Economy in Singapore
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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BRUNEI , 2015/11/18
Increase among the 21 Asia-Pacific Economic Cooperation (APEC) economies softened to 3.1 % in the second quarter of 2015, down from 3.2 % in the initial quarter and 3.4 % a year ago, according to an APEC economic analysis released on Tuesday.
The statement said the increase slowdown reflected the prolonged weakness in world economic activity as the modest recovery in advanced economies was matched by a general slowdown in emerging market economies.
The moderation in GDP levels could be attributed to declining investments and lacklustre exports, according to the statement.
"Economies across the Asia-Pacific continue to grow but find themselves in a holding pattern of lower increase in the absence of high trade volumes," said Alan Bollard, Executive Director of the APEC Secretariat.
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
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SINGAPORE, 2013/10/14
Singapore's central bank decided to retain its policy stance of targeting a "modest and gradual appreciation" of the currency exchange rate as the economic outlook remains upbeat next third quarter increase topped expectations.
Moreover, there will be no change to the slope of the policy band and the present width of the band is sufficient to accommodate temporary fluctuations in the Singapore dollar's nominal effective exchange rate, the Monetary Authority of Singapore said in its semi-annual policy review statement.
The MAS assessed the currency stance as appropriate taking into account the balance of risks between external request uncertainties and rising domestic inflationary pressures.
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SINGAPORE, 2013/04/29
Singapore's trade-driven economy shrank in the prime quarter as request for exports remained weak, but a robust construction sector cushioned the decline, preliminary government estimates showed Friday.
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SINGAPORE, 2013/02/26
Increase in Singapore's trade-reliant economy slowed down sharply last year, expanding 1.3 % as exports tumbled due to a world economic slump, official data showed Friday.
Although full-year increase was marginally higher than the 1.2-% figure given by Prime Minister Lee Hsien Loong last month based on preliminary data, it still marked a steep deceleration from the 5.2 % expansion in 2011.
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SINGAPORE, 2012/12/12
Singapore has topped Hong Kong as the majority desired place in Asia for so-called mobile millionaires to reside.
An RBC Wealth Management survey released yesterday cited quality of life in Singapore as the largest attraction.
Almost a third of the millionaires in Asia who live, work or spend extra than half their time outside their countries of origin prefer Singapore, while 24 % pick Hong Kong, the second-most popular in the region, RBC and The Economist Intelligence Unit said in a joint research statement.
