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The Editor

Raymond Han

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WHAT YOU SHOULD KNOW

Low Lying Areas In Singapore  Lists the flood-prone areas in Singapore.

Things you should know  Tells you things you need to be aware of - disasters, drowning cases, Hotel New World...

 

Weather: Meteorological Service Singapore     High & Low Tides

Yesterday     2003     2002     2001     2000     1999

Singapore Currency Notes      My E-mail Account

Performance of Singapore Economy in 1st qtr 2003

Overall Performance

Singapore’s economic growth slowed from 3.0% in 4Q02 to 1.6% in 1Q03. However, growth momentum (on an annualised quarter-on-quarter basis) inched up by 1.1% after a marginal increase of 0.4% in the previous quarter.

Sources of Growth

Total demand rose by 6.1% in 1Q03, higher than the 5.3% a quarter before. External demand, which hit a growth of 15%, was the key impetus to the improvement. Exports of manufactured goods, in particular chemicals and electronics, saw significant growth. The latter was boosted by higher exports of electronic valves.

Services exports also picked up substantially due to the strong performance in transportation, financial services and other business services. Meanwhile, the decline in private investments moderated to 2.7% due to the increase in aircraft investments.

Cutbacks in investments in machinery & equipment and nonresidential buildings, however, deepened. In addition, private consumption expenditure (PCE) rose by a mere 0.7% in the quarter, on account of lower spending on financial services and recreational goods.

Sectoral Performance

At the sectoral level, all major sectors worsened. The hotels & restaurants and transport & communications sectors decelerated significantly with the former reversing sharply to fall by 8.0%, largely due to the impact of the SARS in March (see Annex).

More.....

NEW WEB SITES

www.sars.gov.sg is the official SARS Web site in Singapore. It pools together SARS-related information from all Singapore Government sites and presents it for various local and foreign audiences. It also contains the latest SARS-related press releases and selected media articles.

Click New Web sites for the rest of the list.

We are now 5337 pages thick and growing.

Public Holidays NATIONAL DAY is the next public holiday. It falls on Saturday 9 August 2003.

 

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Tuesday
20 May 2003

Singapore Time