SINGAPORE, April 10 (Bernama): Fitch Solutions Country Risk & Industry Research does not see material risks arising from the disruption to the leadership transition plans of People’s Action Party (PAP).
In its just published outlook for Singapore, the unit of Fitch Group said it continues to expect Singapore to remain one of the most politically stable markets in the world over the coming quarters.
It maintains its Short-Term Political Risk Index score at 95.2, out of 100, for the republic, which remains the best score in Asia and one of the highest scores globally.
The outlook comes just after Deputy Prime Minister Heng Swee Keat announced on Thursday that he had decided to step aside as leader of PAP’s fourth-generation (4G) team. Heng was appointed PAP’s first assistant secretary-general in 2018, an indication that he is the frontrunner to be Singapore s next prime minister.
Refinery fire in Indonesia sees near-term supply risk
A massive fire has been extinguished at one of Indonesia’s biggest oil refineries operated by national oil company Pertamina. However, near-term supply risks remain, but the national refining expansion plan remains intact, reported Fitch Solutions Country Risk & Industry Research.
Updated: 05/04/2021, 6:29 am
Fire fighting helicopter carry water bucket to extinguish forest fire in Indonesia: fire fighters have also been battling a blaze a the Balongan oil refinery
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James Emejo aggregates analystsâ perspectives on Nigeriaâs recent exit from recession and concludes that more efforts are required by the fiscal and monetary authorities to strengthen recovery in subsequent quarters
Perhaps, it was no music to the ears to many when the countryâs economic managers projected last year that the countryâs second consecutive economic recession which happened in the third quarter, would be short-lived.
This is understandably so because the slow progress in getting out vaccines that could put an end to the COVID-19 pandemic, which had ravaged the global economic landscape among other things.
The economy slipped into a recession in November last year when growth contracted for the second consecutive quarters by 3.62 per cent in Q3 and previously grew by-6.10 per cent in Q2.
A SIGNIFICANT change is taking place in the Malaysian telecommunications landscape.
Last Friday, the government decided to take 5G off the backburner and bring it to the forefront. The rationale is that accelerating 5G will nudge the country quicker to its dream of becoming a high value-added economy and possibly a net exporter of homegrown technologies and digital solutions.
Hence, the government has taken the view that it needs to build the 5G infrastructure by itself to fuel the fourth industrial revolution and remain in the race against peers in technological advancement and attracting investments.
No doubt, the promise of 5G opens a new way for applications such as driverless cars, robotics, remote surgeries, virtual reality and the Internet of things, among others, that will change how people work, play and live.