Thursday, September 8, 2011

Singapore Market News

Economists GDP growth expectations for 2011 fell to 5.3% from 6.2% in June, according to the Monetary Authority of Singapore's Survey of Professional Forecasters. 3Q GDP growth was also revised down and is now seen at 5.5% YoY, vs 6.8% in the previous survey.
The Monetary Authority of Singapore has issued to the country's financial institutions guidelines against illicit fund inflows for tax haven purposes.

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