A slowdown in the economic growth has been estimated for members of ASEAN, by as much as 1.5% point this year - if the price of oil remains above US$60 a barrel. ASEAN economies may expand as little as 4.5% this year. However, companies in Singapore continue to be optimistic about business conditions for the next 6 months as the size and number of new orders and businesses see an increase for Q2 of this year. Bigger companies perceive China as a market that offers the brightest business prospects for the next six months. On the other hand, smaller businesses are more optimistic about Indonesia and Malaysia. Infrastructure is being planned and developed accordingly. To accommodate ExxonMobil's planned second world-scale petrochemicals complex, JTC Corporation is re-aligning and diverting a part of the main highway on Jurong Island.
23-Aug-05 
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