Economy
Temasek: Our share of Singapore economy only about 10%
Temasek: Our share of Singapore economy only about 10%
The investment firm made the clarification amidst “mistaken claims” that Temasek’s stake in the Singapore economy could be almost 60%.
Non-oil domestic exports drop 2.8% in July
And electronic exports plunge 16.9% as key electronic products recorded weaker sales.
GDP growth in Asia to ease in 2011 to a decent 7.2%
And Singapore is one of the six Asian economies which reported 2Q GDP registered sequential
Don’t panic: China’s economy still stable
If GDP growth is only 8% but there is no systemic unemployment, China will be fine.
Singapore tightens employment pass eligibility requirements
New employment policy will maintain the foreign share of the workforce at only one-third.
Philippine remittances suffer from currency strength
The Philippine Peso has strengthened by close to 6% against other currencies since early 2010.
Japan’s GDP shrinks 1.3% in 1Q11
The contraction was led by exports of good and services which dropped by 4.9%.
What to do with Asian central banks’ FX reserves?
In May 2011, roughly 33% of non-Japan Asia reserves were parked in US treasuries.
"Even more important than physical investments is our people": Prime Minister
PM Lee Hsien Loong talked about building the sense of being Singaporean, of ownership and belonging, during the National Day Rally.
Indian monthly trade deficit widened to US$11.1b in July
Trade deficit is expected to stay in the range of 7-8% of GDP.
Brace yourselves for a looming recession, warns analyst
The global index is down by 16% since August 1 and by 19% since it peaked in late April.
Analyst warns Asia on threats from a 9% risk to earnings in 2012
That is if earnings from a 1% lower G10 GDP growth where the base case is 2.4% becomes reality.
Presidential Election Update: Four candidates certified to run
The Committee received six applications and issued certificates based on integrity, good character and reputation.
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.
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