THE Singapore economy has picked up speed on the back of an uptick in global trade, but a sustained improvement in productivity growth could still remain elusive. Last year’s trade-driven recovery would have led to a short-run increase in labour productivity, but this rise was probably concentrated only in certain sectors, economists say. Data in […]
Read MoreSINGAPORE: Singapore’s economic growth slowed in the fourth quarter as factories lost steam, but a services sector recovery has bolstered expectations the central bank could tighten monetary policy as early as April, sending the local currency higher. The economy expanded 3.1% in the October-December quarter from a year earlier, advance estimates from the Trade and […]
Read MoreSINGAPORE: Singapore’s economy expanded 3.5% last year, in line with expectations, the Ministry of Trade and Industry said Tuesday. Last November, the ministry forecast growth of 3 to 3.5% for gross domestic product, upgrading an earlier forecast of 2 to 3%, after a stronger showing in the key electronics sector. The economy had grown by […]
Read MoreSINGAPORE: Singapore’s economy grew at a faster pace than economists estimated in the fourth quarter of 2017, boosted by services such as finance and insurance. Gross domestic product rose at a seasonally adjusted and annualized rate of 2.8 percent from the previous three months, according to preliminary figures from the trade ministry on Tuesday. The […]
Read MoreSINGAPORE, Dec 29: As the economy staged a remarkable recovery in 2017, local electronics manufacturer AEM Holdings enjoyed a busy year. “We’ve seen our orders surge this year, up by three-fold,” said chairman Loke Wai San, citing strong customer demand. The maker of high-density semiconductor test handlers for the world’s top chip manufacturers also took […]
Read MoreTHE Ministry of Trade and Industry (MTI) will release the advance estimates for economic growth in the fourth quarter and the whole year at 8am on Jan 2 next year, it said on Tuesday. MTI last month upgraded its forecast for 2017 gross domestic product (GDP) growth to 3 per cent to 3.5 per cent, […]
Read More
Thailand
