NewsCase StudiesEvents

Singapore’s economic growth increased by 15.2%

Also in the news...

Paul Beare Wins IR Global Member Of The Year

Paul Beare has been named Member of the Year at this year’s IR Global Conference in Amsterdam.

The Biggest Problem With Running A UK Payroll

We explore the biggest problem with running a UK payroll, together with the required functions of payroll calculations and net salary.

Taking It For Granted: How The UK Government Helps Growing Firms

In the UK, a number of government agencies offer a range of grants to help smaller firms to grow and prosper. The grants are typically designed to support innovation, encourage job creation, and underpin growth. In the last few years, a number of new initiatives have emerged, including grants aimed at boosting green technology and digital transformation.

Start-ups Wasting Over 2 Weeks And £37 Billion A Year On Admin

UK start-ups and microbusinesses are wasting over two working weeks every year on admin tasks, including managing mobile phone contracts, choosing energy providers, and buying insurance – according to new research.

The Costs For International Businesses Employing In The UK

In an ever-globalising business landscape, expanding operations to the United Kingdom can be a strategic move for international companies seeking new opportunities.

Singapore’s economic growth increased by 15.2%

Back to News

Data from the Ministry of Commerce showed that in the second quarter of this year, Singapore’s economy grew by 15.2%.

Advances in Biomedicine helped develop and boost the economy of the country.

In comparison with the figures for the previous quarter, the data appears to be rather optimistic.

The Singapore Government argues that it has influenced the strong decline in global production and product demand, which arose in connection with this.

A sharp drop in production is recorded as a result of the global economic downturn, with the current growth of 37.6%, in comparison with the 12.7% drop in the previous quarter.

With the Singaporean economy, experts are betting on biomedical electronics, which the country can be proud of.

The trade and the economy of the country are highly dependable upon the development of the biomedical sector.

Singapore’s exports suffered after demand from key markets such as the U.S. and Europe were faced with their own economic problems.

Article provided by Eltoma Corporate Services


You are not logged in!

Please login or register to ask our experts a question.

Login now or register.