Manufacturing
Tan Chong predicts a lower profit of $453m for H1 2024
Tan Chong predicts a lower profit of $453m for H1 2024
In H1 2023, Tan Chong reported a $309m gain.
PMI dips to 50.4 in June
June, however, marked the 10th consecutive month of expansion.
SGX-listed UMS Holdings buys 5.38 acres in Penang for $4.5m
The company now has 1.2 million sqft of space in Singapore and Malaysia.
Casa Holdings selling all shares in Fiamma Holdings for $24.34m
The four buyers are managing directors of different Malaysian companies.
Base effects, AI to help fuel recovery of Singapore’s manufacturing sector: RHB
The sector is weighed down by external headwinds and high interest rates.
Manufacturing output rebounds with 2.9% rise in May
Electronics jumped 20% YoY.
JTC launches tender for Kallang Way industrial site
The successful tenderer gets an extended lease for adaptive reuse planning.
AEM Holdings sells shares in ATECO for $6.8m
Lack of profitability prompted the sale.
Pall Corporation opens new $150m facility in Singapore for semiconductor chips
The new facility will create up to 300 jobs.
Siltronic AG launches advanced wafer fab facility in Singapore
It was completed after more than 500 days of construction and approximately 23 million working hours.
InnoTek appoints Angeline Tan as new group CFO
Tan will oversee InnoTek's finances, risk management, investments, and regulatory compliance.
Nio widens net loss by 9.4% YoY in Q1 2024
The company reported a net loss of $965m.
VIS and NXP Semiconductors build $10.5b semiconductor facility in SG
The facility will create 1,500 jobs in Singapore.
PMI rises to 50.6 in May
May marked the ninth consecutive month of expansion.
Amy Leong appointed as AEM Holding’s CEO
She will take on the role effective 1 July.
Valuetronics FY24 profit up 29.8% despite double-digit revenue drop
Revenue fell 17.1% YoY to HK$1.7b (S$294.25m).
Grand Venture Technology’s net profit soars 34.1% YoY in 1Q24
Modest life sciences growth tempered the profit increase.
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