Singapore – 2Q 2019 GDP (Advance)
12/07/2019 10:38 am MYT
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Based on advanced estimates, the Singapore economy edged up by 0.1%, on a year-on-year basis in 2Q 2019, a slower pace compared with the previous quarter – see figure 1.

In 2Q 2019, the manufacturing sector contracted 3.8%, mainly due to output declines in the electronics and precision engineering clusters. Meanwhile, the construction sector expanded by 2.2% from a year ago, supported by the public sector construction activities.

The services-providing industries expanded by 1.2% (see table 1), supported by the finance & insurance, other services industries, and information & communications sectors.

On a quarter-on-quarter seasonally adjusted annualised basis, real GDP contracted by 3.4% in 2Q 2019, due to broad based slowdown in all major sectors– 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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