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Credence |
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FROM
THE EDITOR'S DESK
Goodbye
2010, Welcome 2011
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2010 saw businesses in Singapore
ride the wave of global recovery, delivering results much stronger than
what most pundits expected. As 2011 beckoned, businesses have started
bracing for a slow down. Recovery may seem to be losing its steam,
particularly with European debt crisis still looming over the global
economies. Already, official reports have noted that growth for the
Singapore economy in 2011 will slow to a third of the pace in 2010 with
inflation expected to rise. Still positivism maintains, particularly
with economists banking on the fast-growing services sector to be the
star performer this year.
Will 2011 deliver yet another year of pleasant surprises?
Local
business may just have to bide their time and tread with caution.
Penny
Phua
Marcom & Product Manager, Product Development &
Marketing
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| Credence
highlights on Issue 18 |
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D&B
SINGAPORE
1st Quarter Singapore Business Optimism Index
Overall
growth is expected to be sustained for Q1 2011. Owing to the weakened
economic outlook in the United States and Europe, business sentiment in
the manufacturing sector is expected to be less robust when compared
with the previous quarter. Favourable employment outlook for the
services sector is expected for the period ending March 2011.
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COUNTRY
RISK
Credit
Risk Changes
The risk ratings
for the month of February indicate that 1 country had been upgraded and
6 countries downgraded.
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D&B
INTERNATIONAL RISK & PAYMENT REVIEW
FOCUS:
Bond Market Volatility
The volatility
of bond markets has increased substantially in recent months. The debt
crisis has raised the cost of borrowing for the euro zone’s peripheral
economies as concerns about the integrity of the euro zone an its
financial sector have continued to undermine investor confidence.
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LITIGATION
FOCUS
2010
– Peak in litigation filings
Singapore’s
litigation scene has clearly taken a turn a year after 2009, it seems a
recovering economy has clearly sparked a run-up in litigation filings
in the last four quarters of 2010.
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CREDIT
BUREAU SINGAPORE
Top
Revolvers in Today’s Improved Economy
With
the increased acceptance of credit cards as a mode of payment and
promotion tie-ups with retailers, consumers today are seen with a
rising trend in credit card ownerships and total outstanding balances.
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SINGAPORE
COMMERCIAL CREDIT BUREAU: SME MARKET WATCH
Local
SMEs tread cautiously into 2011
No
doubt that optimism seems to have rung back into the local business
community albeit not yet at past pre-crisis levels. Local SMEs will
have to work hard at boosting or even maintaining this positivism
especially with looming pitfalls in the global economy.
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D&B
MALAYSIA
Malaysia’s
Economic Outlook for 2011
Rebounding
from a negative growth rate in 2009, economic forecasters expect real
GDP to average 4.9% per year. Data from the first half of 2010 showed
the Malaysian economy expanded by 9.5% and it is expected to grow by
6.8% for the year.
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D&B
Annual Dinner & Dance 2010
Our
Sales Teams Wish All a Great 2011
Last
December saw our company ending the year on a celebratory note. Catch a
sneak peak on the people driving the visions of D&B Singapore
and
Singapore Commercial Credit Bureau.
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POWER
PHILOSOPHER
Understanding
Your Corporate Health
Dr Mike
Teng provides his views on the importance of prompt identification and
ratification of problems within the organization.
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