Road to Recovery: Singapore's Journey through the Global Crisis

Abbreviations

Abbreviations 3mma three-month moving average ACU Asian currency units ADB Asian Development Bank AEC ASEAN Economic Community AIG American Insurance Group ASEAN Association of Southeast Asian Nations AWS Annual Wage Supplement BIS Bank of International Settlements BLP Bridging Loan Programme bn billion CAR capital adequacy ratio CET continuing education and training CMI Chiang Mai Initiative CMIM Chiang Mai Initiative Multilateralization CPF Central Provident Fund CPI consumer price inflation DBU domestic banking units ECB European Central Bank EDB Economic Development Board EIU Economic Intelligence Unit EME emerging market economies ESC Economic Strategies Committee EU European Union FDI foreign direct investment FGIP Finance Graduate Immersion Programme FTA free trade agreement 00฀RtR฀FM.indd฀฀฀19 7/13/10฀฀฀2:23:02฀PM xx Abbreviations FX foreign exchange FY fiscal year (April–March) G-20 Group of Twenty G-3 United States, eurozone, and Japan GDP gross domestic product GFSR Global Financial Stability Report GIC Government Investment Corporation GST goods and services tax H1-2008 first half of 2008 ILO International Labour Organization IMF International Monetary Fund IR Integrated Resorts IT information technology JCS Job Credit Scheme KLSE Kuala Lumpur Stock Exchange LIBOR London Interbank Offered Rate LHS left hand side MAS Monetary Authority of Singapore M&A mergers and acquisitions MEPS MAS Electronic Payment System MMA month moving average MNC multinational corporation MOF Ministry of Finance MOM Ministry of Manpower MRT Mass Rapid Transit MTI Ministry of Trade and Industry MVC monthly variable component NAFTA North American Free Trade Agreement NEER nominal effective exchange rate NII net investment income NODX non-oil domestic exports 00฀RtR฀FM.indd฀฀฀20 7/13/10฀฀฀2:23:02฀PM Abbreviations xxi NPL non-performing loans NWC National Wages Council PIC Productivity and Innovation Credit PMETs professionals, managers, executives, and technicians Q1-2009 first quarter of 2009 q/q quarter-on-quarter R&D research and development RHS right hand side sa seasonally adjusted saar seasonally adjusted annualized rate SG$ Singapore Dollar SIBOR Singapore Interbank Offered Rate SME small and medium enterprises SPUR Skills Programme for Upgrading and Resilience SRI Special Risk-Sharing Initiative STI Straits Times Index SWF sovereign wealth fund TARP Troubled Assets Relief Programme UEN Unique Entity Number UK United Kingdom U.S. United States US$ U.S. Dollar WB World Bank WDA Workforce Development Agency WEO World Economic Outlook WIS Workfare Income Supplement YA year of assessment Y/Y year-on-year 00฀RtR฀FM.indd฀฀฀21 7/13/10฀฀฀2:23:02฀PM 00฀RtR฀FM.indd฀฀฀22 7/13/10฀฀฀2:23:02฀PM ...