The Rate of Gross Domestic Product (GDP) of Singapore

In business we know about the rate of gross domestic product (GDP) of Singapore during semester I on 2010 touch the level of 18.1% compared with same period last year (year-on-year). During the quarter II alone, from data that we get from Singapore’s Ministry of Trade and Industry (MTI), business cited from the official website showed GDP grew by 19.3% in year-on-year. Referring to the annual calculation basis (annualized rate), the second quarter the economy grew 26%. “Throughout 2010, we expect Singapore’s economy drove 13% to 15%, or we revised up from previous projections that only in the range of 7% -9%,” writes the data published by MTI, today. The manufacturing sector registered 45.5% growth surge supported biomedical manufacturing cluster production and the strength of the electronic cluster expansion due to strong global demand for electronics products.

Continue

Published on 30 Jun 2010 in Business Info, Finance Info, by admin

No Comments >>

A Well Known Oil Business Company

BP, a well known oil business company, has shares jumped 27% since early July and rose for a second day as much as 5.2% on transactions on the London Stock Exchange yesterday, up to a level of 417.30 cents a pound. The company’s share dropped 37% since the oil spill incident occurred on 20 April in the Gulf of Mexico that killed 11 workers. It has claims data that quoted from the official site of BP shows per July 13, claims worth U.S. $ 177 million has been paid. Overall, there are 108 000 incoming claims where more than 42,000 of which was waiting for document processing. “We would welcome investors from anywhere who wants to buy or increase its share,” said Robert Wine, a spokesman for BP in London. However, he declined comment on the related interest in Abu Dhabi.

Continue

Published on 15 Jun 2010 in Business Info, by admin

No Comments >>