Singapore carries out social distancing measures to prevent the spread of COVID-19 (Photo: Xinhua/VNA)
Singapore (VNA) ♉- Singapore's economy is on track torecover from the worst recession in its history caused by the COVID-19epidemic, but potential risks still exist.
There are currently four threats to the Singapore economy, ofwhich the threat of a new COVID-19 variant is present. The raging Delta varianthas caused many countries to tighten their safety measures this year and thisis still affecting many Singaporeans.
UOB Group economist Barnabas Gan said Singapore's economicoutlook will depend on the COVID-19 situation and any outbreak could pose risksto the country's economic recovery.
Meanwhile, inflation and a decline in global demand for electronics –the key export of Singapore's manufacturing sector are two other potentialthreats. As Singapore economic growth gains momentum, the risk of inflation is skyrocketing. Higher-than-expected inflation could prompt major central banksto reverse interest rate cuts to historic lows, where tight monetary policiescould cause a slowdown in demand and global investment flows.
Currently, Singapore's exports of semiconductors and otherhigh-end electronic components have been growing at an impressive rate withelectronics exports in June increasing by 25.5 percent. However, if there are signsof a drop in demand, electronics manufacturers are to cut production andthereby lead to shortage in microchips and other components. The shortage in the globalsupply of semiconductors could limit the increase in electronic goods output.
ꦦ In the context of the uncertain labour supply due to the COVID-19 epidemic, the construction sector faces ashortage of human resources as well as raw materials./.
Singapore and the Pacific Alliance (PA) have concluded negotiations on a free trade agreement, towards the signing of the deal in late 2021, the Singaporean Ministry of Trade and Industry announced on July 22.
The Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) have raised their full-year forecast for overall inflation to between 1 percent and 2 percent in 2021, up from the previous prediction of 0.5 percent-1.5 percent.
The Government of Singapore will provide a support package worth 1.1 billion SGD, or over 808 million USD, to help businesses and workers impacted by the country’s “Heightened Alert” restrictions put in place from July 22 – August 18.
More than 600 Vietnamese students from 13 countries worldwide participated in an online career workshop held by the Vietnamese Youth Alliance in Singapore (VNYA) on July 24-25.
The export of fruit and vegetables, especially lychees, contributed significantly to the Vietnam - Singapore trade in the first half of 2021, with Vietnam’s shipments surging 37.6 percent. The success of its lychee exports to the fastidious market has been parlayed into other farm produce, to further boost exports.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Singapore carries out social distancing measures to prevent the spread of COVID-19 (Photo: Xinhua/VNA) 
