Economy

SG economy contracts 6.5% in 2Q 2011

The 7.4% growth in the manufacturing sector last month offers little assurance against the possibility of another technical recession.

SG economy contracts 6.5% in 2Q 2011

The 7.4% growth in the manufacturing sector last month offers little assurance against the possibility of another technical recession.

Voters faced a difficult choice: Prime Minister

Mr Lee Hsien Loong said this explains why the winning margin was so narrow.

Dr Tony Tan wins Presidential Election 2011

He beat closest contender Dr Tan Cheng Bock by not more than 2% of the total number of valid votes cast.

More than 94% of registered electors cast their vote

The total number of votes cast in Singapore was 2,153,014.

Service sector business receipts up 6.6% in 2Q11

Real estate services recorded the highest business receipts at 4.4%.

Singapore’s manufacturing growth eases to 7.4% in July

HSBC says it could’ve been worse, if not for the 47.7% jump in pharmaceutical output.

Fearless forecast: Brace yourselves for the mega 2-year Singapore recession

It's a looming disaster for the Lion City, as Fitch Ratings warns it could have its GDP cut by 4.1% from 2011-2013.

Fitch confident about Singapore banks’ resilience

The ratings firm said Singapore banks are likely to maintain their sound credit profiles, in spite of growing uncertainty over the global economy.

Asia’s GDP growth to slow down to 6.9%

UBS says the growth of small Asian economies will likely ease towards 3% next year.

Japan’s sovereign credit rating downgrade to Aa2 is not surprising: DBS

After all, Japan’s outstanding public debt equivalent to 200% of GDP is already the world’s highest.

China may have 9% GDP growth in 2012

And annual average of CPI inflation could be 4%.

Presidential Election Update: 26 August is Cooling-off Day

No campaigning and election advertising shall be allowed on the eve of the election.

Transport costs speed up inflation

With transport costs rising by 11.5% in July, inflation accelerated to the fastest pace since January.

Taiwan’s industrial production up by 2.4% in July

Domestic demand growth remains impressive with retail sales rising by 1.3%.

Singapore’s inflation rises to 5.4% in July

HSBC says the unexpected rise was driven by costlier housing, transport and food.

“The world is your oyster”: MOS Teo Ser Luck

The Minister of State for Trade and Industry said entrepreneurs should not be constrained by Singapore’s small domestic market.