Economist, Centennial Asia Advisors

Jason Tan

Economist

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

<h2><strong>Economic downtrend could be worsening</strong></h2><ul>
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<strong>Exports disappoint: </strong>Non-oil domestic exports fell 10.6% y/y in July, after falling 2.4% in June while non-oil re-exports fell 1.2% in July, after barely growing in June. Thus, the two great engines of the Singapore economy – manufacturing and the entrepot sector – continue to weaken.</li>
<li>
<strong>Retail sales eased sharply,</strong> expanding 0.9% y/y in June, down from 3.2% in May and the lowest in four months. Retail sales excluding motor vehicles fell 3.0% in June, from a…</li>
</ul>

Economic downtrend could be worsening

Exports disappoint: Non-oil domestic exports fell 10.6% y/y in July, after falling 2.4% in June while non-oil re-exports fell 1.2% in July, after barely growing in June. Thus, the two great engines of the Singapore economy – manufacturing and the entrepot sector – continue to weaken.

Retail sales eased sharply, expanding 0.9% y/y in June, down from 3.2% in May and the lowest in four months. Retail sales excluding motor vehicles fell 3.0% in June, from a…


Singapore: Worsening Economic Downtrend; Succession in Spotlight