Singapore economy: strong growth, some caution
Singapore is expecting strong growth in IT, biotech and tourism in 2010 on the back of increasing regional demand, says the Monetary Authority of Singapore (MAS).
Local Industrial and tourism capacity has improved to meet rising Asian economies. Optimistic predictions show 11.5-12.5m Asian tourists will visit Singapore in 2010, most likely to check out Singapore’s latest showpiece, the Marina Bay Sands resort. The finance sector, barring fallout from any new international disasters, should also regain its strength.
While these industries are projecting good times ahead, the MAS also warned that others seem to be slowing, including marine & offshore engineering and construction.
source & article: ChannelNewsAsia.com
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