manufacturing

Natural Cool makes foray into F&B industry with million-dollar acquisition
SINGAPORE (Feb 19): Natural Cool Holdings, the air-conditioning and switchgear specialist, is venturing into the food and beverage (F&B) industry by acquiring the business and assets of Yummy YM and SFB Global for $0.98 million. Yummy and SFB Global are the manufacturers, distributors and retailers of cooked-food products and beverages & confections, respectively. The former company ...
Singapore has a shipping rival less than 30 kilometres away
SINGAPORE (Feb 1): Indonesia wants to re-position its Batam island as an alternative shipping and manufacturing hub to Singapore with a potential to draw US$60 billion ($80.8 billion) in new investment. Batam and nearby islands -- located at less than 30 kilometers south of Singapore -- have attracted about US$20 billion dollars of investment and they were declared a free-trade zone in 2007. ...
Bright spots to be found in bleak 2019 global growth outlook: Fitch
SINGAPORE (Jan 18): Fitch Ratings says decent US domestic demand and real GDP growth of over 6% for China are still two achievable scenarios in 2019, in spite of market concerns of a sharp downturn in growth this year. According to a note issued by Fitch on Thursday, the ratings agency says the broad contours of its Dec 2018 Global Economic Outlook (GEO) forecasts for 2019 – which entail ...
December early indicators show China slowed for a seventh month
BEIJING (Dec 28): China’s economy slowed for a seventh straight month in December, as the trade war, subdued domestic demand and decelerating factory inflation combined to undercut growth. That’s the signal from a Bloomberg Economics gauge aggregating the earliest-available indicators on business conditions and market sentiment. The data suggest the government’s stimulus approach and the ...
Enterprise Singapore and Bpifrance call for proposals on joint France-Singapore innovation projects
SINGAPORE (Sept 18): Enterprise Singapore and Bpifrance are calling for proposals on joint innovation projects in technological and application areas including advanced manufacturing, clean technology and medical technology. Enterprise Singapore is a statutory board under Singapore’s Ministry of Trade and Industry, while Bpifrance is the agency charged to help French companies develop by ...
Singapore's manufacturing talent must evolve to address new challenges: Randstad
SINGAPORE (Sept 5): A growing number of companies in Singapore’s manufacturing sector have been jumping on the digital bandwagon by exploring how manufacturing intelligence and automation can help meet their business objectives, reduce cost and improve efficiencies, according to Randstad Singapore’s observations. In its latest Manufacturing Workforce Trends report, the recruitment firm ...
Singapore posts 11.8% higher NODX in July on non-electronic export growth
SINGAPORE (Aug 17): Singapore’s non-oil domestic exports (NODX) grew by 11.8% y-o-y in July this year after the 0.8% increase in June, as non-electronic NODX grew to outweigh the decline in electronics. This is according to Enterprise Singapore’s latest external trade figures for July 2018, which reflected that growth of NODX to the majority of Singapore’s top 10 markets was driven ...
MTI foresees slower 2H for Singapore's economy; maintains 2018 GDP growth forecast at 2.5-3.5%
SINGAPORE (Aug 13): The Ministry of Trade and Industry (MTI) expects Singapore’s economic pace of expansion to moderate in 2H18 against an external backdrop of a weakening global growth outlook, as well as increased uncertainties and risks in the global economy. This comes even as MTI maintains its GDP growth forecast for 2018 at 2.5-3.5%, highlighting the “strong performance” of the ...
Thakral Corp's 1H18 earnings rise 50% to $4 mil on higher revenue
SINGAPORE (Aug 2): Thakral Corporation reported a 50% rise in 1H18 earnings to $4 million compared to its earnings of $2.7 million a year ago. This came on the back of strong revenue growth from both its core businesses, investment and lifestyle.   For the 2Q ended June, Thakral posted $1.7 million in earnings, up 45% from $1.2 million in 2Q17. Revenue for 1H18 grew 18% to $84.1 ...
Local manufacturing firms increasingly optimistic amid ongoing trade war: EDB survey
SINGAPORE (July 31): Positive business sentiment is on the uptrend among Singapore's manufacturers even with the ongoing US-China trade war, according to the Economic Development Board’s (EDB) Survey of Business Expectations of the Manufacturing Sector for 3Q18. Compared to the EDB’s findings over 2Q, a net weighted balance of 5% of Singapore’s manufacturers are expecting output to ...