Manufacturing

The loan is linked to the group's sustainable initiatives.

It surpassed the Bloomberg consensus estimate of 14.5%.

Schneider Electric - These days, business growth in the manufacturing sector relies more heavily than ever on both the resilience and the agility of operations. Manufacturers who are able to alter their production lines to meet a spiking demand quickly generate profits, while others who are slow to react are forced to downsize operations. As consumers become accustomed to Amazon-like rapid logistics and fast deliveries, many manufacturers seek to emulate this ability and to address customer demand in a highly flexible manner.

SG is the only APAC country to achieve two UN sustainability goals. 

Three of the four initiatives were spearheaded by Enterprise Singapore.

The profit increase was driven by a revenue jump of 53% YoY to $184m.

The increase contributed to the $186m total net profit by Q3.

Meanwhile, 6% are pessimistic about the next 6 months.

The profit increase drove its earnings per shares higer to RM0.9591.

Precision engineering, transport engineering and chemicals contributed the most. 

Singapore PMI recorded an expansion of 50.8.

Singapore's PMI eased slightly by 0.1 points to 50.8 in September.

The electronics cluster showed the most optimism.

It also recorded the highest order backlog of $16.8b.

UOB Kay Hian said there’s nothing much to worry about the hiccup to Adani Wilmar’s listing.

Singapore was not unscathed with the regional decline of the manufacturing purchasing manager’s index (PMI).