Singapore Economic Development Board (EDB)

Services and manufacturing firms in Singapore are looking at dim prospects in the second half of this year as the Covid-19 health-turned-economic crisis continues to thwart their operations.

Singapore’s factory output remained in the red with a 6.7% year-on-year contraction in June, following volatility in the biomedical cluster. This marks the metric’s second straight month of decline.

A further drop in the cluster’s output was mitigated by a 2.8% growth in the machinery and systems segment. This was enabled by stronger production of semiconductor equipment.With a 1.0% fall, the electronics cluster was the last to register a contr

The good performance of the pharmaceutical sector suggests “Singapore is well-positioned to produce and export medical necessities,” says United Overseas Bank (UOB) economist Barnabas Gan.

SINGAPORE (Nov 5): BCG Digital Ventures, the global corporate venture, investment and incubation arm of Boston Consulting Group, has announced plans to open a new Innovation Centre in Singapore in the first half of 2020.

SINGAPORE (Aug 24): Singapore's industrial production growth slowed slightly on-year in July from a month ago, but still came in above forecasts, data showed on Friday.

SINGAPORE (Sept 26): Singapore's industrial production remained on a roll in August, growing more than expected due to robust electronics output, data showed on Tuesday.

SINGAPORE (June 8): Honeywell Process Solutions (HPS) will be establishing a new industrial cyber security centre of excellence (COE) for Asia Pacific in Singapore.

SINGAPORE (April 18): Keppel Infrastructure Holdings has signed an agreement with the Singapore Economic Development Board (EDB) to develop, own and operate a gasification facility on Jurong Island, Singapore.

SINGAPORE (April 18): American multinational consumer goods company Procter & Gamble (P&G) today launched its first digital innovation centre in Singapore, with Minister for Trade and Industry S Iswaran present as the guest of honour.