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July 15, 2009
7 inch already. No more stimulus measures needed.
By Alvin Foo and Fiona Chan
<a href="http://www.straitstimes.com/STI/STIMEDIA/image/20090715/In-SG-LIM.jpg"><img src="http://www.straitstimes.com/STI/STIMEDIA/image/20090715/In-SG-LIM.jpg"></a>
The Singapore economy has stabilised and there is no need for further stimulus measures currently, said Trade and Industry Minister Lim Hng Kiang (left). --ST PHOTO: LIM WUI LIANG
THE Singapore economy has stabilised and there is no need for further stimulus measures currently, said Trade and Industry Minister Lim Hng Kiang on Wednesday.
He noted that none of the 'major economies' are contemplating a second stimulus package 'anytime soon'.
On Singapore needing a second boost, he said: 'With the situation stabilising as we see it, this is not on the cards at the moment.'
Mr Lim was speaking to reporters ahead of next week's Apec Singapore 2009 Ministers Responsible for Trade Meeting to be held here.
The key issues in the agenda will be an assessment of measures taken to tackle the crisis and responses to aid recovery, restarting the Doha round of global trade talks, reviewing its position on protectionism and moving forward on regional integration.
Singapore is hosting a series of Asia-Pacific Economic Cooperation (Apec) forum meetings this year, on the 20th anniversary of the 21-member grouping.
Mr Lim noted that the general world economic situation has stabilised, with the 'initial knee-jerk panic kind of reactions ... behind us'.
He added: 'We're not ready to say it's been resolved, but definitely the kind of more panicky reaction that we have seen in the financial markets, I think we see less of that nowadays. Things have stabilised quite a bit.'
July 15, 2009
7 inch already. No more stimulus measures needed.
By Alvin Foo and Fiona Chan
<a href="http://www.straitstimes.com/STI/STIMEDIA/image/20090715/In-SG-LIM.jpg"><img src="http://www.straitstimes.com/STI/STIMEDIA/image/20090715/In-SG-LIM.jpg"></a>
The Singapore economy has stabilised and there is no need for further stimulus measures currently, said Trade and Industry Minister Lim Hng Kiang (left). --ST PHOTO: LIM WUI LIANG
THE Singapore economy has stabilised and there is no need for further stimulus measures currently, said Trade and Industry Minister Lim Hng Kiang on Wednesday.
He noted that none of the 'major economies' are contemplating a second stimulus package 'anytime soon'.
On Singapore needing a second boost, he said: 'With the situation stabilising as we see it, this is not on the cards at the moment.'
Mr Lim was speaking to reporters ahead of next week's Apec Singapore 2009 Ministers Responsible for Trade Meeting to be held here.
The key issues in the agenda will be an assessment of measures taken to tackle the crisis and responses to aid recovery, restarting the Doha round of global trade talks, reviewing its position on protectionism and moving forward on regional integration.
Singapore is hosting a series of Asia-Pacific Economic Cooperation (Apec) forum meetings this year, on the 20th anniversary of the 21-member grouping.
Mr Lim noted that the general world economic situation has stabilised, with the 'initial knee-jerk panic kind of reactions ... behind us'.
He added: 'We're not ready to say it's been resolved, but definitely the kind of more panicky reaction that we have seen in the financial markets, I think we see less of that nowadays. Things have stabilised quite a bit.'
