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Singapore growth could top 3% in 2017, PM Lee says

SINGAPORE: Singaporean Prime Minister Lee Hsien Loong says his country is expected to exceed expectations this year by recording economic growth above 3%. Addressing his People’s Action Party’s 2017 convention on Sunday, Lee said Singapore was benefiting from an improved world economy, but would have to press on with plans to restructure and upgrade the economy to […]

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Singapore suspends trade relations with North Korea

SINGAPORE, Nov 17: Singapore has suspended trade relations with North Korea, the latest of Pyongyang’s major trade partners to cut commercial ties under toughening UN sanctions over its weapons programme, a customs notice obtained on Thursday (Nov 16) showed. The move comes about two months after the United States imposed North Korea-related sanctions on a number of […]

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Singapore to release final Q3 GDP data on Nov 23

SINGAPORE – The Ministry of Trade and Industry (MTI) will release the third quarter 2017 economic survey of Singapore on Nov 23 at 8am. The report will give the final growth figures for the economy for the July to September quarter, including detailed information on sectoral performance, sources of growth, inflation, employment and productivity. Advance […]

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Singapore: MAS plans cross-border tie-ups on blockchains, e-payments; to develop 80 Robinson as fintech hub

SINGAPORE plans to work with partners in Hong Kong and Canada in developing the use of blockchain technology, the Monetary Authority of Singapore (MAS) announced on Tuesday. The MAS will set up a cross-border platform with the Hong Kong Monetary Authority to boost trade finance using distributed ledger technology. This will enable the seamless transfer […]

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Singapore’s property market is set to sizzle

A series of blockbuster land deals in Singapore this year signal the city-state’s property market is set to break out of its prolonged slump in 2018. A Chinese group lobbed a winning record bid for a residential plot, while Guocoland Ltd. paid a record per-square foot price for an office development site in the central business […]

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