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http://www.indianexpress.com/news/key-political-risks-to-watch-in-singapore/840178/
Key political risks to watch in Singapore
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Sports - By NripinderMaran - By KMR OverseasCongress dmk - By swaranAll indians should n... - By INDIANIndia needs more peo... - By BhartiRishwatpasand - By Khazan SinghA very good laughing... - By INDIAN
Singapore, which serves as a regional base for many multinational corporations and fund managers, is widely regarded as one of Asia's least risky investment destinations and is rated triple-A by both Moody's and Standard & Poor's.
Its long-ruling People's Action Party (PAP) is, however, losing support at the ballot box from an electorate unhappy about the widening income divide, and the government's liberal immigration policy.
At the end of August, former Deputy Prime Minister Tony Tan was elected president with just 35 per cent of the vote, a result seen as a blow for Prime Minister Lee Hsien Loong who had backed Tan in the fight for the largely ceremonial role.
Singapore recently cut its 2011 economic growth forecast to 5-6 per cent from 5-7 per cent, and some economists warn the wealthy Southeast Asian city-state could fall into a recession this quarter even as inflation remains elevated.
Key political risks to watch in Singapore
Share |
Sports - By NripinderMaran - By KMR OverseasCongress dmk - By swaranAll indians should n... - By INDIANIndia needs more peo... - By BhartiRishwatpasand - By Khazan SinghA very good laughing... - By INDIAN
Singapore, which serves as a regional base for many multinational corporations and fund managers, is widely regarded as one of Asia's least risky investment destinations and is rated triple-A by both Moody's and Standard & Poor's.
Its long-ruling People's Action Party (PAP) is, however, losing support at the ballot box from an electorate unhappy about the widening income divide, and the government's liberal immigration policy.
At the end of August, former Deputy Prime Minister Tony Tan was elected president with just 35 per cent of the vote, a result seen as a blow for Prime Minister Lee Hsien Loong who had backed Tan in the fight for the largely ceremonial role.
Singapore recently cut its 2011 economic growth forecast to 5-6 per cent from 5-7 per cent, and some economists warn the wealthy Southeast Asian city-state could fall into a recession this quarter even as inflation remains elevated.