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Singapore

Yearbook 2009

Singapore. According to countryaah, the country's strong but export-dependent economy was noticeably affected by the global economic crisis that had already begun in 2008 and was fully developed at the beginning of the year. Rapidly falling exports caused Singapore to experience an economic downturn during the first part of the year. Industrial production fell sharply during the first quarter. As a result, the economy shrank by 11.5 per cent compared with the same period in 2008. The PAP government faced the situation with large financial stimulus packages of the equivalent of just over SEK 100 billion. As a result, there was a clear recovery already during the second and third quarters of the year. However, during the last quarter the economy again recovered, mainly due to weak results for the manufacturing industry. Overall, the economy shrank by 2.1 percent during the year.

2009 Singapore

Mas Selamat Kastari, leader of the Islamist terrorist organization Jemaa Islamiyya's branch in Singapore, was arrested in April in Malaysia. Kastari was born in Indonesia but had Singaporean citizenship. Kastari was arrested in Indonesia in 2003 and then extradited to Singapore. In February 2008, the terrorist leader managed to escape from prison but was arrested a year later in Malaysia. In May, Malaysia announced that Kastari would remain in Malaysian prison for at least two years.

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