Economy
Singapore economy contracts by 0.7% in 2Q12
Singapore economy contracts by 0.7% in 2Q12
This translates to a 2% expansion - a sharp pullback in growth compared to a 9.5% expansion in 1Q12.
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Here are the stories from around the web that Singaporeans are talking about including what netizens are wishing for Singapore.
Singapore to struggle with one of the highest inflation rates in Southeast Asia
Singapore will be home to the weakest growth, says DBS.
China industrial production growth dips 9.5%
GDP growth might slow around 7.4-7.5% in 3Q if IP does not pick up.
China to remain robust amid US grain price hike
Policies should continue to zero in on boosting growth because the surge will have limited impact, says analyst.
Korea unveils new tax on derivatives trades
This move is in hopes of boosting tax revenues by 100 billion won per year to buoy its aging population.
China inflation to slip below 2%
Thanks to stability in pork prices which was sustained into August.
Malaysia inflation slows for eight consecutive months
The 1.6% inflation gives Bank of Malaysia 'more elbow for monetary easing' whenever necessary.
Singapore on track for 1.5-2.5% growth in 2012: PM Lee
Find out what Prime Minister Lee Hsien Loong said in his National Day message.
China trade surplus jumps to US$31.7bn
This widening will provide support for further RMB appreciation in case of globale economic improvement.
Vietnam posts $100m trade surplus in July
This was despite market expectations of a $150 million deficit.
Philippine inflation inches up to 3.2%
Blame it on increasing housing prices and recent weather-related shocks.
Japan's current account hits surplus for fifth month
Thanks to lower oil prices that drove surplus to 433 billion yen.
Malaysia exports plateaued by 5.4%
Imports growth also slowed 3.6% resulting to a larger trade surplus.
Inflation in Thailand up to a four-month high
The 2.73% figure in July was driven by higher fuel prices.
Indonesia's economic growth picks up
This is on the back of a strong 30.2% growth for total foreign direct investments in the second quarter.
GDP growth forecast stands at 2.3% for 2012
Growth for the second quarter may be revised upwards due to the rise in June industrial production.
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