Arab Today, arab today singapore economic growth higher
Last Updated : GMT 01:36:29
Arab Today, arab today
Arab Today, arab today

Singapore economic growth higher

Arab Today, arab today

Arab Today, arab today Singapore economic growth higher

Singapore - AFP

Singapore'e trade-sensitive economy exceeded forecasts to expand 3.7 percent in 2013, Prime Minister Lee Hsien Loong said Tuesday, as it benefited from a stabilising global economic environment. In his New Year message emailed to the media, Lee said the growth rate was "better than initially expected". It topped a previous forecast by him in August of 2.5-3.5 percent growth amid global uncertainties. "The European and American economies are stabilising," Lee said. "Asian prospects are still positive, but there are problems and tensions," he added, referring to the various territorial disputes in the region as well as tensions in the Korean peninsula. He said the city-state's economy, seen as a bellwether for the region, is expected to achieve 2.0-4.0 percent growth in 2014.   Its gross domestic product (GDP) stood at Sg$345.6 billion ($273.25 billion) in 2012, according to latest official data. Singapore's exports, like those of other Asian countries, had been hurt by slowing demand from the United States and Europe this year, although the situation in those markets has now improved. In his message, Lee said the government was continuing to tighten the influx of foreign labour, amid discontent among Singaporeans over the large foreign presence in the tiny city-state of 5.4 million people. Only 3.84 million are citizens and permanent residents. "We are taking a balanced approach, reducing but not cutting off the inflow of foreign workers," Lee said. He said foreign workers were still necessary to "keep our economy running and to build critical infrastructure for Singaporeans". Authorities have been phasing in various measures to tighten foreign worker inflows, including a new policy announced in September requiring companies to show proof they first tried to recruit local citizens before hiring foreign professional workers. The city-state however continues to depend heavily on about 700,000 guest workers who are employed in construction and other sectors shunned by Singaporeans. More than 200,000 others work as domestics. The discontent over foreigners -- who are accused by Singaporeans of competing with them for jobs, housing, schools and space on public transport -- spilled into general elections in 2011, when Lee's long-ruling People's Action Party garnered its lowest-ever vote count after more than 50 years in power.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today singapore economic growth higher Arab Today, arab today singapore economic growth higher

 



Arab Today, arab today
Arab Today, arab today US, Britain ban laptops on flights

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Hezbollah commander killed by own men

GMT 07:43 2017 Wednesday ,22 March

Hezbollah commander killed by own men
Arab Today, arab today Tunisian media host praises her new experience

GMT 12:35 2017 Wednesday ,15 March

Tunisian media host praises her new experience
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Palestinian police wage war

GMT 07:53 2017 Friday ,17 March

Palestinian police wage war
Arab Today, arab today Dalia Mustafa believes in the presence of ghosts

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 14:17 2017 Monday ,20 March

Cholesterol-slashing drug not impair brain

GMT 17:08 2017 Saturday ,18 March

Reveals secrets of tourism flights to space

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 15:42 2017 Saturday ,18 March

HTC U Play now available in KSA

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday