Singaporean economy on recovery, uncertainties remain
An article published on the Singapore’s Straits Times on February 16 commented that even as Singapore's economy stays on the recovery track, enthusiasm over a significant growth acceleration is wearing off.
Singapore (VNA) – An articlepublished on the Singapore’s Straits Times on February 16 commented that even as Singapore'seconomy stays on ꩵthe recovery track, enthusiasm over a significant growthacceleration is wearing off.
The uncertainty over the trajectory of the pandemic iscasting a long shadow on the sustainability of global demand and a robustrevival of domestic consumption. Those doubts are likely to make employerseven more hesitant to hire, keeping unemployment at elevated levels and privateconsumption subdued, it said. Exercising caution, the Singaporean Ministry of Trade andIndustry (MTI) kept its economic growth forecast at 4 percent to 6 percent thisyear. IrvinSeah, senior economist at DBS Bank, expected a gradual improvement in servicesgrowth in 2021, although the pace of recovery will be uneven across variousservices segments. Head of treasury research and strategy at OCBC Bank SelenaLing said factors that will keep the economy on track for MTI's forecast rangeinclude the demand for semiconductors, especially with the current global chipshortage and the roll-out of 5G products and solutions. The China plus-one strategy where US and European companiesavoid investing only in China and diversify their businesses into othercountries in the region, and the global supply chain diversification push mayalso help drive growth across ASEAN countries, including Singapore, she added./.
The Straits Times of Singapore on January 28 ran an article that views 2021 as a year of opportunity for Vietnam while the Australian Financial Review (AFR) said Vietnam has become an essential cog in the global supply chains.
Under the leadership of the Communist Party of Vietnam (CPV), Vietnam has maintained its political stability and economic growth as well as extensive integration into the regional and global economy, according to the S. Rajaratnam School of International Studies (RSIS) of Singapore.
Singapore witnessed a year-on-year nosedive of 88 percent in the number of visitor arrivals from the Chinese mainland to around 342,460 in the first three quarters of 2020, the Singapore Tourism Board (STB) reported.
Themed “emerging trends in terrorism and violent extremism”, the event drew over 200 participants from domestic and international agencies, discussing the rapid evolution of terrorism and the need for stronger regional and global cooperation.
Indonesia aims to start nuclear power generation by 2034, with a government roadmap already in place to develop small modular reactors (SMRs) with capacities ranging from 300 to 500 megawatts.
The package, endorsed on June 24, comprises 481 projects designed to boost GDP by an additional 0.4% and generate temporary employment for about 7.4 million people nationwide.
An Indonesian official emphasised that energy security is extremely essential amid global geopolitical and economic fragmentation, highlighting the need for the energy industry to strengthen resilience and responsiveness in the face of fluctuating oil prices and the shift to clean energy.
ASEAN must deepen collaboration through platforms such as the ASEAN Senior Officials Meeting on Transnational Crime (SOMTC) to ensure regional responses keep pace with the rapidly evolving cyber threat landscape.
Speaking at the launch of the Indonesia Economic Prospects June 2025 edition on June 23 in Jakarta, Turk noted that Indonesia’s gross domestic product (GDP) expanded 4.9% in the first quarter of 2025 compared to the same period last year.
Anti-dumping duties will continue to be imposed on producers from China and Japan while those on relevant exporters from the RoK and Vietnam will be terminated, starting from June 23.
A specialist police unit has acquired a fleet of off-road vehicles to help officers navigate rough, unpaved terrain – and flood waters – to respond more quickly to public security incidents.
The pact covers goods, services, investments, intellectual property rights, customs facilitation, competition policy, sanitary and phytosanitary, trade and sustainable development, government procurement and economic cooperation.
The talent programmes mark another milestone in the technical partnership between PETRONAS and the Energy Institute, which focuses on three pillars: promoting decarbonisation and operational excellence through innovative solutions, enabling informed decision-making with expert advice, and nurturing the next generation of energy professionals.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.
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 Singapore (Photo: Straits Times) 
