Singapore’s Ministry of Trade and Industry (MTI) on August 11 revised its gross domestic product (GDP) growth forecast for 2015 to 2-2.5 percent from the previous 2-4 percent.
Singapore’s Ministry of Trade and Industry (MTI) on August 11 revised its gross domestic product (GDP) growth forecast for 2015 to 2-2.5 percent from the previous 2-4 percent.
According to the MTI, the country’s economic growth in the second quarter of 2015 stood at only 1.8 percent, a strong decrease from the 2.8 percent of the previous quarter.
Economists attributed the adjustment to Singapore’s economic restructuring. Sluggish global economic recovery has also hindered the country’s exports.
Statistics from the trade agency International Enterprise Singapore showed that the country’s non-oil exports increased by 2.1 percent in the second quarter, far lower than the rate of 4.8 percent in the first quarter.
𝓡 Earlier, the Monetary Authority of Singapore also lowered its national economic growth forecast for this year to 2.7 percent from the previous 2.8 percent.-VNA
The Singapore government has cut its 2014 CPI-All Items inflation forecast to average 1.5-2.5 percent amid lower car prices and housing costs expected for the second half of the year.
Singapore’s Ministry of Trade and Industry announced on Aug. 12 that it has narrowed its GDP growth forecast for 2014 to 2.5 to 3.5 percent, from its February forecast of from 2 to 4 percent.
Singapore’s economy expanded by 2.4 percent in the third quarter of this year compared to a year ago, the Ministry of Trade and Industry (MTI) said in its report on advance third-quarter gross domestic product (GDP) data on October 14.
Singapore’s economy in the last quarter of 2014 tapered off with a 1.5 percent growth year on year after expanding by 2.8 percent in the third quarter, said the Ministry of Trade and Industry (MTI).
The Singapore economy expanded only by 1.5 percent in the fourth quarter of 2014, slower than the 2.8 percent level of the previous quarter, according to a report released by Singaporean Ministry of Trade and Industry (MTI).
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
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.
Illustrative image (Source: Internet)
