Tag Archives: MTI

PAP MP WHO SAID IT’S “STUPID” TO PROMOTE DIALECTS EATS HIS WORDS

In 2009, Chee Hong Tat (then PPS to MM Lee) asserted that its "foolish to advocate the learning of dialects". In Chee's response to Ms Abu Baker's ST article (One generation - that's all it takes 'for a language to die'), he emphasized that "it would be stupid for any Singapore agency or NTU to advocate the learning of dialects, which must be at the expense of English and Mandarin", hence "that was the reason the Government stopped all dialect programmes on radio and television after 1979."

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S’PORE NARROWLY AVOIDS RECESSION AS ECONOMY GREW 1.4% IN 3RD QUARTER

The Ministry of Trade and Industry (MTI) announced that Singapore's economy expanded by 1.4% in the third quarter of this year as compared to 2014. This was down from the 2% growth seen from the previous quarter. The figures beat expectations of a 0.1% contraction and avoided a technical recession which was predicted by many analyst.

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LEE YI SHYAN: S’POREANS MUST DO MORE TO ATTRACT MORE PRC TOURISTS

As the world all over spews out horror stories of misbehaving PRC tourists, Singapore's Ministry of Trade and Industry is doing the exact opposite - it has asked Singaporeans and companies to do more to attract more PRC tourists. Speaking at a fund raising event organized by the Singapore Cruise Center, Mr Lee Yi Shyan, Senior Minister of State for Trade and Industry and National Development, said that Singaporeans need to customize their offerings to cater to tourists from China.

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SINGAPORE, CHINA LAUNCH DIRECT TRADING OF CURRENCIES

SINGAPORE and China will start direct currency trading today, in a move set to lower the cost of doing business. It will also boost the already strong trade links between the two as Beijing pushes to internationalise the yuan. Chinese Vice-Premier Zhang Gaoli announced the move yesterday at a high-level bilateral meeting in eastern Suzhou that he co-chaired with Singapore Deputy Prime Minister Teo Chee Hean.

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CHIPMAKER MOVES SOME OPERATIONS OUT OF SINGAPORE

A large American chipmaker has moved some operations out of Singapore to Ireland, which is likely to weigh on the already troubled electronics sector here. Broadcom, a Fortune 500 company based in California and listed on Nasdaq, said in its latest annual report that after March 31 this year, it would "utilise (its) Irish trading company for certain foreign operations". The move coincided with the termination of tax incentives that it enjoyed in Singapore, which it said ended in March.

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