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S'pore trade set to outpace world average

Singapore's trade is expected to grow faster than the world average over the next 15 years.

This is on expectation Singapore's role as a core trade hub between Europe, North America, and the Asia Pacific region strengthens.

According to HSBC Global Connections trade forecast, world trade is expected to accelerate at an annualised rate of 3.78 per cent over the next five years from 2014.

More S'pore firms invest overseas

Investment in overseas expansion by Singapore companies increased in 2011, despite volatile economic conditions in the global markets.

That is according to the latest figures released by International Enterprise (IE) Singapore.

Singapore's direct investment outflows last year rose 9.7 per cent on-year to S$31.7 billion.

Last year, IE Singapore was approached by more than 34,400 companies looking for help in understanding and investing in overseas markets.

Famed French boulangerie, PAUL, Opens Flagship Bakery in Singapore

Singaporeans can now savour the taste of authentic French breads right at home with the arrival of renowned French boulangerie, PAUL, which opens its flagship bakery-restaurant in Singapore much to the delight of artisan bread enthusiasts and local foodies alike. A 120-year-old brand loved around the world for its handmade traditional and specialty breads, PAUL brings a true taste of France’s traditional culinary heritage to Singapore’s gourmet scene.

S'pore economy grows by 4.9% in 2011

The Ministry of Trade and Industry (MTI) announced on Thursday that the Singapore economy had grown by 4.9 per cent in 2011, after a 14.8 per cent expansion in 2010.

MTI also maintained the growth forecast for 2012 at 1.0 to 3.0 per cent.

The GDP numbers released Thursday have experts and officials agreeing that a recession for Singapore appears less than likely. 

"Trade numbers give some hope that we will not slip into recession" said MTI director Thia Jang Ping.

France 24 now available in Singapore on Singtel

France 24 has concluded a new distribution agreement in Asia and launches today on SINGTEL, the largest telecommunications company in Singapore.

France 24 English version is now available 24/7 to 350 000 households via the MiO offer, while the French version will be available "à la carte" for 9.90 Singapore dollars (6 Euros) per month.

France 24 French version will be available on channel 40 and the English channel on channel 41.

Rolls-Royce opens largest Asian facility

Aircraft engine giant Rolls-Royce opened its largest Asian facility in Singapore on Monday as it looks to capitalise on the region's booming aviation sector.

The Rolls-Royce Seletar Campus will be the only facility outside of the firm's Derby plant in Britain to assemble, test and produce Trent 900 and Trent 1000 engines, the firm said.

The Trent 900 engine is widely used in the Airbus A380 superjumbo, while the Trent 1000 series can power Boeing's latest Dreamliner series.

Singapore Geared Up to be Leading Innovation Hub

Singapore has what it takes to be a hotbed for entrepreneurship andinnovation, says Michael Song, professor of marketing at the Bloch School of Management, University of Missouri-Kansas City.

He believes that Singapore's excellent education system, public policies and efficient government are key indicators that the city-state will be able to transform itself into a leading innovationhub.