Business outlook unclear

Business outlook unclear

SINGAPORE (Dow Jones): Singapore Prime Minister Goh Chok Tong said on Monday the island-state's economic outlook remains unclear and worse problems can come if the regional situation deteriorates, particularly in Indonesia.

"Our neighbors, especially Indonesia, are burdened with deep economic, social and political difficulties," the prime minister said in his Chinese New Year's message, released early Monday.

"If their problems get more complicated, investor sentiment towards the whole region will become pessimistic. This will slow the pace of our own recovery," he said.