At least SINGAPORE is recovering...

[Sperminator]

SOURCE:
http://money.cnn.com/galleries/2010/fortune/1006/gallery.Good_Econ.fortune/5.html

2009 GDP Growth: -2%
Population: 4.99 million
2010 Estimated GDP Growth: 5.7%

The global financial crisis of 2008 and 2009 hit Singapore's trade-oriented economy particularly hard, but this Southeast Asian country has one of the fastest growing economies in the region and is poised to make a big comeback.

The island state's strategic location on major sea lanes and its industrious population have helped its economy thrive -- it's averaged 7.8% real growth from 1965 to 2009. Although Singapore saw its worst two quarters in late 2008 and early 2009 as the global recession took hold of the economy, it has recovered quickly and is predicted to rebound stronger than expected. The country has benefitted from a broader recovery in regional economies as well as a $20.5 billion government stimulus package approved last year.

Singapore's Ministry of Trade and Industry expects its economy to grow 4.5% to 6.5% in 2010 -- much higher than the 3% to 5% initially projected.


OPINION;

Singapore although being small, is still very lucky that many goods traded with CHINA-INDONESIA routes through this small island.

Besides, the CAFTA (China-ASEAN Free Trade Agreement) would certainly do SINGAPORE good, and I heard that SINGAPORE is the Brainchild behind the CAFTA program...

Despite the Economic Woes of USA/EUROPE, I believe this is a good time for SINGAPORE to grow stronger with CAFTA.

 

[no_faith]

wow, gd news for the FT.

 

[Rogue Trader]

Singapore although being small, is still very lucky that many goods traded with CHINA-INDONESIA routes through this small island.

Besides, the CAFTA (China-ASEAN Free Trade Agreement) would certainly do SINGAPORE good, and I heard that SINGAPORE is the Brainchild behind the CAFTA program...

Despite the Economic Woes of USA/EUROPE, I believe this is a good time for SINGAPORE to grow stronger with CAFTA.

Don't be gullible and start hailing Cafta or any other Fta without understanding the terms signed. FTAs usually involve one section or sub section losing out in the deal. The poor in Indon and burma which rely on primary industries will be the first victims.

 

[Sperminator]

Don't be gullible and start hailing Cafta or any other Fta without understanding the terms signed. FTAs usually involve one section or sub section losing out in the deal. The poor in Indon and burma which rely on primary industries will be the first victims.

You are right.

But I didn't say anything that the CAFTA is going to be good for all nations, but it's going to be good for SINGAPORE

And in the world of economics, there is no such thing as fair...

 

[Rogue Trader]

You are right.

But I didn't say anything that the CAFTA is going to be good for all nations, but it's going to be good for SINGAPORE

And in the world of economics, there is no such thing as fair...

The economies of indonesia and burma have always been singapore's to fuck. Over the years, we have made them our obedient bitches. In all probability this FTA now allows china to ride them too. Is that a good deal for singapore? Only time will tell.

 

[Sperminator]

The economies of indonesia and burma have always been singapore's to fuck. Over the years, we have made them our obedient bitches. In all probability this FTA now allows china to ride them too. Is that a good deal for singapore? Only time will tell.

I don't really know too well about logistics.

But what I found out is that for all goods transferring via SEA from China to Indonesia (if they route through SGP), the Freight Charges is very close to free of charge...

And I wonder how this can be done.

Singapore is a very strategic location for Logistics Distribution Services for goods ending up in Indonesia.

And many Rich Indonesians, in consideration of their safety of their families while doing biz in Indonesia, may consider setting up their HQ operations in SINGAPORE, and most of the money in SGP as well.

Singapore need volume of trade to sustain it's economy, Singapore is totally reliant to Energy Requirements, for example, the bulk of Natural Gas is being purchased from Indonesia, and at least 80% of SGP's electricity generation is via Natural Gas Generators.

And with the CAFTA in action, this would encourage many importers to import, in respect to domestic productions, it'll be reducing jobs here and there. Jobs will shift to producing nations with labour cost advantages, and infrastructure advantages.

And so, SGP will see more goods moving in and out, it can only become better for SGP.