Singapore – 1Q 2019 GDP (Advance)
12/04/2019 10:19 am MYT
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Based on advanced estimates, the Singapore economy grew by 1.3%, year-on-year, in 1Q 2019 – see figure 1.

In 1Q 2019, the manufacturing sector contracted 1.9%, a reversal from the 5.1% growth in the previous quarter. The sector was weighed down by output declines in the precision engineering and electronics clusters, which more than offset output expansions in the biomedical manufacturing and transport engineering clusters. Meanwhile, the construction sector expanded by 1.4% from a year ago, which is the first quarter of positive growth following ten consecutive quarters of decline. The expansion was driven by immprovements in private sector construction activities.

The services-providing industries expanded by 2.1% (see table 1), supported by the information & communications and business services sector.

On a quarter-on-quarter seasonally adjusted annualised basis, real GDP increased by 2.0% in 1Q 2019. The manufacturing sector contracted by 12%, a sharper decline than in the previous quarter – see table 2.

 

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Note from Publisher
The Malaysian parliament has approved to lower the voting age from 21 to 18. Once this bill becomes law, a person who turns 18 will automatically become a voter, unlike in the previous system where a person needs to register in order to become a voter even though he/she has reached the legal age. So, in the next general election due on 2023, as many as 7.8 mln people would be added to the electoral roll, bringing the country's total number of voters to 22.7 mln.

By lowering the voting age, Malaysia is following the trend in other countries. With the exception of Singapore, which still maintains a voting age of 21, most people in Southeast Asia can vote when they turn 18. While allowing more people to participate in the democratic process is a positive move, the change should not stop at the revision of voting age, if the country wants to reap the benefits of this revision. The younger voters need to be properly educated on the responsibility of being a voter, Malaysia’s political and electoral systems. Malaysia also needs to have more public forums that constructively debate major issues facing the country. Otherwise, Malaysia will have more populist politicians and populist policies and hence on a faster route to oblivion.
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