Also in the news...
Switzerland: providing services and travelling for business
Guidance for UK businesses on rules for selling services to Switzerland.
UK lands trade deal with South Korea to boost jobs and exports
UK lands momentous trade deal with South Korea to boost jobs and exports
New laws bring the world of work into the 21st century
Over 15 million people across the UK are expected to benefit as the Employment Rights Act receives Royal Assent.
Brilliant Borders: Kenya's Customs goes digital
A new app will save time and money for big businesses and small traders alike, as a longstanding Kenya-UK partnership further improves cross-border trade.
Yorkshire family brewery taps into new export opportunities with Government guarantee
UKEF support helps Wold Top brewery to expand its exports into new markets.
Singapore’s economic growth increased by 15.2%
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