Economy
The President is taking office at a critical point: Prime Minister
Fortunately, according to Mr Lee Hsien Loong, Singapore is in a good position amidst the deeply troubled global economy.
The President is taking office at a critical point: Prime Minister
Fortunately, according to Mr Lee Hsien Loong, Singapore is in a good position amidst the deeply troubled global economy.
I will strive to be a President of whom you will all be proud: Dr Tony Tan
Singapore’s 7th Head of State said that, as a symbol, the President can strive to embody all that is good in Singapore and Singaporeans.
India’s manufacturing PMI drops to 52.6 in August
HSBC says this moderation in growth is set to continue over the next few months.
Thailand’s headline inflation of 4.3% well above expectations
And core inflation accelerated to 2.85% (YoY) against a forecast of 2.6%.
Korea’s inflation surges to three-year high of 5.3%
Blame the 11.4% rise in food prices for the higher inflation.
Singapore inflation feared to remain over 5% this year
This is on account of continued strong increases in accommodation costs, according to MAS.
Fingers crossed: Economy forecast to expand by 5 to 6%
That is if incoming external indicators don’t take a significant turn for the worse.
Half of Asia’s millionaires to come from China by 2015
Julius Baer says the wealth of China’s millionaires will reach a whopping US$8.76 trillion four years from now.
China’s manufacturing PMI grows to 49.9 in August
HSBC says this is the first time it rose in three months.
61% of overseas electors cast their votes
The overseas votes for the recent Presidential Election were counted on 31 August 2011.
Outlook on Vietnamese banks negative over the next 12-18 months
Vietnam’s accommodative monetary policy has resulted in high inflation and prohibitive borrowing costs.
Philippine GDP growth reached 3.4% in Q2 2011
Growth in the second half of the year will depend on private-public partnerships and foreign direct investments.
7th President to be sworn in 1 September 2011
Before welcoming the President-elect, a 96-strong guard of honour will first send off President S R Nathan on Thursday evening at the Istana.
Korea’s industrial production rises 3.8% in July
Morgan Stanley says production activities were affected by the holidays, and possibly by the heavy rainfall in the month.
Japan’s industrial production to drop 2.4% in September
But it may have increased 2.8% in August, says DBS.
India’s GDP eases to 7.7% in Q1-FY12
Consumer demand slowed dramatically with private consumption growth dropping to 6.3%.
Want to remarry? Declare your debts first
This is among the requirements taking effect on 1 September 2011.
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