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NEW UPDATES Asean Affairs  27 November 2014  

Singapore's total trade contracts 3.5% on-year in Q3

SINGAPORE: The Republic’s total trade declined by 3.5 per cent on-year in the third quarter of this year to S$245.2 billion, according to a statement released by the International Enterprise (IE) Singapore on Tuesday (Nov 25).

This follows a 2.9 per cent expansion in the previous quarter.

Singapore’s non-oil domestic exports (NODX) rose 1.1 per cent on-year during the quarter, after the previous quarter’s decline of 3.4 per cent. The expansion was due to higher shipments of non-electronic exports, which outweighed the decrease in electronic exports.

Non-oil re-exports (NORX) declined by 1 per cent on-year in the third quarter, following a 2.9 per cent increase in the previous quarter. The decline was attributed to lower shipments of electronic re-exports, which outweighed the increase in non-electronic re-exports.

IE Singapore has revised the total trade forecast for 2014 to between 1.5 and 2 per cent. The 2014 forecast for NODX has been revised to between -1.5 per cent and -1 per cent.

In 2015, total trade and NODX are projected to grow moderately by up to 2 per cent and between 1 and 3 per cent, respectively.

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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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