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BUSINESS
July 11, 2001 | MARK MAGNIER, TIMES STAFF WRITER
Singapore said Tuesday that its economy contracted in the second quarter, signaling it could become the first Southeast Asian nation to slip into a recession since the 1997-98 Asian economic crisis. Economists say the slowdown is spreading. "We're going to see a string of these, either extremely poor or negative numbers in the near future," said Song Seng Wun, Singapore-based regional economist with G.K. Goh Research. "They're all getting hammered."
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BUSINESS
July 11, 2001 | MARK MAGNIER, TIMES STAFF WRITER
Singapore said Tuesday that its economy contracted in the second quarter, signaling it could become the first Southeast Asian nation to slip into a recession since the 1997-98 Asian economic crisis. Economists say the slowdown is spreading. "We're going to see a string of these, either extremely poor or negative numbers in the near future," said Song Seng Wun, Singapore-based regional economist with G.K. Goh Research. "They're all getting hammered."
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BUSINESS
February 22, 1999 | GARY CHAPMAN
The Internet is everywhere in Singapore--on billboards, television, in the newspapers, in the mouths and minds of government officials and businesspeople, even in ads on taxis and buses. This country is betting its future on the Internet. Its ambitious plans, and its formidable capabilities, are likely to soon make it the world's most wired nation. Indeed, Singapore is poised to become the world's first true "digital nation."
BUSINESS
February 10, 1992 | From Times Staff and Wire Reports
Worldwide Recession Hurts Economy, Leader Says: Singapore's economy is suffering the effects of recession in the developed world and this year will be less successful than 1991, Prime Minister Goh Chok Tong said last week. "Our manufacturing and financial sectors, which depend heavily on external demand, will be affected," Goh said in his message on the eve of Chinese New Year.
BUSINESS
February 22, 1999 | GARY CHAPMAN
The Internet is everywhere in Singapore--on billboards, television, in the newspapers, in the mouths and minds of government officials and businesspeople, even in ads on taxis and buses. This country is betting its future on the Internet. Its ambitious plans, and its formidable capabilities, are likely to soon make it the world's most wired nation. Indeed, Singapore is poised to become the world's first true "digital nation."
BUSINESS
February 27, 1991 | CHARLES P. WALLACE, TIMES STAFF WRITER
The Persian Gulf crisis and downturns in major Western economies are taking a toll on Singapore, one of Asia's economic "tigers." The nation--one of the world's fastest-growing economies with near double-digit growth rates in recent years--on Tuesday forecast sharply lower growth in 1991 because of the Middle Eastern upheaval and economic slowdowns in the United States and other key trading partners.
BUSINESS
June 19, 1998 | EVELYN IRITANI, TIMES STAFF WRITER
This prosperous city-state is built on a mountain of insecurity. Surrounded by larger, occasionally hostile neighbors and devoid of natural resources, the Singapore government muzzled political dissent, armed itself with the best weapons money could buy and created a sophisticated trade entrepot backed by $60 billion in foreign reserves.
BUSINESS
February 10, 1992 | KARL SCHOENBERGER, TIMES STAFF WRITER
A ride on a cable-car to the tiny islet of Sentosa reveals a sight that's hard to imagine from the spotless streets and sterile buildings on shore: Stretched out below is a vast container port, and crowding Keppel Harbor are too many ships to be counted. The commercial armada stretches to the horizon beyond Sentosa, lying at anchor in silent parking-lot formation, waiting to refill their holds and set sail.
NEWS
January 23, 1999 | DAVID LAMB, TIMES STAFF WRITER
After two quarters of negative economic growth, Singapore is technically in recession. So what's the response of this city-state that is hardly larger than Zion National Park? Well, you could start with Singapore Airlines, ranked in many polls of business travelers as the world's best carrier. Singapore is spending $300 million to refurbish the fleet's cabins. Then there's the Internet.
BUSINESS
June 19, 1998 | EVELYN IRITANI, TIMES STAFF WRITER
This prosperous city-state is built on a mountain of insecurity. Surrounded by larger, occasionally hostile neighbors and devoid of natural resources, the Singapore government muzzled political dissent, armed itself with the best weapons money could buy and created a sophisticated trade entrepot backed by $60 billion in foreign reserves.
BUSINESS
June 6, 1998 | From Associated Press
For the second year in a row, Singapore remains the world's most competitive economy, ahead of Hong Kong and the United States, according to a report issued Friday. The rankings in the World Economic Forum's Global Competitiveness Report 1998 define which countries have a range of market and factors of production which give them the ability to maintain sustained economic growth.
NEWS
February 16, 1998 | DAVID LAMB, TIMES STAFF WRITER
If you want to find out what Singapore is all about and why it's not rattled by the Asian economic crisis, you might start at the old colonial convent on North Bridge Street that houses the Mass Rapid Transit offices. Inside the dim, ultramodern control room, half a dozen men sit at computers, loading in timetables and commands. A few feet away, a huge digital board tracks 80 rush-hour trains that are speeding under and over Singapore, each relentlessly on schedule.
NEWS
November 30, 1997
A country-by-country look at the economic crisis that has swept Asia, and the challenges nations face in restoring growth. (Stock market and currency changes are since Jan. 1. Currency changes versus U.S. dollar). THAILAND * Currency decline: -36% * Stock market decline: -52% * Population: 60 million. During the export boom of the early-90s, Thai banks flush with cheap foreign capital lent heavily to domestic borrowers, fueling a real estate bubble. Imports surged.
BUSINESS
November 15, 1993 | From Times Staff and Wire Reports
Growth Figures Revised Upward: The economy expanded 9.2% in the third quarter, the Ministry of Trade and Industry said. Gross domestic product grew 5.7% in last year's third quarter and 10.1% in the second quarter of this year. Economists had expected the economy to grow about 9% in the July-to-September period. Estimates were revised upward after the release of strong September trade figures and a continuing boom in business for the financial sector.
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