Posted on May 15, 2008 by lushhomeonline
It is closing the gap on top-ranked US; 2008 may be the year the US falls from its pole position
SINGAPORE remains the world’s second most competitive economy but is closing the gap on the top-ranked United States, according to an annual analysis.
Now in its 20th year, the World Competitiveness Yearbook (WCY) by Swiss business school [...]
Filed under: General, Global Economy, Singapore Economy | Tagged: IMD, Singapore Economy, Stephane Garelli, World Competitiveness Yearbook, World Most Competitive Economy | No Comments »
Posted on May 15, 2008 by lushhomeonline
THE Singapore economy has held up well despite slower exports in the past 18 months, an economist said yesterday.
HSBC senior economist Robert Prior-Wandesforde said that tech exports in particular have been contracting, but this has not drastically affected the economy.
‘What we’ve seen over the past 18 months is something unprecedented,’ he said. ‘At the same [...]
Filed under: General, Singapore Economy | Tagged: HSBC, Robert Prior-Wandesforde, Robert Prior-Wandesforde on Singapore Economy, Singapore Economy, Singapore Economy Outlook | No Comments »
Posted on May 15, 2008 by lushhomeonline
THE US dollar made an impressive comeback in Asia yesterday, surging to a six-week high of S$1.3850 and recording fresh 2008 peaks of 42.67 Indian rupees and 42.85 Philippine pesos. Elsewhere, weaker non-Asian units like the British pound and New Zealand dollar plumbed US-dollar lows not traded for the best part of three and four [...]
Filed under: General, Global Economy, Singapore Economy | Tagged: Sing Dollar, US Dollar, US Retail Sales | No Comments »
Posted on May 14, 2008 by lushhomeonline
INFLATION is set to peak in the coming months before falling to 4 per cent by the end of the year, said HSBC Bank economist Robert Prior-Wandesforde yesterday.
However, he expects overall inflation for the year to average 6 per cent because of higher oil and food prices.
The Monetary Authority of Singapore anticipates inflation this year [...]
Filed under: General, Singapore Economy | Tagged: Inflation, Robert Prior-Wandesforde, Singapore Economy, Singapore Economy Outlook | No Comments »
Posted on May 12, 2008 by lushhomeonline
IS THE worst of the financial crisis over? Depends on who you ask and what the definition of ‘the worst’ is - if it’s the credit crunch that’s being referred to, then the answer is probably yes. But if it’s the consequent impact on earnings and the economy, then the answer is probably no.
A couple [...]
Filed under: General, Global Economy, Singapore Economy | Tagged: Global Economy, Singapore Economy | No Comments »
Posted on May 12, 2008 by lushhomeonline
How do you see the downturn in the US playing out? Will it be V-shaped, U-shaped or L-shaped? Given your prediction, how do you see that downturn affecting your organisation and how are you planning for it?
MY ASSESSMENT is that the US is likely to go through a U-shaped scenario, where the downturn is prolonged [...]
Filed under: General, Global Economy, Singapore Economy | Tagged: Singapore Economy, US Economy | No Comments »
Posted on May 10, 2008 by lushhomeonline
ASIA’S economic prospects look positive despite the financial turmoil in the United States, says Minister for Trade and Industry Lim Hng Kiang, and Singapore is also expected to keep its economy competitive with a four-pronged game plan.
Speaking at the European Chamber of Commerce Europe Day Lunch yesterday, Mr Lim identified the four key areas that [...]
Filed under: General, Singapore Economy | Tagged: Aerospace, Biomedical Sciences, Clean Energy, EU-Singapore Free Trade Agreement, Innovation and R&D, Manufacturing, Singapore Economy, Singapore Economy Outlook | No Comments »
Posted on May 10, 2008 by lushhomeonline
Economies in India, Hong Kong, and Singapore could overheat in 2009 as low interest rates and strong fund inflows push up asset prices, a Lehman Brothers economist said on Friday.
Robert Subbaraman, Lehman’s chief economist in Asia excluding Japan, reiterated his long-standing view that investors were likely to pour more funds into Asia when financial markets [...]
Filed under: General, Global Economy, Singapore Economy | Tagged: Asia Economy Outlook, Hong Kong Economy Outlook, India Economy Outlook, Lehman Brothers, Robert Subbaraman, Singapore Economy Outlook | No Comments »
Posted on May 9, 2008 by lushhomeonline
MUCH has been written about the nature of the beast, about whether it’s shaped like a U, V, L or even W. We’re talking of course about the impending - or, as oracles like former US Federal Reserve chief Alan Greenspan and Berkshire Hathaway’s Warren Buffett contend, the ongoing - US recession. What’s clear is [...]
Filed under: General, Singapore Economy | Tagged: Singapore Economy | No Comments »
Posted on May 9, 2008 by lushhomeonline
Inflation is a more serious problem for Singapore and other Asian economies than an economic slowdown in the United States, according to HSBC’s senior Asian economist, Robert Prior-Wandesforde.
He said if inflation continues to push upwards, Asia could find itself facing an economic slowdown next year. His comment came at a seminar organised by the Singapore [...]
Filed under: General, Singapore Economy | Tagged: Asia Economy, Inflation, Singapore Economy, US Economy Imapact on Singapore | No Comments »
