Ticket Monster said Tuesday that the acquisition of Integrated Methods Sdn. Bhd., which owns an online shopping site, marks the beginning of its Asian expansion investors would normally be extending the tenor of investments, assuming that they have the appetite to invest over the longer term, by investing in bond markets. However, the environment for global bonds is not positive and we expect meagre returns over the next 12 months, given high or rising inflation and deteriorating fiscal dynamics, especially in the West.
Investing is tricky enough in normal times but periods of heightened uncertainty surrounding inflation outcomes make it even tougher. We forecast Singapore inflation to average 4.2 per cent this year and slow down to 2.5 per cent next year and in 2013. Ticket Monster CEO Daniel Shin said the company wants to grow aggressively overseas. He told reporters the company also aims to expand into Singapore, the Philippines, Vietnam and Japan.
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