Singapore’s GDP to grow 2-4 percent this year

Singapore’s 4.9 percent gross domestic product (GDP) increase in the first quarter will put GDP on track to grow by 2 to 4 percent this year, Ministry of Trade and Industry (MTI) Permanent Secretary Ow Foong Pheng said.

New Cherkyzovo market may be built in Moscow

The Lenin district administration of Moscow plans to construct a wholesale trade centre for foreigners working in the Cherkyzovo market, which closed in late June, the Russian “Kommersant” daily said on August 4.

Standard Chartered: Government fiscal stimulus package boosts economy

Vietnam’s government fiscal stimulus is having a positive impact on the economy, especially in light of the fact that 2009 is considered a year of great challenges, the Standard Chartered Bank’s analyst Tai Hui has said.

The impacts can be seen clearly as a number of sectors in the economy are showing signs of outperforming expectations, such as construction, transportation and communications, financial intermediation, and retail and wholesale trade.