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Singapore economy
Singapore manufacturing output for May down 10.8%, prompting economist to warn of technical recession
On a seasonally adjusted month-on-month basic, output was down 3.9%
June 26, 2023
Singapore economy
Singapore's factory output reverses into the red with 0.9% dip in October
Singapore’s factory output hit by broad-based declines in October
November 26, 2020
Singapore economy
Singapore's factory output continues to grow with 24.2% expansion in September
Things have been looking up for Singapore’s factory output
October 26, 2020
Broker's Calls
ST Engineering to see weaker aerospace business but other defence segment resilient
While aviation is likely to cause ST Engineering to experience weakened earnings going forward, stable defence earnings and robust balance sheets will likely see dividend remain constant.
May 18, 2020
Singapore economy
Singapore's factory output makes a surprise 16.5% expansion, but expected to take a hit with 'more pronounced' impact of Covid-19 : EDB
“[A] more pronounced impact [on factory output] is likely to be seen from April 2020 onwards due in part to the implementation of the ‘circuit breaker’ measures,” says EDB.
April 24, 2020
Contracts
ST Engineering reports contract wins worth more than $1.6 bil for aerospace, electronics arms in 1Q
These contracts are over and above a defence contract that its land systems arm secured for the production and supply of the Hunter Armoured Fighting Vehicle from the Singapore Ministry of Defence.
April 20, 2020
Singapore economy
Singapore's factory output dips 1.1% in Feb, but more contractions to come this year, say economists
"Even without the US-China trade war, the Covid-19 pandemic is the black swan event that has... impacted global demand and dashed hopes of a manufacturing rebound,” says Selena Ling, who heads OCBC’s treasury research and strategy department.
March 27, 2020
Singapore economy
3.4% increase in Singapore’s January 2020 factory output surprises market watchers
The 3.4% increase in factory output exceeds the 5.8% drop predicted by private-sector economists in a Bloomberg poll, amid expectations of lower output from the earlier than usual Chinese New Year vacation, as well as uncertainty from Covid-19
February 26, 2020
Emerging Markets
How developing countries create industrial champions
For many firms in emerging and developing economies, emulating the successes of Samsung and Hyundai may seem like an impossible dream. But the rapid economic growth of Japan, South Korea and other Asian countries in the second half of
January 23, 2020
Company in the news
Global Invacom relocates China operations to the Philippines amid rising costs, warns of net loss for FY19
As one of the MNCs affected by US-China trade war tariffs, Global Invacom will completely cease operations in China and relocate to the Philippines by June.
January 15, 2020