Philip Chua Business Blog

Posts Tagged ‘Minister’

(SINGAPORE) Economists expect stronger year-on- year (yoy) growth for the final quarter of 2009, although a slump in biomedical output could trigger a quarterly contraction.

The government will announce the Q4 GDP advance estimate next Monday. But Prime Minister Lee Hsien Loong is expected to give an indication of Singapore’s 2009 economic performance and the outlook for 2010 in his annual New Y… more

FINANCE Minister Tharman Shanmugaratnam yesterday said the government will use every tool at its disposal ‘in a calibrated fashion’ to prevent boom and bust in the property market. One day after the Monetary Authority of Singapore served notice of further action to cool the housing market if needed, in the face of growing speculation risks, Mr Tharman spoke about the need to manage the property cy… more

(SINGAPORE) Go for higher growth and develop ‘real depths of capabilities’ in seven or eight areas. That, in a nutshell, is an economic strategy Finance Minister Tharman Shanmugaratnam sees for Singapore in the face of growing volatility.
‘Don’t go for a lower growth path for the sake of managing volatility. Go for a higher growth path but prepare our businesses and our workers well for the occas… more

SM wants distinctive S’pore with affordable property
Even as it competes with the best, it must not price itself out of the market

By EMILYN YAP

SINGAPORE) Senior Minister Goh Chok Tong yesterday painted his vision of Singapore as a vibrant, green and harmonious city for the next 25 years. He also underlined the importance of keeping property prices reasonable to achieve this dream.

Rents f… more

SINGAPORE’S economy is set on a course of continuing stabilisation, according to Prime Minister Lee Hsien Loong.
‘We do not expect another dip in the economy in the immediate future,’ he told a media briefing yesterday, ahead of next week’s Asia-Pacific Economic Cooperation (Apec) meetings here.
The fact that the economy grew by 0.8 per cent in the third quarter over the same period a year ago – t… more

THE Singapore economy has staged a stunning recovery since the second quarter and economists are unanimous that it will continue into 2010. The STI has jumped 86 per cent from its low on March 9 and the property market has turned frothy.
Yet, Finance Minister Tharman Shanmugaratnam announced in Parliament on Monday that he will present another big-spending budget next year, on the heels of the ext… more

(SINGAPORE) Finance Minister Tharman Shanmugaratnam yesterday said that even more money will be pumped into the economy through the 2010 government budget – in what some see as a suggestion that the current rebound will not hold up without support.
‘We are spending a lot more next year and the coming years compared to the past. If we take infrastructure alone, we are spending more,’ he told Parlia… more

ONE year on from the start of the global financial crisis, many lessons are being learnt amid the wreckage of what was once held to be conventional wisdom.
But it is important not to take the wrong lessons away from the turmoil, emphasised Finance Minister Tharman Shanmugaratnam, speaking at the fourth Russia-Singapore Business Forum yesterday.
The minister told some 600 Russian and Singaporean bu… more

‘WE cannot afford to have investors think the stock market is an extremely safe place where you’re sure to make money. Because it’s not – whatever we do, you can’t ensure that.’
This was said by then-deputy prime minister Lee Hsien Loong eight-and-a-half years ago in an interview with BT. It was March, 2001. 9/11 was still a fiendish plot in the making and Enron was still on Fortune magazine’s ‘10… more

SINGAPORE should prepare for the possibility of a sluggish world economy or even a double-dip recession next year, Finance Minister Tharman Shanmugaratnam cautioned yesterday.

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