Positively surprising economic numbers

Jan 04, 2017 08.30AM |

UP: ECONOMIC growth numbers for the last quarter of 2016, a whopping 9.1 per cent instead of the projected 0.3 per cent, bringing the year to close at 1.8 per cent growth, higher than the expected 1.5 per cent for 2016.

Manufacturing undergirded the last-quarter expansion with the Purchasing Manager’s Index, an indicator for the health of manufacturing, staying above the 50 mark (signaling a positive outlook) for most of the quarter.

The outlook for 2017 growth is still in the 1-3 per cent range, however. This means that property prices will continue to be soft, despite a slower rate of decline for private sale prices this quarter (it’s been dropping for 13 consecutive quarters).

IT professionals needn’t worry about job security in 2017, though. Demand continues to be high in the sector, with 30,000 IT jobs still needing to be filled. Does Singapore have that many IT professionals?

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UP: The charge has been upped to culpable homicide now for Lim Chai Heng, 53, driver of the Mercedes in the AYE killer crash. He was previously charged with causing death by reckless or dangerous driving, which carried a maximum sentence of five years in jail. The new charge carries a maximum jail time of 10 years.


DOWN: S-League CEO Lim Chin will step down on March 31 after five years at the helm. The move comes as a surprise after news surfaced late last year that he had been offered an extension to his contract.

No replacement has been named, and the FAS says that S-League director of operation Kok Wai Leong will oversee the league when the CEO post is vacated.

Mr Lim oversaw a league in decline, and it seems that things will continue to be down after he leaves.


Featured image from TMG file.

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