Singapore’s electronics sector shrinks after two years of expansion
Singapore’s manufacturing sentiment fell in August to its lowest point in two years, with the Purchasing Managers’ Index (PMI) for the electronics sector recording the sharpest contraction after 24 consecutive months of expansion.
Singapore (VNA) – Singapore’s manufacturingsentiment fell in August to its lowest point in two years, with the PurchasingManagers’ Index (PMI) for the electronics sector recording the sharpestcontraction after 24 consecutive months of expansion.
According to the Singapore Institute of Purchasing and Materials Management(SIPMM), Singapore's electronics sector PMI decreased by 0.9 points fromJuly to 49.6 in August, making the country’s PMI edge down 0.1 points from the previous month to remain onexpansion at 50.
The result was attributed to a contraction in the key indicesof new orders, new exports, output and inventory, SIPMM said.
UOB senior economist Alvin Liew said Singapore's electronicsector PMI was displaying the same pattern of slowdown seen in the Republic ofKorea and Taiwan (China), both electronics production powerhouses.
Meanwhile, chiefeconomist at OCBC Bank Selena Ling said although manufacturing PMI recorded its26th consecutive month of expansion, the signs are not encouraging and achallenging road is lying ahead.
Economists said a potentially much slower electronics performance and weakerdemand from North Asian economies could increasingly weigh on non-oil domesticexports momentum and domestic manufacturing demand./.
Singapore is ramping up the purchase of electricity generated in Laos, the first step in the tiny country’s ambitions plan to import renewable energy that it has little space to produce at home.
Singapore will get rid of requirements to wear masks indoors starting August 29, following more stable COVID-19 situation in the country, said the health ministry on August 24.
Singapore and Brunei have pledged to deepen cooperation in the fields of energy, green economy, and food and medical supply resilience, according to Singapore’s Ministry of Trade and Industry (MTI).
Singapore recorded a year-on-year increase of 4.8% in July core inflation, compared to the 4.4% rate in June, according to the country’s Ministry of Trade and Industry (MTI).
Singapore and Indonesia have committed to continue work to improve connectivity between the two nations, as travel restrictions ease and economic activities on both sides resume.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Illustrative image (Photo: //www.businesstimes.com.sg/) 
