Singapore’s economy grew 5.8 percent in third quarter
Singapore’s economy grew by 5.8 percent on a year-on-year basis in the
third quarter of 2013, higher than the 4.4 percent growth in the
preceding quarter.
Singapore’s economy grew by 5.8 percent on a year-on-year basis in the
third quarter of 2013, higher than the 4.4 percent growth in the
preceding quarter.
In an announcement issued on Nov. 21, the Singapore Ministry of Trade and Industry (MTI) attributed GDP growth in Q3 to the year-on-year increases in manufacturing sector (5.5 percent), the construction sector (5.3 percent), the wholesale and retail trade sector (7.9 percent), the finance and insurance sector (10.5 percent), and the accommodation and food services sector (3.0 percent).
The MTI said that Singapore’s Gross Domestic Product grew by 3.5 percent year-on-year in the first three quarters of this year and it expects the economy to maintain a similar pace of growth in the fourth quarter.
Taking these factors into consideration, MTI expects the Singapore economy to grow by 3.5 to 4.0 percent in 2013, says the announcement.
The ministry added the growth outlook for the Singapore economy remains modest, growing by 2.0 to 4.0 percent in 2014.-VNA
In an announcement issued on Nov. 21, the Singapore Ministry of Trade and Industry (MTI) attributed GDP growth in Q3 to the year-on-year increases in manufacturing sector (5.5 percent), the construction sector (5.3 percent), the wholesale and retail trade sector (7.9 percent), the finance and insurance sector (10.5 percent), and the accommodation and food services sector (3.0 percent).
The MTI said that Singapore’s Gross Domestic Product grew by 3.5 percent year-on-year in the first three quarters of this year and it expects the economy to maintain a similar pace of growth in the fourth quarter.
Taking these factors into consideration, MTI expects the Singapore economy to grow by 3.5 to 4.0 percent in 2013, says the announcement.
The ministry added the growth outlook for the Singapore economy remains modest, growing by 2.0 to 4.0 percent in 2014.-VNA
You should also see
Dien Bien soldiers, youth volunteers meet in Hanoi
Nearly 300 soldiers and youth volunteers directly engaging in the Dien Bien Phu campaign 70 years ago looked back on the 56-day battle, the victory of which led to the signing of the Geneva Accords on ending the war and restoring peace in Indochina, at a meeting in Hanoi on April 23.
See more
World
Ten crew members killed after two Malaysian navy helicopters collide
Ten people have died after two navy helicopters collided in mid-air during a military rehearsal for a Royal Malaysian Navy parade.
World
Indonesian Constitutional Court rejects petitions against presidential election results
The Indonesian Constitutional Court on April 22 rejected all petitions regarding the country’s presidential election results filed by two presidential candidates - Anies Baswedan-Muhaimin Iskandar and Ganjar Prabowo-Mahfud M.D.
ASEAN
ASEAN youth empowered to unleash potential: ASEAN chief
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
World
Malaysian official urges collective efforts in plastic waste fight
A Malaysian official has underlined the importance of collective efforts, particularly by the public, in promoting the use of reusable bags and reducing single-use plastics in the fight against plastic waste.
World
Malaysia attaches importance to high-quality investments, start-ups
Six Malaysian ministers on April 22 made a joint commitment to ensure a coherent approach to achieve the goal of the Kuala Lumpur 20 Summit 2024 (KL20 summit 2024) to make Malaysia a vibrant hub for startups and high-quality investments.
