Singapore's economic growth may decline in the April-June period compared with the previous quarter because of the recently re-imposed coronavirus curbs, putting at risk the full-year target of more than 6 percent, experts have said.
Singapore (VNA) - Singapore'seconomic growth may decline in the April-June period compared with the previousquarter because of the recently re-imposed coronavirus curbs, putting atrisk the full-year target of more than 6 percent, experts have said.
Earlier, thesecond-quarter expansion was expected to be the biggest in the four quarters ofthis year.
Chief economist ofthe DBS Bank Taimur Baig said Singapore had the makings of domestic andexternal demand complementing each other through April, but May and June wouldbe setbacks, which may well cause a quarter-on-quarter decline in activities.
Last month, theMonetary Authority of Singapore (MAS) said the city-state’s GDP growth mayexceed the upper end of the official 4-6 percent forecast range, barring asetback to the global economy.
However, if the surge in communitycases is contained by the middle of next month and relaxation of the curbsfollows, the economy may still achieve a decent growth./.
Singapore has decided to lengthen the stay-home notice (SHN) period for travellers from higher-risk countries or regions to 21 days, instead of 14 days, in the context that the COVID-19 pandemic continues developing complicatedly, with the presence of many new variants.
All Changi Airport passenger terminal buildings and Jewel Changi in Singapore will be closed for two weeks to all members of the public from May 13, amid a rise in the number of COVID-19 cases linked to the airport.
All schools in Singapore will start full home-based learning (HBL) from May 19 until May 28 when the school term ends, amid a sharp spike in COVID-19 cases in the community, Minister of Education Chan Chun Sing has announced.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Illustrative image (Photo: Internet) 
