Manufacturing
Nio and investors to invest $2.43b in NIO China
Nio and investors to invest $2.43b in NIO China
Nio may invest an additional $3.6b in NIO China by the end of 2025.
GP Industries issues US$11m perpetual bonds with 9.5% annual distribution
The company will use the net proceeds for general corporate and working capital purposes.
Fuxing China reduces par value of share to $0.02
It will be down to the said value instead of $0.10 as announced previously.
Economists revise full-year IP growth forecast to 1.5% on August surge
The previous forecast was 1.0%
Manufacturing output rises 21% YoY in August, led by electronics
Electronics output rose 49.1% YoY.
COTD: Import price index slips 0.8% YoY in July
Non-oil index also fell 3.3% YoY.
COTD: Singapore’s trade sees 10.1% growth in Q2 with rising imports and exports
Exports grew 7.6%, whilst imports expanded by 12.8%.
Singapore and India join hands on semiconductor ecosystem development
The partners will conduct policy exchanges.
PMI growth in August signals steady manufacturing recovery
It rose to 50.9.
Jebsen & Jessen acquires Mongolia-based company MSM
MSM will be the seventh business unit within Jebsen & Jessen.
Manufacturing and trade sectors show signs of recovery in August
The electronics segment is expected to boost the manufacturing sector in H2.
Manufacturing growth expected to pick up in Q4 2024, led by electronics
In July, output grew by 1.8% YoY.
Manufacturing output up 1.8% YoY in July
Excluding the biomedical manufacturing segment, output would’ve increased by 3.4% YoY.
MegaChem receives $4.4m insurance payout for July warehouse fire
In total, they have received $12.3m in insurance payouts.
Spindex’s net profit surges 43.8% YoY to $15.6m in FY 2024
Earnings per share stood at $13.49.
CNMC Goldmine to expand Kelantan plant capacity by 60% with new investment
The investment will increase the plant’s processing capacity to 800 tonnes of ore per day.
Economists remain upbeat about NODX growth despite July’s likely one-off surge
NODX grew 15.7% YoY in July.
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