Singaporean economy forecast to expand 0.5-1 percent in 2019
The Ministry of Trade and Industry (MTI) of Singapore on November 21 released a report showing that the country’s economy expanded by 0.5 percent yearonyear in the third quarter of 2019.
Hanoi (VNA) – TheMinistry of Trade and Industry (MTI) of Singapore on November 21 released areport showing that the country’s economy expanded by 0.5 percent yearonyear inthe third quarter of 2019.
The growth was slightly higher thanthe 0.2-percent growth in the preceding quarter, and higher than the forecastby 0.1 percent, according to the ministry.
Under the report,Singapore narrowed its official full-year growth forecast for 2019 to 0.5-1percent.
As for 2020, the MTI forecasts that theSingaporean economy will pick up modestly as compared to2019, and the growth will be in the range of 0.5-2.5 percent.
However, experts held that factorslike the US-China trade tensions, the Brexit and the crisis in Hong Kong maystrongly influence the Southeast Asian country’s economic growth./.
Singapore will launch a green investment programme worth 2 billion USD, which aims to provide capital for “green” funds in the country, Education Minister Ong Ye Kung said at the Singapore FinTech Festival on November 11.
Singapore has fined Swiss banking giant UBS 8 million USD after investigations showed its advisors deceived clients about prices for bonds and other financial products.
Singapore has made the top 10 rankings of the most competitive places for talent - the first time it has reached the elite level in a league table compiled by Swiss business school IMD.
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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.
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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.
