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Editorial

Singapore maintains impressive GDP forecast at 4% to 6% despite ‘heightened uncertainties’

Singapore has always been a role model for the region as well as for the Commonwealth of Nations. A visionary leader laid the foundation for a modern nation out of once impoverished fishing village type of community. Largely due to its strong fundamentals, the island nation brave many crisis and admirably managed the global pandemic, while maintaining an impressive GDP forecast at 4% to 6 %.     Singapore has maintained its growth forecast for 2021 at a range of 4 to 6 per cent in view of “heightened uncertainties” arising from the COVID-19 pandemic, the Ministry of Trade and Industry (MTI) said...

UK’s trade deal with Australia and ‘Global Britain’

The UK’s expected trade deal with Australia is, perhaps, one of the mega deals to come following the Brexit and a clear indication that ‘Global Britain’ is in the making.  Obviously, this issue divides the cabinet. Liz Truss, the trade secretary, praises the benefits to consumers of cheaper, tariff-free imports. However, George Eustice, the environment secretary, warns of a threat to rural livelihoods. At the Cabinet Office, Michael Gove is,...

Singapore’s post-COVID-19 recovery plan and Commonwealth

The recommendations of the Task Force for Singapore’s post-covid-19 recovery could fit to be a blueprint for the recovery of economies in the Commonwealth, albeit some of the recommendations are Singapore-specific.  Noteworthy is the fact that the recommendations, among other things, stressed on the importance of strengthening economic links with the nations of the region and need for Singapore to attract foreign talents and that Singapore may make substantial investments...

Boris Johnson’s skill revolution and Commonwealth

British Premier Boris Johnson’s promised  Skill ‘revolution’ will , without a shadow of doubt, prepare the UK to be fit enough to play a major role in the global affairs rightly envisaged as the Global Britain. Equipping the work force with skills required would be a far-sighted step in the right direction making a talented work force besides changing the migration policy to enable the UK to quickly acquired skilled...

China’s trade war could hit Aussie iron ore following Morrison’s cancelling of Victoria’s B&R Initiative

China’s growing assertiveness and aggressive trade policies are not only a big worry for Australia alone, but also for the entire Commonwealth of Nations. The latest in the on-going tensions between Australia and China is the potential threat posed by China to hit hard on Australia’s iron exports business, particularly, after the Morrison’s government’s cancellation of Victoria’s Belt and Road Initiative.  China could retaliate to Australia by tit-for-tat cancellation of a...

UK economy bounces back, mountain to climb

Given the UK’s position as the head of the Commonwealth and as the main trading partner of the block, the UK’s economy’s better- than-anticipated performance, despite the hardships brought about by the global pandemic, is of interest to all of us in the Commonwealth. However, the recovery is not on beds of roses or on an easy path against unexpected odds and there is a mountain to climb before the...

Australia’s domestic travel boom stirs growth

Australia’s domestic travel boom has virtually given a much-awaited kick start to its national career, Qantas, which was hard hit by the global pandemic. Obviously, the boom in domestic air travel will fuel job gains in the industry, thus contributing to help recover the corona-battered economy. This was, by and large, due to the prudent management of the pandemic and the government’s ability to make the nation safe through its...