High oil prices are kind of benefiting Singapore in a way. We're seeing some increase in the order books of all these companies, the oil rig manufacturers.

It's a respectable number for the wrong reasons. It's still oil that's driving imports whilst electronics, which are the No.1 export, are still down. We will surely see some slowdown in exports.

Continuous strength in the electronics sector will drive growth in NODX in December.

We are maintaining our full-year 2005 GDP estimate at 4.8 percent, which implies an improvement in the fourth quarter to 5.1 percent.

They want to help pre-empt a build-up in inflationary pressures, which is likely to follow after the fuel price increase. They are now being more proactive rather than reacting to the situation.

There is significant saving on interest payments because of lower interest rates.