JANUARY 2013 : Opening Message for 2013
At the start of 2012, we were expecting significant challenges and uncertainties. At the close of 2012, we are in a situation where USA is trying to avert the "Fiscal Cliff" as it makes a final push in the stalled negotiations. Europe is still suffering from a spiralling sovereign debt which requires budgets to be restrained and belts to be tightened. The EU and the Eurozone will remain focused on holding together the budget deficit and will take some time to shift their focus to growth strategies. Even China, while managing a soft landing, is projected to grow at a slower though more sustainable 7 to 8% over the medium term, unlike the double digit growth of the last comparable levels as 2010.two decades.
At the same time, some significant uncertainties were resolved in 2012; such as the re-election of Mr. Barack Obama in the US and the smooth transition of China's leadership to Mr. Xi Jinping.
Closer to home, Singapore's GDP is officially forecasted to grow at 1.2% in 2012, and between 1-3% in 2013, relatively low forecasts as compared to the last 2 years. Singapore will continue to be vulnerable to external influence as it is a small open economy. The economic crisis is no longer a threat; it has become an integral part of our daily lives.
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FEBRUARY 2013 : Globelink Pakistan
CWT Globelink has been acknowledged for its efforts at creating a safer CFS environment and has been presented with a safety award. CWT Globelink Group's executive chairman, Mr. Tan Choon Wei is proud to receive this award from Port of Singapore Authority (PSA).
Pakistan is strategically located at the crossroads of South Asia, the Middle East and Central Asia. Ranked as the sixth most populous country in the world, Pakistan is developing rapidly and is South Asia's second largest economy.
Its economy is semi-industralized with centre of growth along the Indus River. Important industries include clothing and textiles (accounting for nearly 60% of exports), food processing, chemicals manufacture, iron and steel.
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