Manufacturing
Union Steels’ net profit drops to $6m in H1 FY2025
The group’s gross profit also declined by 3.7% to $15.8m.
Spindex sees 6.5% rise in net profit to $6.8m in H1 FY2025
Gross profit increased by 8.9% to $18.8m.
US tariffs on EU to hit Singapore's chemical and pharma sectors most: report
Singapore has strong trade relationships with the EU, supplying high-quality chemicals and pharmaceutical products.
Singapore factory rental rates see steady growth
Proposed US tariffs may accelerate manufacturing shifts to Southeast Asia.
Singapore to benefit from global tech cycle amidst manufacturing resilience
The country’s full-year IP is expected to grow by 3%.
Manufactured products price index contraction eases in 2024
It was an improvement from the -4.5% in 2023.
Lion Asiapac Limited expects loss due to lower orders
The loss was attributed to lower orders from the trading business.
Micro-Mechanics’ net profit soars by over 108% YoY in Q2 2024
Group revenue also increased by 20.7% YoY to $16.3m.
GVT speeds up expansion in front-end semiconductor market after bagging TSV project
It was awarded by a global leader in wafer fabrication equipment and services.
Abrdn loses AEM's substantial shareholder status after share disposal
The transaction brought its stake in AEM down to 4.818%.
Abundance Int'l enters JV to commercialize eco-friendly chemical production
They will build a hundred-ton facility for the production of FDME.
Grand Venture Technology, A*STAR to develop advanced ceramics manufacturing platform
ASTAR Singapore Institute of Manufacturing Technology (ASTAR SIMTech) will lead the development.
Fu Yu’s largest shareholder calls for EGM amidst company’s poor performance
He also wants two directors fired.
Fortress Minerals sees over 19% net profit after tax decline in 9M 2024
Revenue also declined by 7.48% to $52m.
Tan Chong warns of unrealised loss in FY2024
The company expects a loss of $29m.
Electronics lead 8.5% YoY rise in manufacturing output for November
The sector rose by 26.2% YoY.
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