FacebookInstagramTwitterContact

 

Adelina’s family demands compensation           >>           GST to go up to 9%, hike expected to kick in between 2021 and 2025           >>           Fazura relates encounter with ‘pontianak’ on movie set           >>           Sergio Aguero appears to clash with Wigan fan on pitch           >>           Lionel Messi, Barcelona aren't invincible - Chelsea's Pedro           >>           Pep Guardiola plays down tunnel row, accepts Fabian Delph red card           >>           Selamat meluaran seorang putera           >>           Doa Kesyukuran sempena Puja Usia DPMM           >>           Riadah Berbasikal Semangat Kebangsaan, 25 Februari           >>           Bendera kecil meja diagihkan di Daerah Belait           >>          

 

SHARE THIS ARTICLE




REACH US


GENERAL INQUIRY

[email protected]

 

ADVERTISING

[email protected]

 

PRESS RELEASE

[email protected]

 

HOTLINE

+673 222-0178 [Office Hour]

+673 223-6740 [Fax]

 



Upcoming Events


Brunei Gastronomy Week
February 23rd, 2018 | 08:00 AM


Negara Brunei Darussalam 34th National Day
February 23rd, 2018 | 10:00 AM





Prayer Times


The prayer times for Brunei-Muara and Temburong districts. For Tutong add 1 minute and for Belait add 3 minutes.


Imsak

: 05:06AM

Subuh

: 05:16AM

Syuruk

: 06:35AM

Doha

: 06:57AM

Zohor

: 12:35PM

Asar

: 03:54PM

Maghrib

: 06:34PM

Isyak

: 07:44PM

 



The Business Directory


 

 



Xinhua News Agency


  Home > Xinhua News Agency


Singapore's GDP rises 2.5 pct in Q2


 


 July 14th, 2017  |  09:23 AM  |   874 views

SINGAPORE

 

 Singapore's Ministry of Trade and Industry announced on Friday morning its GDP grew 2.5 percent year-on-year in the second quarter of 2017, the same pace of growth as in the previous quarter.

     On a quarter-on-quarter seasonally adjusted annualized basis, the economy expanded 0.4 percent in the period, compared to a 1.9-percent decrease in the preceding quarter.  

     According to the ministry, Singapore's manufacturing sector saw a year-on-year rise of eight percent in the period, compared to an 8.5 percent rises in the first quarter of 2017. The growth was supported mainly by the electronics and precision engineering clusters, which saw robust expansions on the back of strong external demand for semiconductors and semiconductor manufacturing equipment respectively.

     On a quarter-on-quarter seasonally-adjusted annualized basis, the sector grew by 2.4 percent in April-June, compared to a 0.4-percent growth in the previous quarter.

     Singapore's construction sector contracted by 5.6 percent year-on-year in the second quarter, following a 6.1 percent decline in the first quarter. The ministry attributes the decline to a weakness in both private sector and public sector construction activities.

     On a quarter-on-quarter seasonally-adjusted annualized basis, the sector rebounded to grow by 4.3 percent in the second quarter, compared to a 14.4-percent contraction in the first quarter.

     The services producing industries grew 1.7 percent year on year in the second quarter, faster than the 1.4- percent growth in the previous quarter. Growth was supported mainly by the transportation and storage sector and the business services sector. On a quarter-on-quarter seasonally-adjusted annualized basis, the services producing industries expanded by 0.4 percent, a reversal from a 2.7-percent contraction in the first quarter.   Enditem

 


 

Source:
courtesy of XINHUA NEWS AGENCY

by Xinhua News Agency

 

If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]

 

Related News


Pitas Holds Longest CNY Festival

 2018-02-19 09:52:18

Terracotta Theft: Chinese Anger Over Stolen Warrior Thumb

 2018-02-20 09:17:26

Singapore Matches More Problems With More Money: Budget Snapshot

 2018-02-20 09:39:48