A strong tech recovery is lifting fourth-quarter manufacturing and GDP growth. Pharmaceuticals have also come back with a vengeance in the second half, after languishing in the first half.
There is reason to be optimistic because we are seeing some firming of COE prices, suggesting car sales are still quite strong. Given the buoyant economy and jobs growth, retail sales will hold up quite firmly in the fourth quarter.
Singapore being very open tends to be more sensitive.
There's no way any new government will want to push through privatization. Whatever the end game looks like, the paralysis in terms of economic policies is still a threat.
We think fourth-quarter GDP figure will be very weak. Car sales plunged following the very aggressive rate tightening and fuel subsidy cuts.
It's not really a broad-based slowdown. I find it difficult to be too alarmist.
It's not really a broad-based slowdown, ... I find it difficult to be too alarmist.
It held up very well across the board. Electronics did very well with the recovery in global demand.
It's saturated ... there is really not much more scope to invest in Singapore.
We started the year on a low note and we are ending the year on a high because all sectors bounced back.
