Singapore economy posts 7.6 percent growth in 2021
The Singapore economy grew by 7.6 percent in 2021, compared to a previous estimate of 7.2 percent, the Ministry of Trade and Industry (MTI) has said, while the growth forecast for this year has been maintained at 3-5 percent.
The Singapore economy grew by 7.6 percent in 2021 (Photo: AFP)
Hanoi (VNA) – The Singapore economy grew by 7.6percent in 2021, compared to a previous estimate of 7.2 percent, the Ministry of Trade andIndustry (MTI) has said, while the growth forecast for this year has beenmaintained at 3-5 percent.
🍸 Retail trade and food and beverage (F&B) services areprojected to see a gradual recovery over the course of the year as domestic COVID-19restrictions are eased.
Selena Ling, head of Treasury Research & Strategy,Global Treasury Division of OCBC Bank in Singapore said the lifting ofrestrictions will serve as an impulsive for the country’s economy in 2022. Inflationary risks remain despite a growth prospect of 3-5percent this year, she added. Data of the MTI in early 2022 showed that Singapore's economygrew 7.2 percent last year, rebounding from its worst recession caused by theCOVID-19 pandemic since 1965. The expansion was primarily driven by a 5.9 percent growth recordedin the fourth quarter of 2021. In his New Year's message, Singaporean Prime Minister LeeHsien Loong said the Southeast Asian country still faces many difficulties,especially new turmoil caused by the Omicron variant. However, he stated that the country is in a better positionto respond to the COVID-19 pandemic than it was two years ago when it isimplementing a booster vaccination programme and giving vaccines to childrenunder 12 years old./.
Singapore's National Environment Agency (NEA) has suggested supermarkets start charging consumers for plastic bags in order to discourage the excessive consumption of disposable bags, thus reducing CO2 emissions.
The number of new COVID-19 cases in Singapore may reach 15,000-20,000 per day, given that the Omicron variant is highly transmissible, Minister for Health Ong Ye Kung has said.
The Ministry of Health of Singapore confirmed 19,420 new COVID cases on February 15, marking the country’s highest daily infection count ever since the start of the pandemic, and more than twice of the previous day’s 9,082 cases.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
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 Singapore economy grew by 7.6 percent in 2021 (Photo: AFP) 
