Economy
First session of 12th Parliament begins 10 October
First session of 12th Parliament begins 10 October
It will start with the election of the Speaker and the swearing-in of 90 Members of the House.
"We overcame the odds and transformed our economy": Prime Minister
Mr Lee Hsien Loong said GDP per capita is now almost S$60,000 compared to the S$1,374 fifty years ago.
Electronics PMI may have dropped to 50.4 in June
Standard Chartered also expects Singapore's PMI to have eased to 50.3 in July.
Analyst cautions against Indonesia’s 10-year government bonds
Yield on Indonesia’s 10-year government bonds has managed to hit record low of just below the 7% mark.
Debt threat: Analyst warns Chinese government on risks from bank defaults
As more than 50% of total debt will mature by the end of 2013, Beijing will need to take action to restructure the local debt.
5% of manufacturers threatened by a ‘deteriorating’ industry
But a weighted 17% expect business conditions to improve in H2 2011.
Inflation was higher for the rich
And that is because they use cars and petrol, which saw significant price increases.
Inflation may not slow sufficiently: HSBC
Persistent inflation reflects tight capacity conditions and still solid demand.
RMB not significantly overvalued: IMF
It’s official, Obama can back off as the IMF says China is not significantly manipulating its currency.
Inflation shocker: Prices in Singapore may have surged 5.2% in June
Standard Chartered says transport costs may resume their double-digit rise despite lower fuel prices.
MAS loses almost S$11b
They blamed it on a strong exchange rate.
Higher inflation pegged at 4-5%
MAS revised its forecast from 3-4% due to rising accommodation costs and private transport costs.
Uncertainties have clearly increased: MAS
GDP growth forecast range remains at 5 – 7% for now though, says Managing Director Ravi Menon.
Tightening bites: China’s Flash Manufacturing PMI drops to 48.9 in July
This is the first time flash PMI fell below 50 in a year.
Credit profile strength recovers with just 7% of ratings on negative outlook: Fitch
But the outlook for ratings is more negative in some important areas, notably euro zone peripheral countries.
Rupert Murdoch: Ministers’ high pay in Singapore avoids corruption
"It is the cleanest society you'd find anywhere," said the media mogul.
Asia Pac oil and gas companies to overcome liquidity pressures
Standard & Poor’s says crude prices are likely to remain volatile in the next 9 to 12 months.
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