Singapore’s economy grows at slowest pace since 2009
Singapore’s economy grew by 1.8 percent in the fourth quarter of 2016, a rise of 1.8 percent year – on –year, according to estimates by Ministry of Trade and Industry on January 3.
Consumers in a Singapore's market. (Photo: AFP/VNA)
Hanoi (VNA)🐲 – Singapore’s economy grew by 1.8 percent in the fourth quarterof 2016, a rise of 1.8 percent year – on –year, according to estimates byMinistry of Trade and Industry on January 3.
Withthat, the country recorded a 1.8 percent growth for the whole year, which islower than the 2 percent growth rate made in 2015 and the slowest pace since theglobal financial crisis in 2009. The 1.8 percent increase in the fourth quarter is faster than the 1.2percent growth in the previous quarter, said the ministry in a press release.
In Q4, the country’s manufacturing sector upped by 6.5 percent againstlast year, an improvement from the 1.7 percent growth of the previous quarter.
The service sector witnessed a year – on – year increase of 0.6percent, slightly lifting from the preceding quarter’s 0.3 percent.
The construction sector experienced a drop of 2.8 percent compared tolast year, extending the 0.2 percent decline in the previous quarter. Theslowdown was driven by a decline in the private sector’s constructionactivities.
Experts warned that the 2017 growth could even be slower if globaltrade protectionism would rise and USD interest rate would continue going up, puttingmore pressure on the local economy.
𒉰 Meanwhile, the ministry has projected the country’s economy to expandat 1-3 percent in 2017.-VNA
Singapore’s non–oil domestic exports (NODX) rebounded at 11.5 percent in November from a 12 percent reduction in the previous month, according to data of the International Enterprise (IE) Singapore.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
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.
Consumers in a Singapore's market. (Photo: AFP/VNA) 
