Economy
Total trade jumps to S$245b
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.
Prime Minister to deliver National Day Rally speech on 14 August
The rally will be broadcast live on local television channels and radio stations.
Asian credit still sound amidst shadows of European debt
But Japan is an exception, as debt problems intensified in the recent months, according to Standard & Poor’s.
Indonesia to surpass US’ GDP per capita of USD47,300
The country may come close to USD50,000 GDP per capita by 2050.
Minister of State for Foreign Affairs visits Batam
This is Masagos Zulkifli’s first visit to Batam as Minister of State for Foreign Affairs.
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