Sign up | Log in



Home  >>   Daily News  >>   Singapore News  >>   Economy  >>   Singapore growth pegged at 5 percent
NEWS UPDATES Asean Affairs     14 October  2011                    

Singapore growth pegged at 5 percent

Related Stories

October 6,2011
Singapore PM tells Chinese to raise game

September 7,2011
Without immigrants, Singapore loses

August 26, 2011
Standard & Poor’s reaffirms Singapore rating

August 18,2011
Dollars flood Singapore

Advance GDP estimates for the third quarter on Friday released by the Ministry of Trade and Industry (MTI) said that the Singapore economy is expected to grow by around 5.0 percent in 2011.

However, inflation is expected to hover at around 5 per cent in 2011 warned the Monetary Authority of Singapore (MAS) in a separate statement, before easing in the later part of the yeat to 2.5-3.5 per cent for 2012.

As such, the MAS says it will continue with a policy of a modest and gradual appreciation of the S$NEER policy band.

By doing so, the MAS is guiding the Singapore dollar to appreciate at a slower pace, after the currency reached historic highs against the US dollar in July.

The MAS move takes into account estimates for Singapore's economy which saw growth of 5.9 percent on a year-on-year basis in the third quarter of 2011.

On a quarter-on-quarter basis, the economy grew by 1.3 per cent, a reversal from a contraction of 6.3 percent in the previous quarter.

MTI said the improved economic performance in the third quarter was mainly due to a pick-up in growth in the biomedical manufacturing cluster.

It also cautioned that growth could be weighed down by the softening global economic conditions for the rest of 2011.

It cited the electronics cluster as one area which is expected to remain weak due to the easing of global electronics demand.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    14  October  2011 Subsribe Now !
• Foreign sell-off could hurt Asian economies Subcribe: Asean Affairs Global Magazine
• Asean trade ministers meet Asean Affairs Premium

• Minister welcomes sharia commodity trading

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• US chamber visits Indonesia
• Skills gap in Philippines labor force
• Singapore growth pegged at 5 percent
• Bangkok prepares for possible flooding

• Japanese ask for accurate weather information


Asean Analysis              14  October  2011

Advertise Your Brand
• Japanese ask for more from Thai government Sponsor Our Events

Asean Stock Watch      14  October  2011

• Asean Stock Watch-October 14 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


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


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand