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NEW UPDATES Asean Affairs   5  November 2015  

Singapore’s manufacturing activity contracts for 4th straight month

SINGAPORE: Manufacturing activity in Singapore contracted for the fourth straight month in October, due to further weakness in new export orders and production, according to the Singapore Institute of Purchasing and Materials Management.

The latest Purchasing Managers' Index (PMI) reading on Tuesday (Nov 3) came in at 48.9, a slight improvement from the September reading of 48.6. A reading above 50 means that the manufacturing economy is generally expanding, while a reading below 50 indicates contraction.

A separate PMI for the electronics sector also contracted in October, coming in at 48.6, compared to 48.5 in September.

According to DBS, it could take more than six months before manufacturing shows signs of recovery.

Said Mr Irvin Seah, a senior economist at DBS: "China now is a big concern for everyone. So if China's deceleration persists, we could potentially see even more downside on the manufacturing sector than uptick. So I personally think if we were to see any improvement, we may have to wait till the second half of next year."

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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






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