Singapore’s factory output rises 24.2 percent in September

Singapore's factory output might be a bright spot in the economy, thanks to the booming pharmaceutical and electronics sectors, according to the country’s Economic Development Board (EDB).
Singapore’s factory output rises 24.2 percent in September ảnh 1Manufacturing output surges 24.2 percent last month (Photo: straitstimes.com)

Singapore (VNA) -  Singapore's factory output might be a bright spot in theeconomy, thanks to the booming pharmaceutical and electronics sectors,according to the country’s Economic Development Board (EDB).

Manufacturing output surged 24.2 percent last month, compared withthe same month last year - the biggest year-on-year increase since December2011.

Excluding biomedical manufacturing, output grew 8.5 percent.

Biomedical manufacturing production expanded by 89.8 percent yearon year. On a year-to-date basis, the biomedical manufacturing cluster grew26.6 percent compared with the same period a year ago.

The electronics sector also posted robust growth of 30.1 percentlast month. This was led by the semiconductor segment, which grew 37.4 percent,supported by demand from cloud services, data centres and the 5G market, EDBnoted.

The demand for chips remains strong, economists noted.

Chemicals also saw a slight increase in output, by 0.4 percent.The specialities segment grew with higher output in industrial gases andadditives. But the petrochemicals and petroleum segments contracted on the backof plant maintenance shutdowns.

The transport engineering cluster recorded a 35.8 percent plungein output last month.

Growth is expected to remain unevenacross different clusters and segments, as some such as transport engineeringwere hard hit by COVID-19 outbreak./.
VNA

See more

The DITP predicts the Chinese market for dried and preserved fruits will reach 335.3 billion CNY (46 billion USD) by 2028. (Photo: The Nation)

Thailand leads dried fruit exports to China

The DITP predicts the Chinese market for dried and preserved fruits will reach 335.3 billion CNY (46 billion USD) by 2028 and is urging Thai businesses to capitalise by developing innovative, high-quality products.

Singaporean Minister for National Development Desmond Lee (Photo: straitstimes.com)

Singapore makes efforts to upgrade social housing

Singaporean Minister of National Development Desmond Lee said on February 17 that 29,000 flats built in 1997 or earlier have been chosen for the Housing Board’s Home Improvement Programme (HIP) and will get structural improvements and upgrades to bathrooms and entrances, among other things.

Indonesia's Ministry of Marine Affairs and Fisheries is encouraging the utilization of marine biopharmaceuticals. (Photo: Antara)

Indonesia promotes Marine Biopharma in healthcare

The ministry's Director General of Marine and Ocean Space Management Victor Gustaaf Manoppo stated that this initiative aims to enhance national pharmaceutical resilience while empowering coastal communities involved in the supply chain of natural medicinal ingredients.

Myanmar cracks down on online scam centres

Myanmar cracks down on online scam centres

An estimated 220,000 people were estimated to have been tricked into working for romance-investment schemes, crypto fraud, money laundering and illegal gambling in Myanmar and Cambodia in 2023.

People get vaccinated against influenza in Thailand. (Photo: Xinhua/VNA)

Thailand sees surge in influenza cases

Thai Public Health Minister Somsak Thepsutin said there has been a big jump in infections in February, calling on people showing symptoms that could be flu to stay home, to prevent spreading the virus.

Thai PM Paetongtarn says AI technology needs to be adopted and regulated to help drive the Thai economy. (Photo: bangkokpost.com)

Thailand touts draft AI regulation

AI is expected to become a key tool in driving businesses and developing industries in Thailand, said Prime Minister Paetongtarn Shinawatra.

At the Korea-Malaysia Trade Ministers' Meeting in 2023 (Photo: Koreaherald.com)

Malaysia, RoK resume FTA talks

The latest round of talks will take place in Kuala Lumpur from February 17 to 20, with discussions covering 11 key sectors, including goods, services, investment, and economic cooperation.