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GE2025: Stunning victory for PAPGE2025: Stunning victory for PAP I refer to the CNA’s report, “GE2025: Stunning victory for PAP, winning 87 of 97 seats with higher national vote share in PM Wong's first electoral test” (May 4). GE2025 has clearly delivered the following key messages/notes from the vast majority of voters: The Workers’ Party (WP) has done a fantastic good...

This is not a game of cardsThis is not a game of cards I can appreciate parties wanting to hold their cards close to their chest, but the smoke and mirrors games on nominations day, the shuffling of the DPM from a seat he had openly been declared to be defending, and other ministers shuffling constituencies leaves one feeling the PAP thinks it is playing a game of cards. Constituency...

Is a Parliament full of PAP MPs really better for Singaporeans?Is a Parliament full of PAP MPs really better for Singaporeans? I refer to The Online Citizen GE2025 news report, “Lee Hsien Yang: Is a Parliament full of PAP MPs really better for Singaporeans?” - (April 14), and “The Straits Times’ report, “GE2025: Singaporeans will go to the polls on May 3, Nomination Day on April 23” (April 15), and The Online Citizen GE2025 report,...

𝐈𝐧𝐜𝐨𝐦𝐩𝐞𝐭𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐧𝐞𝐞𝐝 𝐟𝐨𝐫 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲𝐈𝐧𝐜𝐨𝐦𝐩𝐞𝐭𝐞𝐧𝐜𝐞 𝐚𝐧𝐝... Is the PAP of today exceptional, with unmatched competence and delivery? Afterall, that is their justification for the highest salaries in the world. Let’s look at its more recent track record. Large numbers of NRIC numbers were recently unmasked, leaving Singaporeans exposed to identity theft, fraud, abuse and scams....

GE2025: Red Dot United to contest in Holland-Bukit TimahGE2025: Red Dot United to contest in Holland-Bukit Timah I refer to the CNA news, “GE2025: Red Dot United to contest in Holland-Bukit Timah GRC but may make way for Singapore Democratic Party” (April 10), “More opposition 'star catches' are emerging. Is Singapore's political scene maturing?” (April 10) and “PSP says government response to Trump tariffs 'overblown',...

GE2025: Why Singapore's high-flying bureaucrats are recruited into politicsGE2025: Why Singapore's high-flying bureaucrats are recruited... I refer to CNA’s news, “GE2025: Why Singapore's high-flying bureaucrats are recruited into politics” (Mar 28). It is not surprised to notice that in recent weeks, two NMPs and top ministry officials have resigned, fuelling speculation they could be fielded as potential candidates for the ruling People's Action...

More than 2.75 million Singaporeans eligible to vote in GE2025More than 2.75 million Singaporeans eligible to vote in GE2025 I refer to The CNA’s News, “GE2025: More than 2.75 million Singaporeans eligible to vote” (Mar 25). As Singapore’s General Election is due to be held within this year, the following factors will more or less influence the election situation this year: A)The general mentality of voters Voters are generally...

How the end of Ukraine war could be secured, even with waning US supportHow the end of Ukraine war could be secured, even with waning... I refer to the CNA’s commentaries, “How the end of Ukraine war could be secured, even with waning US support” (Mar 4), “Lessons from the Trump-Zelenskyy meltdown- for friends and foes” (Mar 1) and “Will Trump tariffs push China to change economic tack?” (Mar 3). Foremost, we need to recognise the reality...

Singapore Army Recruits Deserve a Minimum WageSingapore Army Recruits Deserve a Minimum Wage Singapore Army Recruits Deserve a Minimum Wage: National Service Should Not Come at the Expense of Opportunity Costs Singapore’s National Service (NS) has long been a cornerstone of the nation’s defense, requiring young men to dedicate two years of their lives to military, civil defense, or police service. While...

Trump-Putin deal on Ukraine will be Europe’s moment of reckoningTrump-Putin deal on Ukraine will be Europe’s moment of... I refer to the CNA’s Commentaries, “Trump-Putin deal on Ukraine will be Europe’s moment of reckoning” (Feb 20) and “Ukraine can survive with the ‘least worst’ peace” (Feb 22). Now, In the eyes of European Union, they have lost trust and confidence in the United States, it is solely due to the flip flop...

From Deepseek to Huawei, US tech restrictions on China are backfiringFrom Deepseek to Huawei, US tech restrictions on China are... I refer to the CNA’s Commentary, “From Deepseek to Huawei, US tech restrictions on China are backfiring” (Jan 31). Would it be practical, useful and effective for the United States to continually pursue an aggressive containment strategy to hobble China’s tech push? Undoubtedly, the answer is obviously not. There...

Don't get distracted by Trump's outlandish Cabinet picksDon't get distracted by Trump's outlandish Cabinet picks I refer to the CNA’s Commentary: “Don't get distracted by Trump's outlandish Cabinet picks” (Nov 25), and “'No one will win a trade war’, China says after Trump tariff threat” (Nov 26). As everyone knows, U.S. President-elect Donald Trump will return to power on January 20, 2025. Trump has dismissed...

Putin escalates Ukraine warPutin escalates Ukraine war I refer to The CNA’s Commentary: “Putin escalates Ukraine war by a step, not a leap, with missile experiment” (Nov 23). Foremost, Zelenskyi’s intention to join Nato has greatly threatened the security and survival of Russia. Hence, Zelenskyy has offended Putin and Putin has no choice but to launch a war with...

Will PM Wong address the astronomical ministerial salaries?Will PM Wong address the astronomical ministerial salaries? I refer to The TR-Emeritus opinion article, “Will PM Wong address the astronomical ministerial salaries” (June 14) by Mr Yoong Siew Wah. It has always been a controversial topic which concerns about our top political leaders who receive their salaries that are many times higher than those foreign political leaders. Our...

Supporting Chee Soon Juan's caféSupporting Chee Soon Juan's café I refer to The Independent Singapore’s news, “Singaporeans urged to support Chee Soon Juan's café despite their political preferences” (July 16). The underlying objective of doing any business is to ensure it is viable and profitable. Otherwise, there is no point of undertaking risk for it. It is natural for...

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Editorials
Strong hailstorm strikes China's Xi'an causing airport...

Strong hailstorm strikes China's Xi'an causing airport...

On the evening of May 8, Xi’an, the capital city of China’s Shaanxi Province, was struck by a powerful...
Four parties lost their election deposits in GE2025

Four parties lost their election deposits in GE2025

A total of four opposition parties, the Singapore United Party (SUP), People's Power Party (PPP), People’s...
Level 16 super typhoon devastates multiple cities in...

Level 16 super typhoon devastates multiple cities in...

Northern China was hit by an extreme weather event on Thursday as a massive cold front swept south, colliding...
Level 15 winds destroy buildings rooftops and cause...

Level 15 winds destroy buildings rooftops and cause...

On April 30, northern China was struck by an extreme weather event as a massive cold vortex surged southward,...
TR Emeritus to 'shut-up' on 2nd May 2025

TR Emeritus to 'shut-up' on 2nd May 2025

Please be informed that TR Emeritus (TRE) will shut down its comment function site-wide at 0000 hours...
Chaos in China as extreme storm destroys homes and...

Chaos in China as extreme storm destroys homes and...

Beijing’s 22 million residents were asked to stay indoors on Saturday, as powerful winds swept across...
China, Thailand, and Myanmar in ruins after devastating...

China, Thailand, and Myanmar in ruins after devastating...

On March 28, 2025, a devastating 7.7-magnitude earthquake struck central Myanmar near Mandalay, causing...
Myanmar 7.7 earthquake collapses buildings in Thailand,...

Myanmar 7.7 earthquake collapses buildings in Thailand,...

A powerful 7.7 magnitude earthquake struck central Myanmar on March 28, 2025, causing widespread panic...
Beijing shocked by earthquake and mega sandstorm

Beijing shocked by earthquake and mega sandstorm

Since March 24, 2025, northern China has been battling extreme weather as a massive sandstorm swept through...
Mega hail causes mass destruction in Fujian and Guangdong

Mega hail causes mass destruction in Fujian and Guangdong

An unexpected and severe hailstorm struck multiple cities in Guangdong and Fujian between March 3 and...
Extreme weather struck multiple regions in China

Extreme weather struck multiple regions in China

On March 2, 2025, extreme weather struck multiple regions in China, with parts of Henan province experiencing...
Happy Chinese New Year 2025

Happy Chinese New Year 2025

Wishing all our Chinese readers:     Team@TR Emeritus  
Huge snow caused numerous disruptions on China's major...

Huge snow caused numerous disruptions on China's major...

As the Chinese New Year approaches, millions of people across the country are making their annual journey...
The rapidly spreading HMPV virus you haven’t heard...

The rapidly spreading HMPV virus you haven’t heard...

Human Metapneumovirus (HMPV) is making headlines as cases surge, especially among children and vulnerable...
4.1 magnitude earthquake shakes Shanxi's Linfeng city

4.1 magnitude earthquake shakes Shanxi's Linfeng city

On the evening of January 10, 2025, Linfen City in Shanxi Province was struck by an earthquake. The tremor,...
7.8 magnitude earthquake devastates Tibet

7.8 magnitude earthquake devastates Tibet

A magnitude 7.1 earthquake has hit Tibet, in the region of Shigatse, which is near the border with Nepal. According...
Outbreak of mystery virus in China

Outbreak of mystery virus in China

China is r eportedly facing a new health crisis as the human metapneumovirus (HMPV) outbreak rapidly...
Unknown Virus Rampages in China; Hospitals Utterly...

Unknown Virus Rampages in China; Hospitals Utterly...

A blogger in China has shared a video, claiming that this isn’t China’s Spring Festival travel rush;...
Opinions
Cutting down reliance on US military equipment

Cutting down reliance on US military equipment

There is a rampant rumor going around that claims Egypt has ordered 48 J10C with a price tag of USD$25B...
2025大选—明确授权,变化中的政治格局

2025大选—明确授权,变化中的政治格局

2025年大选结果无可争议,政府再次赢得了强有力的授权,稳固了其在新加坡政治格局中的主导地位。尽管选举结果并不令人意外,但胜利的过程却并非没有争议和复杂性。 值得注意的是,选区划分的变化在本次选战中发挥了重要作用。陈清木医生与徐顺全医生等资深反对派人物,因选区重划而受到显著影响——传统支持基础被分割或并入他区,无疑左右了某些关键选区的最终结果。虽然选区调整在新加坡选举历史上并不罕见,但其公平性与透明度仍持续引发讨论。 工人党虽稳守东北区的传统堡垒,但未能在本届大选中攻下新的选区。不过,该党仍获得两个非选区议员(Ncmp)席位,虽属安慰性质,却在象征意义上维持了国会内多元声音的存在。 更值得关注的是,本届大选所处的人口背景正经历剧烈变化。新加坡人口从2000年的约300万增长至2025年的超过500万。考虑到多年来出生率持续偏低,这一增长几乎可以肯定主要归因于移民流入,尤其可能在华人群体中增长显著。这一趋势对国家的社会结构和政治生态产生了深远影响。 展望2030年大选,各政党不仅要面对一如既往的选区调整与突发的全球事件,更需正视一个不断演变的社会结构。随着越来越多新移民成为国民,选民构成日益多元,政党在政策制定与信息传递上必须更具包容性与前瞻性。他们必须同时争取老一代公民与新加坡新公民的认同,回应共同关切,并跨越代际与文化差异的鸿沟。 在新加坡持续向前迈进的过程中,其政治也必须与时俱进——反映日益多元的人口现实,同时坚守国家的核心价值观:团结、韧性与务实。 Cwc-Ai
A jaw-dropping election

A jaw-dropping election

This is a jaw-dropping election. For the opposition. SDP’s Dr Chee and PSP’s Leong were deeply disappointed....
The Nation has rejected multi-party Parliamentary representation

The Nation has rejected multi-party Parliamentary representation

Our party suffered great losses and I personally have suffered the greatest hit. But these personal losses...
A False Analogy That Insults the Intelligence of Singaporeans

A False Analogy That Insults the Intelligence of Singaporeans

Minister Ong Ye Kung’s recent assertion that a “co-driver” bears no responsibility if a car crashes...
There is a cost to losing

There is a cost to losing

There is a cost to losing. At least in PAP’s books. And one of the costs is a policy of priority. That...
Hougang Belongs to the People

Hougang Belongs to the People

Thank You for the Reminder, Mr Marshall Lim. It is with no small measure of amusement that one reads...
Its all about trust

Its all about trust

Dr Ng Eng Hen from PAP has pointed out the most important key point about this General Elections, it...
Misunderstanding What Singaporeans Truly Expect from...

Misunderstanding What Singaporeans Truly Expect from...

The government's repeated assertion that it is "easy for the opposition to ask the government to give...
Punggol GRC

Punggol GRC

Punggol GRC is without question one of the most hotly watched, followed and contested constituency in...
Should Singapore Be Concerned About David Neo’s “Action-Takers,...

Should Singapore Be Concerned About David Neo’s “Action-Takers,...

Singaporeans should pause and reflect on the recent remark by PAP candidate David Neo, who said that...
Why Singaporeans Must Reconsider the Dismissal of SDP’s...

Why Singaporeans Must Reconsider the Dismissal of SDP’s...

The Singapore government’s blunt assertion that the Singapore Democratic Party (SDP)’s proposals...
Expect the exchange of barbs in politics

Expect the exchange of barbs in politics

In a political contest, expect the exchange of barbs. And we do not lack any of it in the rallies held...
Don't Be Swayed by the Noise—Think Critically Before...

Don't Be Swayed by the Noise—Think Critically Before...

In recent weeks, the political buzz in Singapore has reached a new high. Massive crowds at opposition...
We vote whoever is deserving of our vote

We vote whoever is deserving of our vote

I am surprised that Lee Hsien Loong chose to remind us of the 1997 shameful episode when he, his father...
The Case for a Diverse and Balanced Parliament

The Case for a Diverse and Balanced Parliament

The Singapore government has recently stated that "Good government needs good people" and cautioned against...
None of the PAP labour MPs rose to speak when Parliament...

None of the PAP labour MPs rose to speak when Parliament...

I was truly flabbergasted when I learned from one of Pritam Singh's (PS) recent rally video clips that...
A Regrettable Incident and a Timely Call for Reform

A Regrettable Incident and a Timely Call for Reform

The recent racial slur made by a Singapore Democratic Party (SDP) member during the General Election...
Letters
GE2025: Stunning victory for PAP

GE2025: Stunning victory for PAP

I refer to the CNA’s report, “GE2025: Stunning victory for PAP, winning 87 of 97 seats with higher...
Is a Parliament full of PAP MPs really better for Singaporeans?

Is a Parliament full of PAP MPs really better for Singaporeans?

I refer to The Online Citizen GE2025 news report, “Lee Hsien Yang: Is a Parliament full of PAP MPs...
GE2025: Red Dot United to contest in Holland-Bukit...

GE2025: Red Dot United to contest in Holland-Bukit...

I refer to the CNA news, “GE2025: Red Dot United to contest in Holland-Bukit Timah GRC but may make...
GE2025: Why Singapore's high-flying bureaucrats are...

GE2025: Why Singapore's high-flying bureaucrats are...

I refer to CNA’s news, “GE2025: Why Singapore's high-flying bureaucrats are recruited into politics”...
More than 2.75 million Singaporeans eligible to vote...

More than 2.75 million Singaporeans eligible to vote...

I refer to The CNA’s News, “GE2025: More than 2.75 million Singaporeans eligible to vote” (Mar...
How the end of Ukraine war could be secured, even with...

How the end of Ukraine war could be secured, even with...

I refer to the CNA’s commentaries, “How the end of Ukraine war could be secured, even with waning...
Singapore Army Recruits Deserve a Minimum Wage

Singapore Army Recruits Deserve a Minimum Wage

Singapore Army Recruits Deserve a Minimum Wage: National Service Should Not Come at the Expense of Opportunity...
Trump-Putin deal on Ukraine will be Europe’s moment...

Trump-Putin deal on Ukraine will be Europe’s moment...

I refer to the CNA’s Commentaries, “Trump-Putin deal on Ukraine will be Europe’s moment of reckoning”...
Snippets
What are the most popular hobbies in Singapore in 2025?

What are the most popular hobbies in Singapore in 2025?

As work-life balance remains a constant talking point in the fast-paced city-state of Singapore, residents...
10 Most Popular Mobile Games in Singapore

10 Most Popular Mobile Games in Singapore

Singaporeans can't get enough of their phones these days, spending tons of time battling opponents, building...
Langkawi to Koh Lipe Ferry: Complete Travel Guide

Langkawi to Koh Lipe Ferry: Complete Travel Guide

Planning a tropical escape from Malaysia to Thailand? The journey from Langkawi to Koh Lipe offers a...
This is not a game of cards

This is not a game of cards

I can appreciate parties wanting to hold their cards close to their chest, but the smoke and mirrors...
𝐈𝐧𝐜𝐨𝐦𝐩𝐞𝐭𝐞𝐧𝐜𝐞 𝐚𝐧𝐝...

𝐈𝐧𝐜𝐨𝐦𝐩𝐞𝐭𝐞𝐧𝐜𝐞 𝐚𝐧𝐝...

Is the PAP of today exceptional, with unmatched competence and delivery? Afterall, that is their justification...
The sleep science revolution in elite sports

The sleep science revolution in elite sports

Professional sports have entered a new era where recovery science directly impacts performance outcomes....
Sports Betting in Online Casinos as a Way to Improve...

Sports Betting in Online Casinos as a Way to Improve...

In today's world, online sports betting has become not only a popular form of entertainment but also...
Opportunities and features of artificial intelligence...

Opportunities and features of artificial intelligence...

Today, artificial intelligence and neural networks have become a widespread phenomenon, bringing people...
Sticky & Recent Articles

ST’s interview with Dr Lim Hock Siew: Still dreaming of a socialist Singapore

ST’s interview with Dr Lim Hock Siew: Still dreaming of a socialist Singapore

By Cai Haoxiang from Straits Times IT IS a sweltering day as you walk by the row of repainted shophouses along Balestier Road. As you push open the glass doors and duck inside for a welcome draught of air-conditioning, you meet a group of elderly patients waiting expectantly to see their family doctor. The name on the door plate of his office may not ring a bell for the young but to older Singaporeans, it jumps right out of Singapore's turbulent political history: Dr Lim Hock Siew. Enter his simply furnished room, and you see him at a desk stacked with books, stationery and newspapers. An eye chart is pasted on a glass cabinet displaying photos of him as a dashing young man. The 79-year-old doctor, in his white long-sleeved shirt, greets you with a soft, occasionally wheezing, yet otherwise firm voice. He is not in the best of health, having suffered kidney failure last year and taken a six-month break to recuperate. As he is undergoing dialysis three times a week, he would have preferred to extend his break except that his clinic partner, Dr Mohd Abu Bakar, 76, was overwhelmed by the patient load. So he returned to half-day work last month, seeing around 30 patients every morning, and plans to do so as long as his health permits. 'It's kind of an ethical obligation to look after them, and I can keep myself mentally occupied,' he says. The name of his clinic harks back to his socialist days as a political activist, first with the People's Action Party (PAP) and then with its arch rival, Barisan Sosialis. It is called Rakyat, which means 'people' in Malay. It was set up by Dr Lim and fellow Barisan Sosialis leader Dr Poh Soo Kai in 1961. Its consultation fees are no different from other clinics' - $20 to $30. But Dr Lim charges a reduced rate for poorer patients and gives free treatment to the neediest. 'I don't deny help to those who need it,' he says. Dr Lim's sense of compassion and empathy for the poor is well known. At a time when the unprofessional and unethical practices of some doctors are hogging the headlines, the mere mention of Dr Lim's name evokes hushed respect among his peers. Even pro-PAP Singaporeans who would be horrified by the prospect of a Barisan Sosialis government admit to having a grudging admiration for Dr Lim as a man who has the courage of his convictions. Dr Vivian Balakrishnan, Minister for Community Development, Youth and Sports, once singled out Dr Lim as a politician he admired for his strength of character and ability to sacrifice for his beliefs. Like many of his former leftist colleagues, Dr Lim feels compelled to give his side of the story before time runs out. In recent years, a cottage industry has sprung up providing alternative histories of Singapore. Books included memoirs by former communist underground leader Fang Chuang Pi, former Barisan Sosialis leader Fong Swee Suan and former Parti Rakyat Singapura leader Said Zahari. Just three months ago, the Fajar Generation, a book on the University Socialist Club (USC) of the then-University of Malaya, was launched. In a nutshell, Dr Lim's is a story of how an idealistic student activist joined and campaigned for the PAP in the 1950s and then fought against the ruling party in the 1960s and paid a very heavy price for his beliefs and convictions. In 1963, he was arrested under Operation Cold Store and detained without trial for nearly 20 years before he was released in 1982. A Home Affairs Ministry statement on his release had said that he was arrested under the Internal Security Act for his involvement in Communist United Front (CUF) activities. Dr Lim refused to agree to any conditions that would have granted him early release and ended up in the record book as the second longest-held political prisoner after his leftist colleague Chia Thye Poh, who served 23 years. Today, 28 years after his release, he still dreams of a socialist Singapore in which there is no exploitation of workers and the oppressed. Read rest of article on Straits Times  Read More →

Singapore’s “incorruptibility”: A strength of its system?

Singapore’s “incorruptibility”: A strength of its system?

OPINION Singapore's low level of corruption as measured by its third place ranking on Transparency International's Corruption Perception Index in 2009 is often attributed to both the incorruptibility of its leaders as well as the strength of its institutions. In fact, Singapore is the only non-democratic state among the thirty least corrupt nations in the world, an anomaly among developed nations. It seems to defy the global pattern that democracies tend to occupy much lower rankings on the corruption scale than autocratic ones which is not surprising as there are more checks and balances within democracies to hold the political elite accountable to the people. As a result, Singapore is often quoted as a shining example that a country can attain high standards of public governance comparable to democratic states under a "benign despot" too. On closer look, one will realize that Singapore's success in combating corruption is not due to the strength of its institutions but to a strongman who adopted an uncompromising stance against corrupted practices right from the very beginning. The first prime minister of Singapore Lee Kuan Yew had taken tough actions to eradicate corruption upon assuming power in 1959. Harsh laws were put in place to punish offenders and to deter others from doing so. Even a few ministers from his cabinet were not exempted either with one committing suicide while under investigation for corruption. History has shown that it is entirely possible for corruption to be tackled effectively under a strong, determined and bold leader who showed no mercy towards anybody found guilty of corruption. The third Emperor of the Qing dynasty, Emperor Yong Zheng is one classic example. Like Lee, Emperor Yong Zheng displayed a ruthless streak in tackling the rampant corruption in his administration. Many officials were executed, banished and jailed during his reign for misappropriating public funds including his own relatives and trusted aides. In a short span of 13 years, he managed to bring the perennial problem of corruption which plagued his father the Emperor Kangxi under control, not a mean feat in a such a vast and complex country like China. China was a feudal dynasty and surely it would have been ranked highly by Transparency International had it existed then, but its rare accomplishment was short-lived as it is personality-based rather than system-based. After the demise of Emperor Yong Zheng in 1735 A.D., corruption raised its ugly head again within a few years during the reign of his son the Emperor Qianlong. One of his favorite officials He Shen amassed so much wealth from corruption that he was richer than the Emperor himself! While Singapore's low level of corruption can be maintained so long Lee is around, questions must be raised whether Singapore has the system in place to combat corruption after he is gone. The greatest single flaw in the Singapore system lies in the over-concentration of power in the hands of a few people within the ruling party itself. The Corruption Practices Investigation Bureau (CPIB) lies directly under the purview of the Prime Minister's Office. The PAP not only dominates Parliament, but controls all important institutions of the state as well - from the police, media, civil service, grassroots organizations to trade unions. There is no opposition to check on the PAP. Neither can the enfeebled and apathetic citizenry hold it accountable as a series of repressive laws are put in place to curtail the political and civil rights of the people. The end result is a ticking time bomb: if a Chen Shui Bian were to assume power one day, there will be no way Singaporeans can remove him from power. The drawback of Singapore's system is evident in the disastrous loss in national reserves suffered by its two sovereign wealth funds GIC and Temasek Holdings. In any democratic states, an independent Commission of Inquiry will probably be convened to investigate the losses and the results released to the public. To this day, Singaporeans are still kept in the dark on the real extent of losses. Urgent political reforms are needed to ensure more checks and balances within the system to promote the good practices of public governance such as accountability, transparency and competency. Singaporeans should not trust their leaders blindly. Without a free press to expose their wrong-doings, an opposition to hold them accountable and laws to compel them to release confidential information to the public, we will have to take Singapore's third place ranking by Transparency International with a pinch of salt.  Read More →

Singapore economy to grow up to 6.5% this year: govt

Singapore economy to grow up to 6.5% this year: govt

By Mustafa Shafawi from Channel News Asia Singapore on Friday raised its economic growth forecast this year as countries that buy most of its exports emerge from recession. The upgrade from 3.0-5.0 percent to 4.5-6.5 percent came after economic growth gathered pace in the fourth quarter, allowing the economy to contract by a slower-than-predicted 2.0 percent for 2009, the Ministry of Trade and Industry said. But the ministry said the outlook is fraught with uncertainty, especially in the second half of the year with the recovery in the United States, Europe and Japan expected to be weaker. Debt risks in some European countries are also potential minefields for economic growth, it said. "The Ministry of Trade and Industry expects the Singapore economy to grow by 4.5 to 6.5 per cent in 2010. This upgrade from the earlier 3.0 to 5.0 per cent forecast largely reflects increased strength in the near term growth momentum," the ministry said in a statement. "Major economies around the world have emerged from recession. Financial markets have stabilised and trade flows and industrial production have also picked up strongly. "Asia should experience a strong recovery, but the pace of the rebound in the United States, Europe and Japan, collectively called the G3 countries, is likely to be weaker. "In addition, several downside risks remain, including sovereign debt risks (especially in Europe) and asset price inflation in Asia. These factors could weigh on the pace of growth in major economies, especially in the later part of 2010," the ministry said. Read rest of article on Channel News Asia  Read More →

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