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Singapore: Economists stick to forecast of 3.2% GDP growth for 2018, but more are wary of external risk factors

CONFIDENCE in the manufacturing sector as a growth driver has risen, with Singapore’s overall economic prospects on track for previous forecasts, according to the latest survey of private-sector economists, which was released on Wednesday. But a growing number of watchers have flagged external growth as a factor that could affect the economy, although whether it […]

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Singapore, Malaysia to sign agreement at 2pm today to defer high-speed rail project

SINGAPORE and Malaysia are set to sign an agreement to defer the high-speed rail(HSR) project on Wednesday afternoon. The 2pm signing will be witnessed by Singapore Deputy Prime Minister Teo Chee Hean, who is in Malaysia for a visit, as well as by Malaysian Prime Minister Mahathir Mohamad and Deputy Prime Minister Wan Azizah Wan Ismail. It will take place at the Prime Minister’s […]

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Singapore’s manufacturing continues expansion

SINGAPORE – Electronics turned in a robust performance in August to help the overall manufacturing sector record its 24th month of expansion. The Purchasing Managers’ Index (PMI) – a key indicator of economic activity – noted that the electronics sector logged a 0.4-point increase in August from July, to 52.0. A reading above 50 indicates […]

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