Singapore’s budget for 2020 seeks to chart a steady path amid the coronavirus outbreak and global uncertainties with a SGD 106 billion financial plan.
Tag: Economy
India world’s fifth largest economy in 2019, overtaking the UK and France: Report
According to an independent United States-based think tank report, India emerged as the world’s fifth largest economy, overtaking the United Kingdom and France in 2019.
Singapore revises GDP forecast amid global uncertainties and COVID-19 outbreak
The Ministry of Trade and Industry (MTI) has downgraded Singapore’s GDP growth forecast to “-0.5 to 1.5 per cent”.
Davos: Priyanka Chopra calls for a world where ‘a woman’s ability to succeed is a basic right’
Deepika Padukone was not the only Bollywood star at the World Economic Forum (WEF) in Davos. On Tuesday, Priyanka Chopra took part in a fireside chat with many renowned figures and shared snippets from her session as well as the meet and greet with guests.
IMF lowers Indian growth estimate for 2019, also cuts global growth rate
The International Monetary Fund (IMF) on Monday lowered the growth estimate for India to 4.8 per cent for 2019, a cut of 1.3 per cent in just three months. Stress in the non-bank financial sector and weak rural income growth were some of the major factors for the downward revision, it stated.
Strong investments in Singapore for year 2019 despite global uncertainties
Despite global uncertainties including the US-China trade war and Brexit, the Singapore Economic Development Board secured investment commitments in 2019 that exceeded its forecast.
How much will Brexit cost the UK economy? Over GBP 200 billion, estimates this report
With an expensive Brexit looming on the horizon, business analysts estimate that the costs to the British economy have already passed the total contributions made to the European Union from Britain since 1973.
In slowest growth rate in a decade, Singapore’s economy grew 0.7% in 2019
Singapore’s economy grew 0.7 per cent in 2019, with a 0.8 per cent growth on a year-on-year basis in the fourth quarter of 2019.
Singapore Budget 2020 to be delivered on February 18
Singapore’s FY2020 Budget Statement will be delivered on Tuesday, February 18, in the parliament by Minister for Finance, Heng Swee Keat.
Trade war means less buoyancy for rest of the world, says PM Lee at Forbes Global CEO Conference
The US-China trade war results in fewer opportunities for Singapore companies to invest in China and export to America, or to invest in America and do business with China, said Singapore’s Prime Minister Lee Hsien Loong.
