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February, 23, 2017

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Business > Asia > Singapore
Singapore's trade-driven economy rose faster than thought in 2016 but concerns over a "lack of clarity" on U.S. President Donald Trump's policies could hit growth this year, the government said Friday.
 
Singapore's trade-driven economy grew 1.8 percent last year, the slowest pace since the global financial crisis in 2009, after dodging a technical recession in the fourth quarter, official data showed Tuesday.
 
Singapore economy expected to grow 1% to 3% this year: PM
Singapore's economy is expected to have grown by more than 1 percent last year, lower than initial forecasts, Prime Minister Lee Hsien Loong said yesterday.
 
Singapore sovereign wealth fund GIC will pay close to US$60 million for a 50 percent stake in a leisure and dining development in Britain, a joint statement said on Friday.
 
Singapore inflation flat in November
Singapore's longest spell of negative inflation finally came to an end last month on the back of gradually recovering commodity prices and brighter prospects for global growth in the coming year.
 
Singapore's financial regulator said Friday it has fined two British banks and barred a former Goldman Sachs banker in a widening crackdown on money laundering linked to Malaysian state fund 1MDB.
 
Singapore will launch a new electronic payment system using blockchain, the technology behind the cryptocurrency bitcoin, the city-state's central bank chief said Wednesday.
 
A handful of Singapore companies are taking steps to help manufacturers around the world build factories of the future.
 
Singapore's export-driven economy shrank the most in four years in the third quarter, officials said Friday, as manufacturing sharply contracted on weaker global demand.
 
The wealthy city-state of Singapore -- with its flourishing trade, orderly life and almost non-existent crime -- is hardly a place one would associate with illegal trade. But a new report by a reputed organization reveals that in fact the country has a poor record of preventing just that.
 
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