Manufacturing
Venture Corporation profits grew 8.6% to $90.87m in Q1
The broad-based growth in its technology domains and customer programme executions boosted earnings.
IBM to shut down Tampines plant amidst global restructuring
All of its workers will be retrenched.
Keppel Infrastructure Trust hauls $500.8m in equity fundraising
The proceeds will be used to partially repay a loan facility to fund the acquisition in Ixom.
German conglomerate thyssenkrupp to launch 3D printing hub in Singapore
It will focus on additive manufacturing of metal and plastic for clients in heavy industries.
Rising PMI could signal stabilising manufacturing environment: analysts
The increase was in line with improving PMI readings in Vietnam, China, Thailand and South Korea.
Chart of the Day: Manufacturing output growth hits 0.7% in February
On a month-on-month basis, manufacturing output decreased 4.1%.
NODX edged up 4.9% in February
The 9.4% YoY growth in non-electronic NODX outweighed the decrease in electronics.
Singapore PMI down 0.3 point to 50.4 in February
It hit the sixth month of decline due to slower growth in new orders, exports, and factory output.
Venture's profits slipped 0.7% to $370m in FY2018
It was hit by its customers’ product transitions and M&A activities.
Boustead Projects bags $70 million factory deal
The facility will have a gross floor area of approximately 36,300 sq m.
NODX slipped 10.1% in January
This is the worst NODX performance since October 2016.
NODX edged up 4.2% in 2018
The growth was driven by the 8.2% increase in non-electronic NODX.
Can Venture Corporation recover and regain investor confidence?
Its major customers, Illumina and Philip Morris, guided for growth in 2019 but trade war risks remain.
Singapore PMI down 0.4 point to 50.7 in January
The growth of new orders, new exports and factory output slowed down.
Singapore's manufacturing sentiment sours for H1 2019
Manufacturers are less optimistic amidst weakening demand.
Singapore manufacturing inched up 2.7% in December 2018
Manufacturing output rose 7.2% in 2018.
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