Economies: after months of waiting, Singapore admits recession
The signs have been in place for a year and every month it's been getting closer. Now the inevitable has happened and Singapore is officially in recession.
Most Recent - This Section
Business Environment: Letter from Davos - Asia RisingEconomies: Aus Reserve declares end to recession
Economies: crisis moves - literally - from Wall Street to Mainstreet
Economies: double whammy hits tourism and travel
Economies: HK and UK Markets maintain upward trend
Most Recent - Whole Site
Taxation: US Treasury notice re FACTAInternet: "buy this domain or lose business"
The Risk Professional: US Treasury Statement re Iran banking sanctions
Automotive: Clint Eastwood's misty eyes playing for Detroit
Aviation: Kingfisher's finances cause concern
Most Recent - BankingInsuranceSecurities.Com
FI Fraud: Phishing - Santander UKSanctions: OFAC update 20120207
Phishing Alert: Quickbooks / Intuit
Sanctions: OFAC UPDATE 20120206
Sanctions HM Treasury - Iraq
The first casualty of the news was Singapore bank DBS which saw its shares drop 6% in a couple of hours but even that outperformed the market which had fallen more than 7% by the lunchtime close.
The Singapore economy shrank 5.7% in Q2 2008 and 6.4% in Q3.
Download PDF version of this page
