But there will be discomfort on the ground, he says DESPITE the growing prices of food and oil around the world, Singapore is not heading for a economic recession, Finance Minister Tharman Shanmugaratnam said yesterday. According to Channel NewsAsia reports, Mr Tharman said at a community event that from all indications at this point, he did not think Singapore was heading for an economic recession. But...
Singapore Economy Outlook
But the hike in fuel prices in Malaysia will cause discomfort here SINGAPORE is not heading for a recession, said Finance Minister Tharman Shanmugaratnam, although fuel price increases in Malaysia would lead to discomfort. ‘From all indications we have at this point, I don’t think we’re heading for a recession. ‘But there will be discomfort on the ground,’ he said, speaking to Channel NewsAsia...
Finance Minister Tharman Shanmugaratnam on Sunday gave the assurance that Singapore is not heading for a recession. Speaking at a community event, Mr Tharman said, “From all indications we have at this point, I don’t think we’re heading for a recession. But there will be discomfort on the ground. Unfortunately, the fuel price increase in Malaysia does mean that vegetable, poultry and some other...
Accountants think that Singapore is up for challenges this year, according to a survey by the Institute of Certified Public Accountants of Singapore (ICPAS). 64 percent of the respondents said their outlook for the economy ranged from neutral to pessimistic. Inflationary pressure was one of the top reasons for the dim economic outlook among Singapore accountants, with 90 percent of the respondents...
Events such as the Grand Prix are new growth drivers to help cushion the slowdown: Analysts THE Singapore economy is in for at least a year-long slowdown, but there will still be growth, according to most economists surveyed by Today. This is the U-shaped scenario painted by Prime Minister Lee Hsien Loong during his May Day Rally speech on Thursday, which predicts that it could be next year before the...
The Monetary Authority of Singapore (MAS) has said it expects inflation, now at a 26-year high of 6.7 percent, to cool to an average 4 percent in the second half of this year. Singapore's central bank also said on Tuesday that economic growth will slow in 2008, but the expansion will likely remain at a healthy level even under a tighter monetary policy. "Full-year gross domestic growth of between 4%-6%...