14 Apr '11, 12am

S'pore economy continues to grow

SINGAPORE: The Singapore economy continued to grow at a healthy pace in the first quarter of 2011. Releasing its flash estimates, the Trade and Industry Ministry (MTI) said the economy expanded by 8.5 per cent compared to the first quarter of last year. On a quarterly basis, the economy grew by 23.5 per cent. This is a strong improvement from the 3.9 per cent growth in the previous quarter. Growth was led by the manufacturing sector, which expanded by 13.9 per cent on year. MTI said this strong growth was driven by the electronics and precision engineering clusters, which benefited from a pick-up in business investment in the region The construction sector grew by 2.6 per cent, reversing the contraction of 2.0 per cent in the previous quarter. MTI said this mainly reflected an increase in building activities in the residential segment. The services producing industries als...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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[ST] Singapore economy up 8.5% in Q1

straitstimes.com 14 Apr '11, 3am

All sectors of the economy expanded, led by manufacturing, which grew 13.9 per cent. -- ST FILE PHOTO SINGAPORE'S economy ...

[ST] Singapore economy up 8.5% in Q1

straitstimes.com 14 Apr '11, 10pm

All sectors of the economy expanded, led by manufacturing, which grew 13.9 per cent. -- ST FILE PHOTO SINGAPORE'S economy ...

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