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Both articles are summarised well. Can you find at least one more recent article, and once you have 3 recent articles, you can find more older articles published any time.

There are some interesting points that you've picked up, and you can dig deeper into some of those issues. For example, what is "STEM", and why is it vital for knowledge-based economy? Why does SG govt has "stricter manpower policies"? Although unemployment rate is low in SG, which type of unemployment does SG have and what are the factors causing it?

You don't have to answer all of these questions, but definitely worth doing more research on them to make your report more interesting and meaningful.

Let me know if you need further clarification.
Mr Kinya

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Concepts that are applicable to our topics:  

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Concepts that are applicable to our topics:  

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1.GDP
2.Inflation Rate
3.Unemployment Rate

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Article 1: Singapore's Economy grew by 4.3% 

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Article 1: Singapore's Economy grew by 4.3% 

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1. Manufacturing sector is the key growth driver in the first quarter in 2018, biggest contributors from electronics and precision engineering sectors.

2. STEM is vital for our knowledge-based economy, as it would contribute and boost our manufacturing sector.

3. Singapore’s GDP has an overall increase of 4.3%, highest increase of 10.1% in manufacturing sector and a decrease of 4.4 in construction sector in year 2018

4. Economy’s main engine of growth this year to switch from manufacturing to the services sector.

5. The Construction sector under Goods Producing Industry has not been doing well for the past few years, their GDP for the first quarter of 2018 is -4.4%.

6. This year’s increase in GDP and final GDP is in line with the economist’s expectation of 4.3% growth.

7. Overall, ¾ of the industries are doing well, as there are improvement of GDP however only construction GDP decreased.

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SINGAPORE - Singapore's economy expanded 4.3 per cent in the first three months of 2018 on the back of strong manufacturing growth, according to Ministry of Trade and Industry (MTI) advance estimates out on Friday.

This year-on-year rise was in line with economists' expectations of 4.3 per cent growth, and beat the 3.6 per cent expansion in the final quarter of 2017.

The manufacturing sector continued to be the key growth driver in the first quarter, expanding 10.1 per cent, faster than the 4.8 per cent growth in the preceding three months. All clusters within the sector saw growth, with the biggest contributors being the electronics and precision engineering clusters.

Services, which make up two-thirds of the economy, grew 3.8 per cent year-on-year in the first quarter, slightly up from the 3.5 per cent growth in the fourth quarter. Growth was primarily supported by the finance and insurance, and wholesale and retail trade sectors.

DBS economist Irvin Seah expects the economy's main engine of growth this year to switch from manufacturing to the services sector.

"While growth in the manufacturing sector will moderate as global economic conditions normalise, the strength in the services sector is likely to persist, thanks to positive spillover from the global recovery to the domestic sector," he said.

BMI Research said that despite the strong first quarter growth numbers, it is keeping to its forecast for full-year growth of 3 per cent in 2018 "as the manufacturing sector moderates and as rising interest rates present downside pressures to economic growth. "

It added that the government's expansionary budget is likely to provide a degree of support.

MTI's flash estimates also showed that the construction sector remained weak, seeing a 4.4 per cent contraction, in an extension of the previous quarter's 5 per cent decline. This was due to falls in both private sector and public sector construction activities.

UOB economist Francis Tan, however, expects that the rise in en bloc activity during 2017 will support private sector construction this year.

Similarly, Mr Seah believes "the worst is over for the construction sector", citing the sector's seasonally-adjusted 4.1 per cent quarter-on-quarter growth in Q1, following four consecutive quarters of contraction.

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Singapore economy grew 4.3% in Q1 of 2018, boosted by strong manufacturing growth

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SINGAPORE - Singapore's economy expanded 4.3 per cent in the first three months of 2018 on the back of strong manufacturing growth, according to Ministry of Trade and Industry (MTI) advance estimates out on Friday. This year-on-year rise was in line with economists' expectations of 4.3 per cent growth, and beat the 3.6 per cent expansion in the final quarter of 2017.

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Article 2: Retrenchment Rates reaches 7-year low

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Article 2: Retrenchment Rates reaches 7-year low

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1. Retrenchment Rates in Singapore reaches 7-year low and expected to remain low for 1H 2018. This shows a strong growing economy.

2. Overall Unemployment Rate continue to decline to 2%, however it would be hard to achieve further improvement in the rate. Uneven hiring across different sectors can lead to fluctuating unemployment rates.

3. Stricter manpower policies could be limiting overall employment growth which in turn affect economic growth.

4. The service sector continue to see an increase in employment.

5. Key to long-term improvement in unemployment rates lies in ensuring that workers have the relevant skills needed in this knowledge-based economy.

6. Challenge for Gross Domestic Product growth to sustain at current rates if employment growth remains soft.

7. Community, Insurance, Social, Transportation sector is increasing in employment rate.

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SINGAPORE - The labour market has continued to show slight improvements in the first quarter of 2018, with retrenchment numbers the lowest in nearly seven years and the unemployment rate of residents hitting a two-year low.

In a labour market report released by the Ministry of Manpower (MOM) on Friday (April 27), preliminary data showed that the number of retrenchments in the first quarter of this year was 2,100, a drop from 3,680 in the preceding quarter and half the 4,000 in the same quarter last year.

The latest figure is also the lowest since the third quarter of 2011, when the number of retrenchments stood at 1,960.

Retrenchments declined over the first quarter of this year in manufacturing, construction and services, said MOM in the report.

The overall unemployment rate too has fallen to 2 per cent, from 2.1 per cent in the preceding quarter.

The latest resident unemployment rate is 2.8 per cent, down from 3 per cent in the previous quarter - the lowest since the first quarter of 2016 - while that of citizens remained unchanged at 3 per cent.

The estimated number of unemployed citizens dipped from 58,600 to 57,900, said the report.

Total employment, excluding foreign domestic workers, contracted by 2,100 in the first quarter of this year. MOM said this was due largely to a decrease in work-permit holders in the construction and marine shipyard sectors.

It added that sectors such as community, social and personal services, financial and insurance, information and communications, as well as transportation and storage, continued to see an increase in employment.

However, MOM cautioned: "While unemployment rates have declined from a year ago, further improvement will be harder to achieve."

It added: "Addressing potential job-skills mismatches remains critical, as the economy restructures and the profile of the resident labour force evolves."

In a Facebook post on Friday, labour MP Patrick Tay said he was glad to see that retrenchments had fallen significantly, adding that he expected retrenchment numbers to remain low for the first half of the year.

But the assistant secretary-general of the National Trades Union Congress cautioned: "Although this may suggest an improved economic outlook... we have to be mindful that there may still be pockets of layoffs in some firms and sectors due to technological disruption and business restructuring as the economy transforms."

Economists said the decline in retrenchment numbers is encouraging and is in line with the improvement in overall business performance. But they said it was too early to tell if the labour market is on a firm footing.

Associate Professor Randolph Tan of the Singapore University of Social Sciences, pointing to the uneven hiring across sectors, said the unemployment situation could still fluctuate.

He added that the key to long-term improvement lies in ensuring that workers have the skills needed by companies in the ongoing economic transformation.

Maybank Kim Eng economist Chua Hak Bin, meanwhile, found the total employment number "disappointing", adding that stricter manpower policies could be limiting overall employment growth, which could affect economic growth.

"It's hard to imagine, in the longer term, that (gross domestic product) growth can be sustained at around 3 per cent if employment growth remains soft," he said. "We are pretty much at full employment and the risk is, with the tight foreign manpower restrictions, whether wage pressures will flare up more visibly."

Prof Tan, though, noted that the continued decline in employment for sectors such as construction and marine shipyard has not had a massive spillover effect. He said this was likely due to initiatives to prevent skills mismatches from worsening, and because demands from sectors are still being met by the domestic labour pool.

CIMB Private Bank economist Song Seng Wun expects improvements in the labour market to continue in the second half of the year, where there tends to be more job creation in the service sector. However, he added, this is barring a significant shift in sentiments because of a trade war, given increasing tit-for-tat protectionism measures between the United States and China.

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Retrenchments lowest in nearly 7 years, decline in unemployment rate: MOM report

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SINGAPORE - The labour market has continued to show slight improvements in the first quarter of 2018, with retrenchment numbers the lowest in nearly seven years and the unemployment rate of residents hitting a two-year low.