Economic Development Board (EDB)

The investment in the JV is funded using the proceeds from Leader Environmental Tech’s rights issue and bank borrowings.

“[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.

"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.

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

For now, economists expect the worst to be over.

SINGAPORE (Nov 26): Singapore’s industrial production came in stronger than expected in October, increasing 4.0% year-on-year on the back of a 24.0% jump in biomedical manufacturing output.

SINGAPORE (Nov 4): “Being obsessed with the movement of some money and people to Singapore — and ignoring the movement of people and money elsewhere to [the US], Canada, Australia, the UK, especially for their professional talents — just misses the

SINGAPORE (Oct 31): More firms in Singapore’s manufacturing sector are predicting a less favourable business outlook in the next six months compared to 3Q19, according to a survey by the Economic Development Board (EDB).

(Oct 25): Singapore’s factory output unexpectedly increased in September as a slump in electronics moderated and pharmaceuticals production surged.

SINGAPORE (Sept 27): Economists are scaling back their forecasts for 2019, after Singapore’s industrial output fell 8% year-on-year – the worst performance since December 2015.