Singaporean economy forecast to expand 0.7 pct in 2019: MAS
The Singapore economy is expected to grow 0.7 percent this year, up from 0.6 percent in the previous survey in September, according to the latest quarterly poll of professional forecasters by the Monetary Authority of Singapore (MAS) released December 11.
The Singapore economy is expected to grow 0.7 percent this year (Photo: AFP/VNA)
Singapore (VNA) - The Singapore economy is expected to grow0.7 percent this year, up from 0.6 percent inthe previous survey in September, according to the latest quarterly poll of professionalforecasters by the Monetary Authority of Singapore (MAS) released December 11.
The Singapore economy expanded by 0.5 percentin the third quarter comparedwith the same period last year, beating the estimate of 0.3 percent projectedby private economists in the September survey.
Economistspolled now say they expect growth in the fourth quarter to come in at 1 percentyear on year.
Theytip growth to rise to 1.5 percent next year, down slightly from 1.6 percentpreviously. However, the range of forecasts has tightened to 1.5 to 1.9 percent,from 1 to 1.9 percent. The Government's own forecast is for 0.5 to 2.5 percentgrowth in 2020.
Thiscomes on the back of the Ministry of Trade and Industry (MTI) announcing lastmonth that the economy is expected to grow by 0.5 to 1 percent this year, whenit raised the lower end in the previous forecast range of 0 to 1 percentgrowth.
The latest quarterlysurvey indicated that further escalation oftrade tensions, in particular between China and the US, topped thelist of downside risks for 87.5 percent of the 22 respondents.
Otherdownside risks inclu꧃de a “sharper-than-expected” ꩲslowdown in China’s economicgrowth, cited by 43.8 percent of respondents in the December survey as comparedto the previous 50 percent./.
Singapore has set a target of stepping up its solar capacity by more than seven times from the current level, and increasing the current output of 260 megawatt-peak (MWp) to 2 gigawatt-peak (GWp) by 2030.
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 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.
Singapore is promoting a strategy of environmentally friendly palm oil production, aiming to become a the world's first country to only use sustainable palm oil.
Singapore has retained its top position in the world in food security for the second consecutive year in the Global Food Security Index, which assesses if people have access to affordable and quality food to meet their nutritional needs.
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.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The Singapore economy is expected to grow 0.7 percent this year (Photo: AFP/VNA) 
