Singapore economy to expand 4-6 percent in 2021: MTI
Singapore’s Ministry of Trade and Industry (MTI) announced on May 25 that it would maintain the country’s GDP growth forecast for 2021 at 4 to 6 percent, in view of the heightened uncertainties in the economic environment, characterised by both upside and downside risks, especially arising from the COVID-19 pandemic.
Singapore (VNA) - Singapore’s Ministry𓃲 of Trade and Industry (MTI) announced on May 25 that it would maintain the country’s GDP growth forecast for 2021 at 4 to 6 percent, in view of the heightened uncertainties in the economic environment, characterised by both upside and downside risks, especially arising from the COVID-ღ19 pandemic.
The MTI will review the forecast again in the next quarter, when there is more data, and greater clarity over the global and domestic economic situations.
The Singapore economy expanded by 1.3 percent on a year-on-year basis in the first quarter, a reversal from the 2.4 percent contraction in the previous quarter. On a quarter-on-quarter seasonally-adjusted basis, the economy grew by 3.1 percent, extending the 3.8 percent expansion in the fourth quarter of last year, according to the ministry’s press release.
The expansion was propped up by gains in the manufacturing, finance and insurance, and wholesale trade sectors.
The ministry highlighted a stronger-than-expecte🐲d performance in the first quarter, saying that the domestic economy still sees a recovery this year amid the global economic rebound and further progress in the local vaccination programme./.
Vietnam is a bright spot in terms of diversity and balance in gender and ethnicity in its law-making body, said Supalak Ganjanakhundee, an expert from Thailand’s Institute of Southeast Asian Studies (ISEAS) said in an interview with the Vietnam News Agency correspondent in Bangkok.
Vietnam’s elections of deputies to the 15th National Assembly and the People’s Councils at all levels for the 2021-2026 term are of great significance, said Veeramalla Anjaiah, a senior research fellow at the Centre for Southeast Asian Studies in Jakarta and a senior journalist.
Singapore's economy is expected to have grown 0.9 percent in the first quarter on an annual basis, an improvement from earlier estimates, thanks to stronger-than-expected performance in the manufacturing sector, according to a poll of economists by Reuters.
Singapore authorities have provisionally approved a COVID-19 breathalyzer test that aims to show whether someone is infected with the coronavirus in under a minute, according to the local start-up that developed the product.
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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.
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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.
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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.
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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 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.
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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.
