Economy
Fogged up: Downside risks obscure trade outlook
Fogged up: Downside risks obscure trade outlook
The total trade 2011 forecast has been narrowed from 8-10% to 9-10%, but risks like sovereign debt in the US continue to be a concern.
Shutting down: Waning electronics demand hurts exports
Domestic exports of electronics dropped by 14% in the second quarter.
Philippine exports plunged 10.2% in June
Electronics exports, which account for more than 50% of total exports, contracted 23.9%.
Oiling the wheels of trade: High oil prices boost oil trade by 29%
Oil prices will likely hover around the $100-110 per barrel range.
Total trade jumps to S$245b
Thanks to increases in both oil and non-oil trade in the second quarter.
Singapore to benefit from China’s sustained GDP growth
But companies should capitalize on key emerging trends and ride with the market leaders to outperform.
46% of accountants confident in Singapore’s importance as a global financial hub
36% say that their city had become ‘much more important’ as a financial centre.
China’s CPI to be around 6% in August
And manufacturing PMI could weaken further, possibly falling below 50.
Manufacturing shrinks by 5.9%
The culprit was the decline in biomedical manufacturing output in the second quarter.
Singapore economy’s growth forecast down to 5 - 6%
The country's economy contracted by 6.5% in 2Q11.
Excellent economy: Singapore dollar to appreciate 8% against USD in 2011
The banking sector also remains well-capitalised and job creation has been strong with only 2.1% unemployment rate.
How will Asia stay resilient amid the devastating market turmoil?
Looks like Asia’s move to lean more on domestic rather than external demand to drive growth will now pay off.
“Singaporeans come first”: Prime Minister
PM Lee Hsien Loong however stressed that Singaporeans should not turn negative on foreigners, as Singapore has prospered because of its openness to...
GDP growth estimate downgraded from 5.7% to 4.5%
Financial services, transport and storage and wholesale and retail trade may remain weak in H2 2011.
Price pressure: Asian inflation to reach 4.5% in 2011
But despite downside risks, analysts expect growth to rebound during the remainder of the year, so don’t fret.
Mr K Shanmugam: The Elected President can be highly influential
The Minister made the clarification amidst confusion on what the Elected President can actually do under the Constitution.
China’s inflation may have risen to 6.5% in July
DBS expects new loans to drop to CNY 598.5bn from CNY 633.9bn in the previous month.
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