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Singapore Aug exports jump, but shipments to key markets slow SINGAPORE: Singapore's exports in August rose more than expected thanks to a jump in chemical product shipments, although exports to major markets slowed in a sign that the city-state's economy is being hobbled by an uneven global recovery. Non-oil domestic exports (NODX) increased 6.0 percent in August from a year earlier, trade agency International Enterprise Singapore said on Wednesday in a statement. That compared with a 2.6 percent growth forecast in a Reuters poll, and a 3.3 percent decline in July. On a month-on-month seasonally adjusted basis, NODX grew 7.6 percent, sharply above the forecast rise of 1.0 percent. Still, while the headline numbers handily beat expectations, largely due to a jump in pharmaceuticals and petrochemicals shipments, the overall data showed that Singapore's exports remained sluggish at best as sales to key markets slowed. NODX to the United States rose 5.1 percent in August from a year earlier, from 8.6 ...

Indonesia's loan growth continues slowing trend in July JAKARTA: Indonesia's loan growth in July slowed to 15.7 percent on a yearly basis, compared with 17.2 percent in June, the country's financial services authority, Otoritas Jasa Keuangan (OJK) said on Wednesday. Loan growth has been on a slowing trend since the central bank tightened monetary policy from June to November last year by raising the benchmark interest rate 175 basis points to 7.5 percent. Indonesia's broad money supply (M2) growth rose 11 percent in ...
Trade views in advanced, developing economies differ greatly: study WASHINGTON: Developing countries and advanced economies differ greatly in their level of "skepticism" towards international trade and foreign investment, a study of people across 44 countries revealed Tuesday.A median of 81 percent of those surveyed believed that international trade and global business ties were good things, according to a study by the US-based Pew Research Center.However, views on trade, jobs and wages varied greatly between nations, with people from advanced economies, in particular France, Italy, ...
Markets cheer $81bn China stimulus report SHANGHAI: A reported $81 billion injection into China's major banks is the first of a series of expected stimulus measures by Beijing to boost the world's second largest economy, analysts said Wednesday.Online portal Sina late Tuesday quoted financial institutions as saying the People's Bank of China (PBoC), the central bank, would channel 500 billion yuan ($81 billion) into the country's five biggest banks. The PBoC has not confirmed the move."We believe Beijing (is) to introduce ...
OECD unveils proposals to curb corporate tax avoidance LONDON: New international tax rules proposed on Tuesday could eliminate structures that have allowed companies such as Google Inc and Amazon.com Inc to shave billions of dollars off their tax bills.The Organisation for Economic Cooperation and Development (OECD) announced a series of measures that, if implemented by members, could stop companies from employing many commonly-used practices to shift profits into tax havens.Corporate tax avoidance has become a hot political topic following media coverage and parliamentary ...
US incomes nearly flat in 2013; poverty dips slightly WASHINGTON: The median US household income remained nearly flat at $51,939 in 2013 compared to the previous year, according to federal government data released on Tuesday that offered a key indicator of the country's economic well-being.Median household income rose just $180 from 2012, a statistically insignificant change, according to the U.S. Census Bureau's annual estimates on income, poverty and health insurance coverage.The nation's poverty rate was slightly lower at 14.5 percent last year compared to ...
US poverty rate falls for first time in seven years WASHINGTON: The share of Americans living in poverty fell last year for the first time since 2006, a sign an improving economy was finally trickling down to the country's least fortunate households.Still, the figures from the Census Bureau on Tuesday also showed the average person's income was essentially flat in 2013 when taking into account inflation, and 8 percent lower than in 2007 when the nation fell into recession.The report offered a mixed bag for ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln