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NEW UPDATES Asean Affairs  18 June 2015  

Singapore’s exports drop 0.2% year-on-year in May

SINGAPORE: Non-oil domestic exports (NODX) in Singapore fell 0.2 per cent on-year in May, due to an decrease in electronic exports, according to statistics released on Friday (Jan 16) by International Enterprise (IE) Singapore.

The fall in exports comes after a 2.2 per cent expansion in the previous month.

Electronic exports fell 2.5 per cent on-year, following the 4.0 per cent decline in the previous month. The decrese was largely due to parts of ICs (-69.6 per cent), parts of PCs (-26.4 per cent) and disk drives (-29.0 per cent), IE Singapore said.

Non-electronic exports expanded by 0.8 per cent, following the 4.7 per cent rise in the previous month. The incerase was led by non-electric engines & motors (+460.3 per cent), other specialty chemicals (+32.2 per cent), and heating & cooling equipment (+169.5 per cent).

On a year-on-year basis, NODX to all of the top 10 markets – except US, South Korea, Thailand and Hong Kong - fell last month. The top three contributors to the decline were Indonesia, the EU 28 and China, according to the agency, which drives Singapore's external trade.

Non-oil re-exports (NORX) declined by 2.7 per cent on-year in May, after the 2.1 per cent contraction in the previous month, due to a decrease in both electronic and non-electronic re-exports.

Electronic re-exports fell by 1.8 per cent, following the 2.3 per cent decline in the previous month, IE Singapore said. The contraction was due to ICs (-2.2 per cent), parts of ICs (-44.5 per cent) and consumer electronics (-27.2 per cent).

Non-electronic NORX decreased by 3.7 per cent, after the 1.8 per cent decline in the previous month. The contraction was due to piston engines (-48.3 per cent), petrochemicals (-23.1 per cent) and tin (-49.4 per cent).

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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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