Lim Hng Kiang: We’re not heading for a recession
Speaking in Parliament today (15 Oct), Minister for Trade and Industry Lim Hng Kiang said Singapore economy is not heading for a recession and is on track for modest economic growth next year. This is despite the release of 3Q GDP growth figures by the Ministry of Trade and Industry (MTI) last Fri (12 Oct) showing a contraction...
Khaw: Strong demand for residential property in S’pore will continue to persist
In reply to questions on housing in Parliament today (15 Oct), Minister for National Development, Khaw Boon Wan said that ample global liquidity and low interest rates in recent years have contributed significantly to the strong demand for residential property, exerting upward pressure on property prices. He said to restore...
Current nuclear energy technology ‘not suitable for use in S’pore’
Second Minister for Trade and Industry S Iswaran said a pre-feasibility study has concluded that current nuclear energy technology is not suitable for use in Singapore despite the fact that the latest designs of nuclear power plants are much safer than older designs. The study began in 2010 and took 2 years to complete....
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