Double trouble for Asean exporters as Trump’s tariffs, currency swings bite hard

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WED, MAY 7, 2025 Top Stories Double trouble for Asean exporters as Trump's tariffs, currency swings bite hard [SINGAPORE] South-east Asia's exporters are facing a double whammy: a fresh surge in regional currencies in May and the looming end of US President Donald Trump's 90-day tariff pause in July. UOB not 'overly alarmed' by US tariffs as its trade finance lending is mostly intra-regional: Wee Ee Cheong [SINGAPORE] A strong balance sheet and capital base will help UOB navigate the uncertainties arising from US tariffs, said deputy chairman and chief executive officer Wee Ee Cheong. COE premiums for Category A, B and E rise; Cat A jumps the most, by more than S$3,500 [SINGAPORE] At the Certificate of Entitlement (COE) bidding exercise on Wednesday (May 7), the premiums for mainstream car, larger car and open categories rose by between S$888 and S$3,509 in May's first tender. Singapore-based biotech firm Nuevocor raises US$45 million in Series B round [SINGAPORE] Biotechnology company Nuevocor announced on Wednesday (May 7) that it completed a US$45 million Series B funding round from new and existing investors. Latest Singapore six-month T-bill cut-off yield falls to 2.3% [SINGAPORE] The cut-off yield for Singapore's latest six-month Treasury bill (T-bill) fell to 2.3 per cent, according to auction results released by the Monetary Authority of Singapore on Wednesday (May 7). PODCAST Market Focus Daily: Wednesday, May 7, 2025 Asian stocks rise as China-US trade talks boost optimism; China ramps up monetary stimulus ahead of US trade meeting; Pakistan stocks tumble after India missile attack; Australian dollar hits new five-month high on US-China trade talks. Other Good Reads Asean Business Business insights centering on South-east Asia's fast-growing economies. Breakfast Brief All the latest news you need to know to start your day, right in your inbox. Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. MORE NEWSLETTERS FOLLOW US DOWNLOAD THE BT APPS ABOUT US CONTACT US HELP TERMS & CONDITIONS DATA PROTECTION POLICY ADVERTISE WITH US You are receiving this e-mail because you subscribed to the BT Breakfast Brief. We're keeping you updated with our Daily Debrief, which helps you catch up with breaking news you may have missed. If you no longer wish to receive the Daily Debrief, please click the link below to unsubscribe. If you want to unsubscribe from this mailing list,click here.