Singapore: The Monetary Authority of Singapore (MAS) said in its latest macroeconomic review that gross domestic product (GDP) grew an average of 4.4 percent on a quarter-on-quarter seasonally adjusted basis in the second and third quarters of 2017, a reversal from the contraction over the first three months of 2017.
Thailand: With a strong performance from the manufacturing sector, Thailand’s real gross domestic product (GDP) expanded 4.3 percent year-on-year in the third quarter of 2017. The manufacturing industry contributed 1.22 percentage points, which offset weakness in the country’s construction industry. Higher expenditure figures boosted real GDP due to an increase in inventories.
Singapore: In a move to boost the construction sector in the nation, the Singapore government is investing another S$700 million (US$513 million) in construction projects for public amenities works, which gives rise to opportunity for steel manufacturers.