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NEWS UPDATES Asean Affairs   21 November 2013  

MTI raises S'pore 2013 growth forecast to 3.5%-4%

SINGAPORE:  Singapore has revised upwards its economic growth forecast for this year.

The Ministry of Trade and Industry (MTI) expects the economy to grow by 3.5 to 4 per cent in 2013, up from an earlier forecast of 2.5 to 3.5 per cent.

Growth is likely to be supported by externally-oriented sectors such as manufacturing, wholesale trade and transportation and storage.

Looking longer-term, for 2014, it expects the economy to grow by 2 to 4 per cent.

The MTI also released Singapore's economic performance for the third quarter.

For the period July to September, the economy grew by 5.8 percent year-on-year, higher than the 4.4 per cent growth seen in the preceding quarter.

Quarter-on-quarter, the economy grew at a slower pace of 1.3 per cent, after expanding 17.4 per cent in the previous quarter.

The manufacturing sector did not fare too well in Q3, growing by 0.1 per cent quarter-on-quarter, after surging 33.5 per cent in the preceding quarter.

The construction sector contracted 2.5 per cent, a reversal from the 20.3 per cent growth in the second quarter.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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