerating the strengthening of domestic supply chains, diversified trade strategies, and independent R&D to promote core technology autonomy and control. The continued growth of gold reserves highlights the value of this safe-haven asset in uncertain environments. Regarding the Hong Kong stock market, the Hang Seng Index has performed strongly since the beginning of the year, reflecting sustained overseas capital allocation to Chinese assets and rising risk appetite. Overall, in the second half of 2025, China's economy will continue to recover driven by policy support, domestic demand rebound, and manufacturing transformation and upgrading. However, attention should remain on uncertainties such as China-U.S. friction, geopolitical issues, and international demand fluctuations. Hang Seng Index target price in the second half of 2025 is 25,500 points We previously set a target of 23,200 points for the first half of 2025, when the biggest downside risk was Trump's tariff policies. Considering the above factors, we believe the Hong Kong stock market will reflect more positive factors in the second half, which is also reflected in the market's upward revision of earnings per share estimates for the Hang Seng Index. We raise this year's Hang Seng Index target price to 25,500 points, corresponding to an estimated price-earnings ratio of about 11 times, with potential growth of 6.3% in the second half (as of June 17, 2025), and a total annual increase of 27.5%. In terms of sectors, we are optimistic on industry, Internet, raw materials, telecommunications, healthcare and utilities, including 13 selected stocks. Cusson Leung, Chief Investment Officer at KGI, says: 'Overall, in the second half of 2025, China's economy will continue to recover driven by policy support, domestic demand rebound, and manufacturing transformation and upgrading. However, attention should remain on uncertainties such as China-U.S. friction, geopolitical issues, and international demand fluctuations. The Hang Seng Index year end target is at 25,500 points, with a positive outlook on 6 sectors and 13 stock picks.' Taiwan Market Trump's erratic tariff policies have caused significant volatility in the Taiwan stock market during the first half of the year. However, with the recent easing of the trade war and stable short-term AI demand, the Taiwan stock market has seen some recovery. Looking ahead, we believe the negative impact of the trade war will gradually become evident, potentially leading to downward adjustments in the Taiwan stock market before the third quarter. Nonetheless, a moderate correction could help stabilize the market in the fourth quarter. Despite the temporary agreement between the U.S. and China, high tariffs continue to affect economic growth and inflation pressures. Given the close economic ties between Taiwan and the U.S., tariff impacts could lower Taiwan stock market profits. If adverse factors can be absorbed in the third quarter, the market is likely to stabilize in the fourth quarter, with AI demand remaining a crucial support for the Taiwan stock market. James Chu, Chairman at KGI Securities Investment Advisory, says: 'The demand for AI in the short term remains stable, supporting a continued rebound in the stock market. However, the trade war and exchange rate impacts have increased the uncertainty of corporate earnings. Early stockpiling has made the normally slow season in the first half of the year less sluggish for the Taiwanese stock market, but it may lead to a less prosperous peak season in the second half of the year.' Singapore Market In 2H25, Singapore's economy is expected to experience cautious growth due to global trade uncertainties and a challenging external environment. While sectors like wholesale trade, manufacturing, finance, and insurance provide some support, geopolitical tensions and protectionism weigh on sentiment. Inflation remains manageable, but the labor market shows signs of strain. Trade activity, boosted recently by tariff suspensions, is expected to moderate. Looking ahead, growth is influenced by external factors such as U.S. trade policies and China's recovery. The government has revised growth expectations downward, but strengths in electronics and financial services persist. Strategic investments in AI, digitalization, and green technologies aim to future-proof the economy. Risks remain from potential trade conflicts and weakening global demand. Domestic measures to boost innovation and stabilize the property market are anticipated to support growth, though challenges for businesses and households may arise. Overall, Singapore's economy is positioned to remain steady with limited near-term upside. Chen Guangzhi, Head of Research at KGI Singapore, says: 'Amid increasing global macroeconomic uncertainties, Singapore will further underscore its strengths in political and economic stability. Therefore, we remain cautiously upbeat about the outlook in 2H25.' Wechat: KGI 凯基 About KGI KGI*has been a leading financial institution in Asia since 1997. Our scope of business encompasses wealth management, brokerage, fixed income, and asset management. We are committed to offering a comprehensive range of financial products and services to corporate, institutional, and individual clients throughout Asia. Backed by KGI Financial Group, we have a robust footprint in Asia, covering Taiwan, Hong Kong, Singapore, Indonesia, and Thailand^. *KGI refers to KGI Asia Limited and its affiliates. ^an investee enterprise of KGI Securities, not a subsidiary.


The Sun
2 hours ago
- The Sun
Sun Life celebrates 14 wins at Bloomberg Businessweek Financial Institutions Awards 2025
HONG KONG SAR - Media OutReach Newswire - 24 June 2025 - Sun Life once again demonstrated excellence at the Bloomberg Businessweek Financial Institutions Awards 2025, winning 14 awards. Among these, the 'International Insurance Company of the Year – Excellence Award' stands out as one of the most coveted accolades in the industry. This achievement marks a historic new high for Sun Life, highlighting its market leadership in the insurance sector and widespread industry recognition. Sun Life received seven Excellence Awards and seven Outstanding Awards, spanning multiple domains including digital innovation, talent recruitment, training and development, product innovation and development, corporate social responsibility, cross-border insurance services and ESG sustainability. This is a testament to Sun Life's strong business operations, drive for innovation, and high-quality service standards across the company. Recognition for Digital Innovation Achievement Sun Life is committed to a customer-centric approach and continuously innovates through digital transformation, striving to create a seamless one-stop digital customer journey. Receiving the 'Digital Innovation – Excellence Award' and the 'Online Platform – Excellence Award' further affirms Sun Life's strong capability to integrate digital innovation into the core of its business strategy. The digital platform 'SunWallet' was also recognized for breaking geographical boundaries to provide Clients with a comprehensive range of features, including the ability to manage their policies anytime, anywhere. Products and Services Garner Multiple Awards Through its focus on product innovation and customer service, Sun Life has been honored with the 'MPF Provider of the Year (Investment Sector) – Excellence Award,' the 'High Net Worth (Product) – Excellence Award' and the 'Client Service – Outstanding Award.' These awards underscore the company's commitment to fully meeting Clients' protection needs by offering flexible and high-quality MPF solutions alongside superior service standards. Sun Life engages with Clients through a wide variety of distribution channels, continually expanding its team of professional financial advisors and proactively offering training to enhance the Client experience. The company's outstanding performance this year has been widely acknowledged, as reflected by its receipt of the 'Recruitment Program of the Year – Excellence Award', the 'Training and Development Achievement (Agency Force) – Outstanding Award' and the 'Broker Support – Outstanding Award'. Mr. Clement Lam, Chief Executive Officer of Sun Life Hong Kong Limited, said: 'We are deeply honored to receive a record-breaking number of prestigious awards from Bloomberg Businessweek. These accolades are a testament to our relentless dedication and exceptional achievements across multiple fields. This year, we are particularly proud to receive the 'International Insurance Company of the Year – Excellence Award' for the first time, highlighting our team's impressive performance and inspiring us to pursue further innovation and excellence. Additionally, the 'Recruitment Program of the Year – Excellence Award' recognizes the importance of recruiting top talent for driving innovation and business growth. In 2024, our gross new recruits increased by 35%, leading the industry¹.' 'I sincerely thank our team for their collaborative efforts that have led to this remarkable success. Looking ahead, we will continue to enhance our client-oriented products and services, leverage digital technology to offer a more personalized experience, and help Clients achieve lifetime financial security and live healthier lives.' Our awards received include: Excellence Awards for --> International Insurance Company of the Year --> MPF Provider of the Year (Investment Sector) --> Recruitment Program of the Year --> ESG Sustainability of the Year --> High Net Worth (Product) --> Digital Innovation --> Online Platform Outstanding Awards for --> Digital Transformation Strategy --> Corporate Social Responsibility --> Training and Development Achievement (Agency Force) --> Integrated Marketing (Product) --> Broker Support --> Client Service --> Cross-border Insurance Services (Mainland to Hong Kong) The Financial Institutions Awards 2025, organized by Bloomberg Businessweek/Chinese Edition, is among the most renowned annual industry events. Through a rigorous screening process, the awards recognize outstanding performance in the banking, insurance and investment/securities sectors over the past year. The awards aim to enhance industry standards, drive continuous development in the financial sector, and encourage the active nurturing of talent, thereby injecting new momentum into the Hong Kong financial industry. ¹Sun Life achieved the number one position in the insurance industry for new recruit growth percentage from Q4 2024 to Q2 2025. About Sun Life Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion. For more information, please visit Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF. Sun Life Financial Inc. is the holding company of Sun Life Assurance Company of Canada. Sun Life Hong Kong Limited is a wholly-owned subsidiary of Sun Life Assurance Company of Canada.


The Sun
2 hours ago
- The Sun
KGI: 2025 Mid-Year Market Outlook
HONG KONG SAR - Media OutReach Newswire - 24 June 2025 - Today, KGI has released its 2025 Mid-Year Market Outlook. Looking back over the first half of the year, Trump officially took office as President of the United States and started a trade war. At one point, he even threatened to levy tariffs on China of more than 100%, triggering massive market fluctuations. Since then, many countries have entered negotiations with the U.S., and positive signals have emerged. How will the ongoing tariff war affect global economic development? How will the economic uncertainty created by Trump's policies influence interest rate trends? How will China respond to the increasingly tense trade relationship? And how will China achieve economic growth targets amid external economic instability? Under this backdrop, for the second half of the year, we maintain the 'ACE' strategy: 1. Alternatives: Gold and other alternative assets are expected to be inflation-resistant and have lower correlation with traditional stocks and bonds. 2. Credit Selection: Maintain a preference for high-grade bonds, as the market still presents opportunities to lock in yields. 3. Elite Stocks: Diversify investment in quality stocks, balancing the allocation between cyclical and defensive stocks. Cusson Leung, Chief Investment Officer at KGI, says: 'In terms of asset allocation, considering the economic and political developments in the second half of the year, investors can continue to follow the ACE strategy: A is Alternatives. The fiscal conditions of multiple governments have sparked controversy, coupled with central banks diversifying asset allocations and geopolitical instability, which will be favorable to gold prices. C is Credit Selection. We expect downside risks to the economy, thus maintaining a preference for quality bonds. Corporate bonds will provide opportunities to lock in yields. E is Elite Stock. Tariff expectations are anticipated to impact corporate earnings; cyclical stocks and defensive stocks can be balanced in the allocation. Outside the United States, focus on countries with minimal tariff impact or those that have already reached agreements.' Macro & U.S. Markets In 2H2025, the global economy will enter a slowdown mode, particularly in emerging markets, with the slowdown being most pronounced in the United States among mature markets. In the first half of the year, U.S. companies stockpiled goods in anticipation of tariff wars, resulting in decent economic performance. However, this situation will not continue into the second half, with GDP growth rates potentially falling below 1%, averaging around 1.35% for the year. The slowdown in the Eurozone and the UK will be less pronounced than in the U.S., but the negative impacts of the trade war cannot be underestimated. The economic outlook for Japan and China is also bleak. In the first half of the year, the U.S. economy shone due to strong demand, but this demand is expected to wane in the second half, leading to weaker economic data. The uncertainty of Trump's policies affects consumer confidence and corporate orders, with labor market data showing a downward trend, further impacting wages and consumption. The Fed may cut interest rates by 25 basis points in the fourth quarter of 2025 and continue to lower rates by 50 to 75 basis points in 2026. As for U.S. stocks, the likelihood of entering a bear market this year is low, but a decline is possible in the third quarter, with annual profit estimates dropping from 14.1% to below 9%. Investors are advised to focus on defensive and high-quality stocks to weather the economic downturn. In terms of bond investments, the weakening U.S. economy is expected to drive bond yields lower, with Treasury yields projected to fall to 4.0%-4.3% from the latter half of the third quarter to the fourth quarter. It is recommended to invest in higher-quality investment-grade corporate bonds and consider transitioning to non-investment-grade corporate bonds when the economy hits bottom. James Chu, Chairman at KGI Securities Investment Advisory, says: 'The easing of the trade war has reduced the risk of a U.S. economic recession, but its uncertainty has already affected economic confidence and will put pressure on hard data in the future. The recent rise in the stock market has brought valuations back to high levels. Investors need to be aware of the expiration of the tariff suspension and the subsequent economic and corporate earnings revisions that could bring volatility.' Mainland China and Hong Kong Markets Since early 2025, China's economy has shown marginal improvement amid multiple internal and external factors. In the trade sector, after reaching a 90-day short-term tariff exemption agreement with the United States, market expectations for the full-year GDP growth rate have risen from the initially announced 'Liberation Day' figure of 4.2% to 4.5% following the preliminary agreement; on the other hand, although exports to the U.S. continue to shrink, exports to ASEAN and India have increased significantly, with exporters actively expanding multilateral markets to mitigate external shocks, and the proportion of China's exports to the U.S. continues to decline. Against this backdrop of external challenges, the Chinese government's four economic priorities include: (1) maintaining liquidity in the banking system, (2) boosting consumer confidence, (3) supporting innovation and technology to drive high value-added production strategies, and (4) expanding trade alliances beyond the U.S. China-U.S. relations will continue to play out in a 'periodic tension and relaxation' new normal. Facing U.S. escalating high-tech export controls, China is accelerating the strengthening of domestic supply chains, diversified trade strategies, and independent R&D to promote core technology autonomy and control. The continued growth of gold reserves highlights the value of this safe-haven asset in uncertain environments. Regarding the Hong Kong stock market, the Hang Seng Index has performed strongly since the beginning of the year, reflecting sustained overseas capital allocation to Chinese assets and rising risk appetite. Overall, in the second half of 2025, China's economy will continue to recover driven by policy support, domestic demand rebound, and manufacturing transformation and upgrading. However, attention should remain on uncertainties such as China-U.S. friction, geopolitical issues, and international demand fluctuations. Hang Seng Index target price in the second half of 2025 is 25,500 points We previously set a target of 23,200 points for the first half of 2025, when the biggest downside risk was Trump's tariff policies. Considering the above factors, we believe the Hong Kong stock market will reflect more positive factors in the second half, which is also reflected in the market's upward revision of earnings per share estimates for the Hang Seng Index. We raise this year's Hang Seng Index target price to 25,500 points, corresponding to an estimated price-earnings ratio of about 11 times, with potential growth of 6.3% in the second half (as of June 17, 2025), and a total annual increase of 27.5%. In terms of sectors, we are optimistic on industry, Internet, raw materials, telecommunications, healthcare and utilities, including 13 selected stocks. Cusson Leung, Chief Investment Officer at KGI, says: 'Overall, in the second half of 2025, China's economy will continue to recover driven by policy support, domestic demand rebound, and manufacturing transformation and upgrading. However, attention should remain on uncertainties such as China-U.S. friction, geopolitical issues, and international demand fluctuations. The Hang Seng Index year end target is at 25,500 points, with a positive outlook on 6 sectors and 13 stock picks.' Trump's erratic tariff policies have caused significant volatility in the Taiwan stock market during the first half of the year. However, with the recent easing of the trade war and stable short-term AI demand, the Taiwan stock market has seen some recovery. Looking ahead, we believe the negative impact of the trade war will gradually become evident, potentially leading to downward adjustments in the Taiwan stock market before the third quarter. Nonetheless, a moderate correction could help stabilize the market in the fourth quarter. Despite the temporary agreement between the U.S. and China, high tariffs continue to affect economic growth and inflation pressures. Given the close economic ties between Taiwan and the U.S., tariff impacts could lower Taiwan stock market profits. If adverse factors can be absorbed in the third quarter, the market is likely to stabilize in the fourth quarter, with AI demand remaining a crucial support for the Taiwan stock market. James Chu, Chairman at KGI Securities Investment Advisory, says: 'The demand for AI in the short term remains stable, supporting a continued rebound in the stock market. However, the trade war and exchange rate impacts have increased the uncertainty of corporate earnings. Early stockpiling has made the normally slow season in the first half of the year less sluggish for the Taiwanese stock market, but it may lead to a less prosperous peak season in the second half of the year.' Singapore Market In 2H25, Singapore's economy is expected to experience cautious growth due to global trade uncertainties and a challenging external environment. While sectors like wholesale trade, manufacturing, finance, and insurance provide some support, geopolitical tensions and protectionism weigh on sentiment. Inflation remains manageable, but the labor market shows signs of strain. Trade activity, boosted recently by tariff suspensions, is expected to moderate. Looking ahead, growth is influenced by external factors such as U.S. trade policies and China's recovery. The government has revised growth expectations downward, but strengths in electronics and financial services persist. Strategic investments in AI, digitalization, and green technologies aim to future-proof the economy. Risks remain from potential trade conflicts and weakening global demand. Domestic measures to boost innovation and stabilize the property market are anticipated to support growth, though challenges for businesses and households may arise. Overall, Singapore's economy is positioned to remain steady with limited near-term upside. Chen Guangzhi, Head of Research at KGI Singapore, says: 'Amid increasing global macroeconomic uncertainties, Singapore will further underscore its strengths in political and economic stability. Therefore, we remain cautiously upbeat about the outlook in 2H25.' KGI*has been a leading financial institution in Asia since 1997. Our scope of business encompasses wealth management, brokerage, fixed income, and asset management. We are committed to offering a comprehensive range of financial products and services to corporate, institutional, and individual clients throughout Asia. Backed by KGI Financial Group, we have a robust footprint in Asia, covering Taiwan, Hong Kong, Singapore, Indonesia, and Thailand^. *KGI refers to KGI Asia Limited and its affiliates.