This week is hrm tutorial 3 presentation. Can we jump out from red ocean to blue ocean?
- wong chee tat :)
Monday, October 12, 2009
HRM Presentations
This week is hrm tutorial 3 presentation. Can we jump out from red ocean to blue ocean?
- wong chee tat :)
Singapore raises full-year GDP forecast to between -2.5% and -2%
Singapore raises full-year GDP forecast to between -2.5% and -2%
By Mok Fei Fei, 938LIVE
Posted: 12 October 2009 0815 hrs
SINGAPORE: Singapore has raised its full-year gross domestic product or GDP forecast for this year. It now expects a contraction of between 2.5 and 2 per cent, a significant improvement from its previous contraction of between 4 and 6 per cent.
According to the advance estimates released by the Trade and Industry Ministry (MTI), third quarter GDP grew by 0.8 per cent on-year. It is the first year-on-year growth since the onset of the recession.
Compared to the previous quarter, third quarter GDP again sustained a double-digit growth of 14.9 per cent. That follows a 22 per cent on-quarter expansion in the previous quarter.
MTI said growth was driven by the continued expansion of biomedical and electronics manufacturing output. Improvements in the trade-related and tourism sectors of the economy on the back of a gradual stabilisation in global economic conditions also aided the recovery.
The manufacturing sector expanded by 35 per cent on a seasonally-adjusted quarter-on-quarter annualised basis, slower than the 59 per cent growth in the previous quarter.
MTI attributed the increase primarily to a continued surge in the production of higher value active pharmaceutical ingredients in the biomedical manufacturing cluster.
The electronics cluster also grew, due to continued restocking activities and uptick in consumer demand for electronic devices. But the construction sector declined by 0.6 per cent, compared to an expansion of 33 per cent in the previous quarter.
Slower construction activity for industrial building projects led to the decline.
The services producing industries also expanded by 9.5 per cent on a seasonally-adjusted quarter-on-quarter annualised basis.
Going forward, MTI expects a clear but modest recovery for the global economy, for which Singapore's economic prospects is closely tied to.
- 938LIVE/so
- wong chee tat :)
By Mok Fei Fei, 938LIVE
Posted: 12 October 2009 0815 hrs
SINGAPORE: Singapore has raised its full-year gross domestic product or GDP forecast for this year. It now expects a contraction of between 2.5 and 2 per cent, a significant improvement from its previous contraction of between 4 and 6 per cent.
According to the advance estimates released by the Trade and Industry Ministry (MTI), third quarter GDP grew by 0.8 per cent on-year. It is the first year-on-year growth since the onset of the recession.
Compared to the previous quarter, third quarter GDP again sustained a double-digit growth of 14.9 per cent. That follows a 22 per cent on-quarter expansion in the previous quarter.
MTI said growth was driven by the continued expansion of biomedical and electronics manufacturing output. Improvements in the trade-related and tourism sectors of the economy on the back of a gradual stabilisation in global economic conditions also aided the recovery.
The manufacturing sector expanded by 35 per cent on a seasonally-adjusted quarter-on-quarter annualised basis, slower than the 59 per cent growth in the previous quarter.
MTI attributed the increase primarily to a continued surge in the production of higher value active pharmaceutical ingredients in the biomedical manufacturing cluster.
The electronics cluster also grew, due to continued restocking activities and uptick in consumer demand for electronic devices. But the construction sector declined by 0.6 per cent, compared to an expansion of 33 per cent in the previous quarter.
Slower construction activity for industrial building projects led to the decline.
The services producing industries also expanded by 9.5 per cent on a seasonally-adjusted quarter-on-quarter annualised basis.
Going forward, MTI expects a clear but modest recovery for the global economy, for which Singapore's economic prospects is closely tied to.
- 938LIVE/so
- wong chee tat :)
MAS keeps policy stance for Singdollar
MAS keeps policy stance for Singdollar
Posted: 12 October 2009 0828 hrs
SINGAPORE: The Monetary Authority of Singapore (MAS) said on Monday it will maintain its current policy of zero appreciation of the Singapore dollar.
It said it will continue to be vigilant over developments in the external environment, including the medium-term risk of stronger global inflationary pressures.
Looking ahead, the central bank said the Singapore economy is not expected to sustain the strong pace of expansion seen in second and third quarter of this year.
While prospects for the external economies have improved, final demand in Singapore's key export markets, including IT products, has yet to recover decisively.
Significant challenges remain in the transition to private sector-driven growth as governments prepare to exit from their expansionary policies.
Household spending, particularly in the US, continues to be constrained by weak labour market, sluggish income growth and lower housing wealth. Businesses also remain cautious in their investment decisions.
Against this backdrop, the Singapore economy is likely to settle at a more gradual pace of expansion.
MAS said gross domestic product (GDP) growth in 2010 is expected to be slower than in previous post-recession periods. Consumer price index (CPI) inflation is likely to be around 0 per cent in 2009, before rising to 1 to 2 per cent in 2010.
- CNA/so
Posted: 12 October 2009 0828 hrs
SINGAPORE: The Monetary Authority of Singapore (MAS) said on Monday it will maintain its current policy of zero appreciation of the Singapore dollar.
It said it will continue to be vigilant over developments in the external environment, including the medium-term risk of stronger global inflationary pressures.
Looking ahead, the central bank said the Singapore economy is not expected to sustain the strong pace of expansion seen in second and third quarter of this year.
While prospects for the external economies have improved, final demand in Singapore's key export markets, including IT products, has yet to recover decisively.
Significant challenges remain in the transition to private sector-driven growth as governments prepare to exit from their expansionary policies.
Household spending, particularly in the US, continues to be constrained by weak labour market, sluggish income growth and lower housing wealth. Businesses also remain cautious in their investment decisions.
Against this backdrop, the Singapore economy is likely to settle at a more gradual pace of expansion.
MAS said gross domestic product (GDP) growth in 2010 is expected to be slower than in previous post-recession periods. Consumer price index (CPI) inflation is likely to be around 0 per cent in 2009, before rising to 1 to 2 per cent in 2010.
- CNA/so
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