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NEWS UPDATES Asean Affairs   6 August 2013  

Singapore seen revising down Q2 growth on Aug 12

SINGAPORE - Economists expect Singapore to revise downwards second quarter gross domestic product growth from preliminary estimates when it releases a detailed report of the data at 8 a.m. (0000 GMT) on Aug 12, the Ministry of Trade and Industry said on Monday.

The advance estimates had put second quarter GDP growth at 3.7 per cent year-on-year and 15.2 per cent quarter-on-quarter on an annualised, seasonally adjusted basis.

Economists expect a downward revision in the wake of slightly weaker-than-expected June industrial production data.

There might be better news beforehand, however. Prime Minister Lee Hsien Loong is expected to reveal an upward adjustment in Singapore's full year growth forecast in his National Day address on Thursday evening.

A slight recovery in the global chip sector and strength in financial services, flagged by the central bank last month, has raised expectations that the full year growth forecast could be raised from 1-3 per cent currently.

Singapore's economy grew by just 0.2 per cent year-on-year in the first three months of 2013. Reuters

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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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