The over all 15 percent fall saw electronics and telecommunications equipment fall 15 percent, non-electronic goods fall by 16 percent and pharmaceuticals dropping 39 percent.

Some analysts now expect the Singapore economy to contract up to 2 percent in 2009.

The move by the Singaporean government comes as the US banking crises continues to spread to other global markets.

Prior to the announcement, the Monetary Authority of Singapore (MAS) only secured up to 20,000 dollars.

The Singapore economic news signals that the Singapore real estate boom that started in 2004 in now over as home prices declined 1.8 percent.

Analysts expect Singapore private home sales to continue to drop in Q4 as well. (more…)

Singapore’s Department of Statistics stated that the consumer price index moved to 6.4 percent as opposed to gaining 6.5 percent a year ago.

Specific Singapore economic inflation data in August year over year include the following:

• Singapore food prices rose 8.4 percent
• Singapore transport and communication costs rose 2 percent
• Singapore housing costs rose 12.8 percent (more…)

The Singapore trade news shows clear signs that the demand for consumer electronic goods is waning and will likely continue to impact the Singapore economy.

Nonetheless, the drop in Singapore trade of non-oil exports in inline with Singapore government expectations that Singapore economic growth would fall between 4 and 5 percent. (more…)

The Singapore investment by Caterpillar expands the company’s global remanufacturing presence in which it has seventeen other facilities in locations such as China, Europe and Mexico.

The move by Caterpillar is geared to increase capacity to fulfill a dramatic increase in Asian demand. The facility is set for a 2010 fully operational target date. (more…)

This initial Singapore investment by Temasek Temasek help a 9 percent stake in Merrill Lynch and the additional stake will raise it to 14 percent. (more…)

The Singapore investment deal is subject to India’s Foreign Investment Promotion Board (FIPB) approval and Arcil’s CEO S Khasnobis Arcil declined to comment on the move by GIC.

Arcil is India’s largest asset reconstruction company otherwise known as an ARC. (more…)

The Singapore inflation rate is down from its July high of 7.5 percent and its 26 year peak reported in April, May and June and is offering some relief to what the Singapore Prime Minister Lee Hsien Loong considers Singapore’s most pressing issue.

Singapore’s central bank raised its 2008 inflation forecast for the Singapore economy late last month from 5 to 6 percent to 6 to 7 percent. (more…)

The Singapore investment in Oncore is worth $1.25 billion and is in conjunction with Canada’s Ontario Municipal Employees Retirement System (Omers).

Government of Singapore Investment Corp. (GIC) is a $100 billion Singapore investment fund and was founded by the Singapore government in 1981. (more…)