MAS lists key support for Singapore economy

The Monetary Authority of Singapore (MAS) said in its half-yearly macro-economic review published Wednesday 25 April, that the booming oil rig and biomedical sectors will provide key support for the economy in 2007.

The MAS kept its forecast of 4.5-6.5 percent overall growth for the year unchanged but said the economy remained vulnerable to external risks.

"For the remainder of 2007, the non-IT industries will be the main pillar of support for the Singapore economy," MAS said.

"In particular, t