Singapore expanded 2% in 2015, trailing official forecast of 2.1% and well below the 2014 rate of 3.3%.
Growth was earlier pegged at 2.1 percent but a sharp downturn in manufacturing amid a global slowdown drove growth figures lower.
Core inflation, which excludes accommodation and private road transport, was at 0.4 per cent, compared to 0.3 per cent in December.
The country's Competition Commission said that there is no evidence to suggest collusion in petrol pricing among retailers.
The Sterling is down 1% so far this month and hovers near a 7-year low versus US dollar.
Exports rose 3.7 percent in the fourth quarter, helped mainly by Ringit's decline against the dollar.
'Manufacturing and jobs growth are contracting and there are signs that services are starting to buckle'
Beijing's military spending last year was over 10 percent of the budgetary spending, at $136.4 billion.
Lee highlights the advantages of the united bloc, saying the combined population of 600 million will emerge as a significant consumer market.
The more than expected contraction in the economy also spurred speculation about further monetary easing.
Lower oil prices and rising demand for travel can be used to open the skies further, Tharman said.
North Korea says it was "kicking out" all South Koreans from the jointly run industrial zone and designates Kaesong as a 'military zone'.
The complex produced around $500 million of goods in 2015, making it the biggest single contributor to inter-Korean trade.
Yellen admits tighter credit markets, volatile financial markets, and uncertainty over Chinese economic growth posed greater risk to the US economy.
Though the weak oil prices have depressed sentiment, it also means lower energy expenses for a whole lot of businesses.