Sign up | Log in



Home  >>   Daily News  >>   Singapore News  >>   Economy  >>   Singapore industry is optimistic
NEWS UPDATES Asean Affairs              30  July 2011

Singapore industry is optimistic

Related Stories

July 28, 2011
Singapore casinos attract foreign workers

July 14,2011
Singapore economy stalls

April 15, 2011
Singapore strengthens currency

February 26, 2011
Singapore's manufacturing output rises

February  24, 2011
Singapore inflation hits 2-year high

February 18,2011
Singapore growth of 4-6 percent for 201

Manufacturers and services firms in Singapore remain optimistic on prospects, according to surveys of business expectations for the third quarter of the year released on Friday.

In the manufacturing sector, a weighted 17 percent of manufacturers expect business conditions to improve while a weighted 5 percent anticipate conditions to deteriorate over the July to December period, according to the Economic Development Board (EDB).

All manufacturing clusters have also projected a higher level of output in the third quarter of 2011, except the chemicals cluster.

Employment prospects in the manufacturing sector for the third quarter are also expected to remain positive, said the survey.

Among all the manufacturers polled, a weighted 97 per cent of them expects employment level in the third quarter to increase or remain similar, compared to the second quarter of the year.

The survey on manufacturers' business expectations for the third quarter was conducted between June and July this year.

Overall, a net weighted balance of 12 per cent of manufacturers expect a more favourable business situation in the next six months ending December, compared to the second quarter.

The transport engineering cluster, which includes rig builders and the aerospace segment, was the most optimistic. A net weighted balance of 24 percent of firms foresee improved business conditions in the second half of this year compared to a quarter ago.

EDB said the marine and offshore engineering segment expects to benefit from robust oil and gas exploration activities on the back of high oil prices, while the aerospace segment anticipates more repair jobs ahead as air traffic remains strong.

For general manufacturing industries, 19 pe cent expect business to improve due to higher festive orders in the food, beverages and tobacco segment in the next two quarters.

In the electronics cluster, 14 percent of firms are optimistic about the business situation, compared to a robust 33 percent in the same period last year.

A separate survey of services companies by the Department of Statistics showed a net weighted 19 per cent are optimistic about prospects in the next six months, up from 17 percent in the survey published in April.

However, it is smaller than the net weighted balance of 33 per cent recorded in the same period last year.

On the whole, a net weighted balance of 21 percent of firms in the services sector anticipate revenue to rise while 17 percent expect manpower to increase for third quarter over the preceding quarter.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    30  July  2011 Subsribe Now !
• Cambodian wins Magsaysay award
Subcribe: Asean Affairs Global Magazine
• Indonesia continues ban on workers to Saudis Asean Affairs Premium
• Indonesia tries to boost local films
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Saudi hiring poses problems to Philippine labor market
• Philippines gets no rating upgrade
• Singapore industry is optimistic
• Thailand should focus on agriculture
• Thai tourism goes after MICE p

Asean Analysis    30  July  2011

Advertise Your Brand
• WEEKLY SUMMARY Sponsor Our Events

Asean Stock Watch    29  July  2011 

• Asean Stock Watch-June 29 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand