Register or

Asia News - Category Archive

Feb 28

Economy of Singapore is Going Low

Filed under Asia News, Southeast Asia, Business & Politics

singaporeSingapore’s economy contracted at an annualized 16.4% in the October-to-December quarter, its sharpest pace of contraction in 33 years, according to revised figures released Thursday by the Ministry of Trade and Industry. For the whole of 2008, the economy grew 1.1%, after expanding 7.8% the preceding year, the ministry said in the 169-page Economic Survey of Singapore report. The manufacturing sector declined 10.7% in the fourth quarter on year, while the services sector was down 1.3%. Initial estimates published in January were for a 16.9% annualized contraction in the fourth quarter.

All entries filed under Asia News

  • In Singapore, Compansation Paid For Death
    - Posted 02.26.09

      The Indonesian ambassador to Singapore on Wednesday handed over almost 326,500 Singapore dollars ($213,832) in insurance claims from Singaporean labor agencies to relatives of six migrant workers who were killed in work-related accidents while working for Singaporean employers in 2007 and 2008. Wardana, who met the beneficiaries at the Ministry of Foreign Affairs in […]

  • Singapore Taxi Driver Fined S$1000
    - Posted 02.26.09

    Singapore – Giving in to a natural urge in public proved costly for a Singapore taxi driver.  The cabby was fined the maximum $1 000 Singapore dollars on Wednesday for urinating on a road, a news report said. The driver had alighted his taxi and urinated behind an electrical box, the online edition of the […]

  • Passengers wait Upto 10 Hours
    - Posted 02.26.09

    HE LEAVES Johor Baru before 6am every day and makes the hour-long journey to the Queen Street taxi terminal in Singapore.

  • Bangladesh, India sign trade deals, talk terror
    - Posted 02.10.09

    DHAKA – Bangladesh and India signed two deals on Monday to boost trade and discussed ways to prevent cross-border militant attacks, officials said. The pacts on bilateral trade and investment were signed after meetings between foreign ministers Pranab Mukherjee of India and Dipu Moni of Bangladesh. Mukherjee, on a short visit to Dhaka, said the […]