Exports surge: Tug boats plying the port of Singapore recently. Non-oil domestic exports gained 9.7% in April, data showed this week. — AFP
SINGAPORE: Singapore Trade and Industry Minister Chan Chun Sing said there are many “downside risks” to the economy despite recent data showing a surprise improvement in exports.
“We are quietly encouraged by some of the positive numbers coming in for the first quarter despite the headwinds, ” Chan said in an interview yesterday with Bloomberg Television’s Haslinda Amin. Still, the government is “not complacent” as “the downside risks are still many”.
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