Singapore

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Surprise growth helps Singapore avoid recession

Singapore's economy grew more than expected in the second quarter, data showed on July 14, helping it avoid a recession, but analysts warned the trade-dependent city faced headwinds owing to weak overseas demand.

The Southeast Asian nation's performance is often seen as a barometer of the global environment because of its reliance on international trade.

Montenegro Sentences Crypto Fugitive to Four Months in Jail

Police officers escort South Korean crypto mogul Do Kwon (C) in Podgorica, Montenegro. Photo: EPA-EFE/BORIS PEJOVIC

On March 23, Do Kwon and Han Chang-Joon, a senior executive at Chai, a mobile payment provider, were arrested at Podgorica airport trying to board a private flight to Dubai in the United Arab Emirates with falsified travel documents from Costa Rica.

Singapore ‘should avoid economic contraction’: PM

Singapore is expected to post slower economic growth this year but it "should avoid an outright contraction", Prime Minister Lee Hsien Loong said Sunday.

The Southeast Asian city-state's economic performance is often seen as a barometer of the global environment because of its reliance on trade with the rest of the world.    

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