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S'pore becoming more reliant on services sector

ICAEW says the manufacturing sector is expected to remain subdued during the coming year and reckons that economic growth is unlikely to hit 3.3 per cent until 2018

Singapore's domestic non-oil exports are expected to remain soft during the coming year, says the latest ICAEW South-east Asia economic insight report. Services related to oil and re-exports will be vulnerable to continued weakness in regional trade, it adds.


DOMESTIC non-oil exports - and hence the manufacturing sector - are expected to remain subdued over the coming year, leaving the economy reliant on the services sector, according to ICAEW's latest Economic Insight: South East Asia report, which also posits that Singapore's...

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