Singapore’s economy looks upbeat

Singapore’s 2013 economic growth was revised upwards from 3.7% to 4.1%, thanks to a last-minute surge in manufacturing. Does this portend better times to come? Leon Perera, Chief Executive Officer of Spire Research and Consulting, shared his views on Singapore’s economic performance on Channel NewsAsia – Business Central

Perera commented that Singapore’s economic growth exceed expectations and this reflected an improving climate for exports, mainly driven by developed country growth. This would last into 2014 because of the on-going recovery in the US, improvements in Northern Europe, the momentum from Abe-nomics in Japan and a still-respectable showing from China.

On the other hand, the domestic retail sector was losing some ground. Perera shared that this was partly due to a slowdown in tourist arrival and spending growth, as a result of slower growth in regional economies like China and India. In contrast, the wholesale market will see some forward momentum on the back of a stronger export sector in 2014.

While Singapore’s financial services sector was a strong engine of growth in 2013, Perera explained how the sector’s growth would weaken in 2014 as a result of an outflow of offshore funds to the US and a cooling property market depressing mortgage loan growth.

https://www.spireresearch.com/newsroom/media/singapores-economy-looks-upbeat/

Comments

Spire Client Entertainment Night December 2019

Spire Singapore hosted its third client entertainment event of the year. Business associates, partners and clients joined the Spire team for the dinner reception followed by the movie screening of “Star Wars: The Rise of Skywalker (Episode IX)”- the much awaited last movie in the Star Wars saga. The final installment in the Star Wars saga revolved around the epic battle between Jedi and Sith. The movie featured most of the key characters from the earlier Episodes 4 to 6. The highly awaited Star Wars final chapter, delectable food and even better company made for a great evening. Read more: https://www.spireresearch.com/newsroom/events/spire-client-entertainment-night-december-2019/

Digital technology set to boost corporate productivity

The demand for digital technology is on the rise. How are industry players catering to changing technology needs? Jeffrey Bahar, Deputy Chief Executive Officer of Spire Research and Consulting, shared his insights in Kompas – Mega Bazaar – a leading newspaper in Indonesia. Digital technology enhances the way we work. In the digital realm, productivity takes precedence – especially in the corporate segment. Technology and features that accompany a device are always changing, encouraging innovations along the way. Bahar opined that IT spending worldwide is about 2-3% of the total revenue of all of the companies in the world. The banking and financial industry in Indonesia has a higher level of IT spending when compared to the average in other industries. This is where Lenovo – the number one PC manufacturer globally – seems to understand the changing demands from society. It constantly innovates – with its latest edition in the multimode devices under the business segment. ...

Spire addresses sustainable project financing at 4th SEA Port Expansion Summit 2017

Spire Research and Consulting’s Director Yap Far Loon was honored to be appointed as moderator at the 4th South-East Asia Port Expansion Summit 2017 organized by the Noppen Group. The summit was held on 26 October 2017 in Kuala Lumpur. It discussed challenges and opportunities in obtaining sustainable project financing. Yap Far Loon, Business Development Director, Public Sector, Financial Services and ICT for Spire Research and Consulting, moderated the discussion panel on financing for port expansion projects. He focused the discussion on challenges and innovative business models for Public Private Partnerships (PPPs). For successful PPPs, the roles and responsibilities need to be defined clearly to all stakeholders. Local partners should also be given concessionaire flexibility to add intangible business value. Yap also shared his insights on practical business models for PPPs and how exit-based PPP models can dilute private sector investment through the listing of PP...

Will more countries follow the growing trend of free public transport?

Germany and France have decreased or removed public transport fares. In Dunkirk, France, public transport was made free for all from September 2018 – even for tourists. Registered residents in Tallinn, Estonia can now access fare-free services on buses, trams, and trolley. To decrease the number of private cars on the road, Luxembourg’s new government has made public transport free for all. Will free public transport help to lower the number of cars on the road? Read more : https://www.spireresearch.com/newsroom/spirethoughts/will-more-countries-follow-the-growing-trend-of-free-public-transport/

India Is Well-Poised to Lead the Global API Industry

Despite the uncertain global economic climate, the growth momentum for generic drug spending will continue says Catherine Tang, Biomedical industry practice leader for the Spire Research and Consulting. Its share of total drug spending is set to increase. Demand growth, primarily from emerging markets, is being accelerated by healthcare reforms in the major developed markets of USA and Europe; as well as impending patent cliffs, where some USD 75 billion worth of drugs go off patent between 2012 and 2015. This presents new potential for manufacturers of API and drug intermediates (active pharmaceutical ingredients and excipient components used in generic formulations) in India. India is well-poised in the global API industry, but headwinds from higher export barriers and increased pharma co-vigilance are major threats that will inevitably raise production costs and erode margins. To retain its pole position in the competitive generic market and claim blue sky space, API ma...

The Knowledge to Decide

Search This Blog