Singapore enjoys GDP boost

Singapore’s economy continues to grow, according to figures released yesterday by the Ministry of Trade and Industry that revealed a GDP rise of 8.5 per cent in the first-quarter of 2011. The increase marked a rise of 23.5 per cent compared to the previous quarter, led primarily by the manufacturing, services and construction sectors. Singapore's central bank allowed an immediate rise in the value of its currency dollar to help tackle inflation, which it said would likely stay elevated.