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Economists cut Singapore GDP forecast

SINGAPORE: Singapore’s economy is forecast to grow 1.4% this year, a central bank survey of economists shows, down from a previous projection of 1.9%, as spillovers from an external slowdown threaten the trade-sensitive city-state. More robust growth in China, underpinned by economic re-opening and macroeconomic policy easing, were the top upside risks to Singapore’s growth […]

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Singapore dollar seen to depreciate against yen

THE Singapore dollar might depreciate against the Japanese yen, to under 100 yen in a 12-month horizon, which could boost the relative attractiveness of Japanese stocks to Singapore investors. The prevailing spot rate is 103.5. The Singapore dollar might first breach 105 yen – a level last seen in October – in the third quarter […]

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Singapore: Economists downgrade 2023 growth forecast to 1.4%, manufacturing set to shrink: survey

PRIVATE-SECTOR economists downgraded their full-year economic growth forecast for Singapore to 1.4 per cent this year in a quarterly survey, following a brief uptick in the previous edition. Gross domestic product is now expected to be weighed down by a contraction in the manufacturing sector, as well as a deeper slump in non-oil domestic exports, the survey […]

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Cambodia’s exports to Singapore rise 1,820% in May

Cambodia’s exports to Singapore increased by a massive 1819.9 percent in May this year compared to the same month last year, making the island city-state the fourth biggest market for the Kingdom after the US, China and Vietnam for the month. According to the latest trade data released by the General Department of Customs and […]

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