Economic Calendar

12 May 2025 – 16 May 2025

The Week Ahead

Dear Valued Subscriber,

In efforts to ensure that information is readily available for you, we will be publishing and updating the weekly schedule of key global macroeconomic events and company announcements on SGX Academy website every Friday. Click here to access and bookmark the schedule.

Date	Events
Monday, 12 May	CH: FDI YTD YoY CNY (12th – 18th) FR: Bloomberg May France Economic Survey GE: Bloomberg May Germany Economic Survey ID: Local Auto Sales (12th – 15th) JP: Bank Lending Ex-Trusts YoY JP: Bank Lending Incl Trusts YoY JP: BoP Current Account Adjusted JP: BoP Current Account Balance JP: Eco Watchers Survey Current SA JP: Eco Watchers Survey Outlook SA JP: Trade Balance BoP Basis SK: Bank Lending To Household Total (12th – 16th) SK: Exports 10 Days YoY SK: Imports 10 Days YoY UK: S&P Global, KPMG and REC UK Report on Jobs US: Fed’s Kugler Speaks on Economic Outlook
Tuesday, 13 May	SG Earnings & Business Updates (1) Confirmed PRIME US REIT – Aft Mkt Ex-Dividend – BBR HOLDINGS (SGD 0.003) Ex-Dividend – CNMC GOLDMINE (SGD 0.004 +SGD 0.006) Ex-Dividend – GLOBAL INVESTMENTS (SGD 0.004) Ex-Dividend – FEDERAL INT (SGD 0.005) Ex-Dividend – HEETON HOLDINGS (SGD 0.005) Ex-Dividend – HO BEE LAND (SGD 0.04) Ex-Dividend – HONG FOK CORPORATION (SGD 0.01) Ex-Dividend –LONZA GROUP (CHF 2) Ex-Dividend – OUE (SGD 0.01) Ex-Dividend –RAFFLES MEDICAL GROUP (SGD 0.025) AU: NAB Business Conditions AU: NAB Business Confidence AU: Westpac Consumer Conf Index AU: Westpac Consumer Conf SA MoM GE: Current Account Balance GE: ZEW Survey Current Situation GE: ZEW Survey Expectations JP: Money Stock M2 YoY JP: Money Stock M3 YoY UK: Average Weekly Earnings 3M/YoY UK: BOE’s Bailey, ECB’s Knot Speak in Amsterdam UK: BRC Sales Like-For-Like YoY UK: Claimant Count Rate UK: Employment Change 3M/3M UK: ILO Unemployment Rate 3Mths UK: Jobless Claims Change UK: Payrolled Employees Monthly Change UK: Private Earnings ex Bonus 3M/YoY UK: Weekly Earnings ex Bonus 3M/YoY US: CPI Core Index SA US: CPI Ex Food and Energy YoY US: CPI Index NSA US: CPI YoY US: Federal Budget Balance US: NFIB Small Business Optimism US: Real Avg Hourly Earning YoY US: Real Avg Weekly Earnings YoY
Wednesday, 14 May	SG Earnings & Business Updates (5) Confirmed ASIAN PAY TV TRUST – Bfr Mkt UNITED HAMPSHIRE US REIT – Bfr Mkt CSE GLOBAL – Aft Mkt EC WORLD REIT- Aft Mkt TELECHOICE INTERNATIONAL – Aft Mkt Ex-Dividend – ALPINA HOLDINGS (SGD 0.001899) Ex-Dividend – FIRST REIT (SGD 0.0053 + SGD 0.0004 + SGD 0.0001) Ex-Dividend – FRASERS HOSPITALITY TRUST (SGD 0.008297 + SGD 0.00196) Ex-Dividend – HOTEL GRAND CENTRAL (SGD 0.015) Ex-Dividend – KINGSMEN CREATIVES (SGD 0.02) AU: Home Loans Value QoQ AU: Investor Loan Value QoQ AU: Owner-Occupier Loan Value QoQ AU: Wage Price Index YoY EC: ECB’s Nagel Speaks in Madrid GE: CPI EU Harmonized YoY GE: CPI YoY JP: PPI YoY SK: Unemployment rate SA US: MBA Mortgage Applications
Thursday, 15 May	SG Earnings & Business Updates (6) Confirmed GOLDEN AGRI-RESOURCES – Bfr Mkt MANULIFE US REIT – Bfr Mkt SASSEUR REIT – Bfr Mkt SINGAPORE POST -Bfr Mkt SINGAPORE AIRLINES – Aft Mkt NETLINK NBN TRUST – Aft Mkt Ex-Dividend – A-SONIC AEROSPACE (SGD 0.005) Ex-Dividend – ENGRO CORPORATION (SGD 0.03) Ex-Dividend – HOSEN GROUP (SGD 0.002) Ex-Dividend – KASIKORN BANK TH SDR 1TO1 (THB 2.2275) Ex-Dividend – PING AN INSURANCE HK SDR 2TO1 (CNY 0.72171) Ex-Dividend – TAT SENG PACKAGING GROUP (SGD 0.03) Ex-Dividend – UNI-ASIA GROUP (SGD 0.02) Ex-Dividend – UNITED OVERSEAS AUSTRALIA (AUD 0.02) AU: Consumer Inflation Expectation AU: Employment Change AU: Full Time Employment Change AU: Part Time Employment Change AU: Participation Rate AU: Unemployment Rate EC: ECB’s Cipollone, Villeroy Speak on CBDCs in Paris FR: CPI EU Harmonized YoY FR: CPI Ex-Tobacco Index FR: CPI YoY ID: Exports YoY ID: External Debt ID: Imports YoY ID: Trade Balance JP: Foreign Buying Japan Bonds JP: Foreign Buying Japan Stocks JP: Japan Buying Foreign Bonds JP: Japan Buying Foreign Stocks JP: Machine Tool Orders YoY SK: Bloomberg May South Korea Economic Survey SK: Money Supply L SA MoM SK: Money Supply M2 SA MoM UK: Construction Output YoY UK: Exports QoQ UK: GDP YoY UK: Government Spending QoQ UK: Gross Fixed Capital Formation QoQ UK: Imports QoQ UK: Index of Services 3M/3M UK: Industrial Production YoY UK: Manufacturing Production YoY UK: Output Per Hour YoY UK: Private Consumption QoQ UK: Total Business Investment YoY UK: Trade Balance Ex Precious Metals UK: Trade Balance GBP/Mn UK: Visible Trade Balance Ex Precious Metals UK: Visible Trade Balance GBP/Mn US: Business Inventories US: Capacity Utilization US: Continuing Claims US: Empire Manufacturing US: Industrial Production MoM US: Initial Claims 4-Wk Moving Avg US: Initial Jobless Claims US: Manufacturing (SIC) Production US: NAHB Housing Market Index US: Philadelphia Fed Business Outlook US: PPI Ex Food, Energy, Trade YoY US: PPI Final Demand YoY US: Retail Sales Advance MoM US: Retail Sales Control Group US: Retail Sales Ex Auto and Gas
Friday, 16 May	Ex-Dividend – AIMS APAC REIT (SGD 0.02255 + SGD 0.00106) Ex-Dividend – DBS (SGD 0.15 + SGD 0.6) Ex-Dividend – EVER GLORY UNITED (SGD 0.0025) Ex-Dividend – HELENS INTERNATIONAL (CNY 0.1146) Ex-Dividend – PC PARTNER (HKD 0.15) Ex-Dividend – RESOURCES GLOBAL (SGD 0.0072) Ex-Dividend – SIN HENG HEAVY MACHINERY (SGD 0.01 + SGD 0.04) Ex-Dividend – TENCENT HK SDR 10TO1 (HKD 0.4455) Ex-Dividend – ZHENENG JINJIANG (SGD 0.023) Ex-Entitlement – AIMS APAC REIT (SGD 0.00169) SG: Electronic Exports YoY SG: Non-oil Domestic Exports YoY EC: ECB’s Lane, BOE’s Lombardelli, Riksbank’s Seim in DC FR: ILO Mainland Unemployment Rate FR: ILO Unemployment Rate HK: GDP SA QoQ HK: GDP YoY JP: Capacity Utilization MoM JP: GDP Annualized SA QoQ JP: GDP Business Spending QoQ JP: GDP Deflator YoY JP: GDP Nominal SA QoQ JP: GDP Private Consumption QoQ JP: GDP SA QoQ JP: Industrial Production YoY JP: Inventory Contribution % GDP JP: Nationwide Dept Sales YoY (16th – 22nd) JP: Net Exports Contribution % GDP JP: Tokyo Dept Store Sales YoY (16th – 22nd) MA: BoP Current Account Balance MYR MA: GDP SA QoQ MA: GDP YoY SK: Export Price Index YoY SK: Import Price Index YoY US: Building Permits US: Export Price Index YoY US: Housing Starts US: Import Price Index YoY US: New York Fed Services Business Activity US: U. of Mich. 1 Yr Inflation US: U. of Mich. 5-10 Yr Inflation US: U. of Mich. Current Conditions US: U. of Mich. Expectations US: U. of Mich. Sentiment

Updated as of 9 May 2025
Source: SGX, Bloomberg and Refinitiv

Please note that scheduled earnings releases are subject to change. For more corporate actions, please click here. You may refer to the broker’s reports’ here.

This document is not intended for distribution to, or for use by or to be acted on by any person or entity located in any jurisdiction where such distribution, use or action would be contrary to applicable laws or regulations or would subject Singapore Exchange Limited (“SGX”) and/or its affiliates (collectively with SGX, the “SGX Group Companies”) to any registration or licensing requirement. This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. It does not address the specific investment objectives, financial situation or particular needs of any person. Advice should be sought from a financial adviser regarding the suitability of any investment product before investing or adopting any investment strategies. Use of and/or reliance on this document is entirely at the reader’s own risk. Investment products are subject to significant investment risks, including the possible loss of the principal amount invested. Past performance of investment products is not indicative of their future performance. Any forecast, prediction or projection in this document is not necessarily indicative of the future or likely performance of the product. Examples (if any) provided are for illustrative purposes only. While each of the SGX Group Companies have taken reasonable care to ensure the accuracy and completeness of the information provided, each of the SGX Group Companies disclaims any and all guarantees, representations and warranties, expressed or implied, in relation to this document and shall not be responsible or liable (whether under contract, tort (including negligence) or otherwise) for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind, including without limitation loss of profit, loss of reputation and loss of opportunity) suffered or incurred by any person due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such information, or arising from and/or in connection with this document. The information in this document may have been obtained via third party sources and which have not been independently verified by any SGX Group Company. No SGX Group Company endorses or shall be liable for the content of information provided by third parties (if any). The SGX Group Companies may deal in investment products in the usual course of their business, and may be on the opposite side of any trades. Each of SGX, Singapore Exchange Securities Trading Limited and Singapore Exchange Bond Trading Pte. Ltd. is an exempt financial adviser under the Financial Advisers Act (Cap. 110) of Singapore. The information in this document is subject to change without notice. This document shall not be reproduced, republished, uploaded, linked, posted, transmitted, adapted, copied, translated, modified, edited or otherwise displayed or distributed in any manner without SGX’s prior written consent. Please note that the general disclaimers and jurisdiction specific disclaimers found on SGX’s website at http://www.sgx.com/terms-use are also incorporated into and applicable to this document.