The Ministry of Trade and Industry (MTI) of Singapore said on November 23 that it decided to adjust the country’s economic forecast this year to 3-3.5 percent from an earlier prediction of 2-3 percent.
The Ministry of Trade and Industry (MTI) of Singapore said on November 23 that it decided to adjust the country’s economic forecast this year to 3-3.5 percent from an earlier prediction of 2-3 percent (Photo: www.straitstimes.com)
Singapore (VNA) – The Ministry of Trade and Industry (MTI) ofSingapore said on November 23 that it decided to adju🎀st the country’s economicforecast this year to 3-3.5 percent from an earlier prediction of 2-3 percent.
In the latesteconomic survey, the Singapore economy grew by 5.2 percent year on year in Q32017. This is faster than the preceding growth of2.9 percent in the previous quarter and the best showing since the economy grew5.4 percent in the fourth quarter of 2013.
On a quarter-on-quarter seasonally adjusted basis, the country’s economyexpanded by 8.8 percent, accelerating from 2.2 percent in the second quarter.
Manufacturing grew by 18.4 percent on year during the quarter, up from the previousquarter's 8.4 percent expansion. Services expanded by 3 percent compared to theprevious quarter, except for housing and catering sectors.
Meanwhile, the construction sector decreased by 7.6 percent on year, extendingthe second quarter's on-year decline of 9.1 percent.
The MTI said that global growth is expected to pick up marginally on the backof stronger economic growth in the US and some emerging markets and developingeconomies. However, growth in several of Singapore’s key external demandmarkets such as China and the Eurozone is projected to ease.
For 2018, the Singapore economy is likely to grow by 1.5-3.5 percent, according♓to the ministry.-VNA
If Singapore is to maintain its position as one of the top financial centres in the world, it must embrace FinTech, maximise benefits and minimising risks.
Singapore has recently suspended all commercial trade with the Democratic People’s Republic of Korea in compliance with the UN resolution against the country’s nuclear and missile tests.
Non-oil domestic exports (NODX) in Singapore in October jumped by 20.9 percent year-on-year, according to the International Enterprise (IE) Singapore on November 17.
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Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
The Ministry of Trade and Industry (MTI) of Singapore said on November 23 that it decided to adjust the country’s economic forecast this year to 3-3.5 percent from an earlier prediction of 2-3 percent (Photo: www.straitstimes.com) 
