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The evidence that the global economy is facing a significant slowdown is piling up, with declining trade and the weakness in Chinese demand becoming a significant drag on economic activity around the world. The latest data from trade dependent Singapore shows non-oil exports fell at the fastest rate in more than two years in January. Exports fell 10.1% year-on-year, compared to expectations of a decline of 1.6% and shipments to China slid by 25.4%. More worryingly, electronics exports from Singapore, the global hub of semiconductor device fabrication, plunged 15.9%, the worst decline in five years and suggesting that global trade has fallen off a cliff.
On Money Talk on Tuesday, we have Connie Bolland, Founder & Chief Economist of Economic Research Analysis and Independent Analyst, Andrew Sullivan. Providing the view from Japan is Tokyo-based author and journalist, William Pesek.
On Tuesday's Backchat, the Greater Bay Area. The government is announcing an outline development plan for the Pearl River area. How is it different to previous plans? Is it Central Planning? Will it be good for our economy, or put us at risk?
After 9.20, Disneyland Hong Kong's results.
Helping and serving others is the foundation of happiness. Themed as “Spread some Joy this Christmas”, Operation Santa Claus, the annual fundraising event jointly organised by Radio Television Hong Kong (RTHK) Radio 3 and the South China Morning Post (SCMP), has raised more than HK$17 million for 13 charity projects this year.
Guests at the closing ceremony, held at Crown Wine Cellars in Shouson Hill, were entertained by band leader Colin Aitchison and the China Coast Jazzmen. And 13-year-old award-winning local singer Elizabeth Stewart was also on stage to help fill the occasion with warmth. Officiating guests, Director of Broadcasting LEUNG Ka-wing and Chief Executive Officer of South China Morning Post Gary LIU then revealed the total raised -- HK$17,096,327 -- on a specially made extended scroll. They expressed heartfelt thanks for the generous support from individuals, schools, groups of workmates and corporate donors over the past two months.
Among the supporters who made this year such a success, several received special awards during the ceremony. Top School Fundraiser went to Discovery Mind School, while Shung Tak Catholic English College was awarded Most Creative School Fundraiser. This year’s Top Corporate Fundraiser was Morgan Stanley, and Swire Properties was recognized as Most Creative Corporate Fundraiser.
The Closing Ceremony of Operation Santa Claus 2018 was held at Crown Wine Cellars on January 15, 2019. Our great thanks to all our generous sponsors, donors and supporters. Join us now and take a look at the highlights of the ceremony.
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