SINGAPORE’S factory sector returned to growth in October, after a worse-than-expected decline in the month before, with help from a rebound in the volatile biomedical manufacturing cluster. Industrial production rose 16.9 per cent year on year, against the decrease of 2.2 per cent in September, and higher than the median estimate of 14.5 per cent […]
Read MoreSINGAPORE – Job roles in the logistics sector are on the “move” with the adoption of Industry 4.0 technology solutions, with changes or displacement of positions expected in the next three to five years. Of 56 positions studied in the Jobs Transformation Map (JTM) for the sector, about 54 per cent of job roles – […]
Read MoreAT least 1 in 2 job roles within the logistics sector will undergo at least a medium degree of change or undergo displacement in the coming 3 to 5 years with the adoption of Industry 4.0 (I4.0). A total of 56 job roles were studied, and 30 job roles (54 per cent) will experience at […]
Read MoreSINGAPORE – Singapore raised its 2021 trade forecasts for the fourth time, amid better-than-expected performance, robust global semiconductor demand and higher oil prices. But export growth is forecast to ease sharply in 2022 due to the high base this year and as the economic recovery for Singapore’s key trade partners slow. Total merchandise trade in 2021 is now expected to […]
Read MoreSINGAPORE – Singapore’s economic growth will slow to between 3 per cent and 5 per cent next year amid an uneven recovery at home and lingering uncertainty over global growth, the Ministry of Trade and Industry (MTI) said on Wednesday (Nov 24). MTI said gross domestic product (GDP) growth this year will come at around […]
Read MoreSINGAPORE – Fixed asset investment (FAI) commitments in Singapore rose to $3.7 billion in the July to September period this year, according to the Ministry of Trade and Industry’s Economic Survey released on Wednesday (Nov 24). The commitments, garnered by the Economic Development Board, are up from $3.6 billion in the previous quarter and $2.07 […]
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