The decline in non-electronic NODX contributed largely to the drop. Pharmaceuticals, structures of ships & boats and non-monetary gold, which fell by 70.3%, 99.8% and 49.1%, respectively, contributed the most to the dip in non-electronic NODX.
March also saw a contraction in NODX to Singapore’s top markets, with the US , the EU 27 and Japan being the largest contributors to the decrease. With a decline in total exports and total imports , total trade slipped by 1.8% YoY in March....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
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Non-oil domestic exports in February slipped by 0.1% YoY, declined 4.8% MoMEnterprise Singapore pointed out that the slip was primarily due to decreased non-electronics NODX
Source: IndependentSG - 🏆 9. / 63 Read more »
Inflation rises to 3.4% YoY in FebruarypstrongThis is faster following a 2.9% slowdown in January./strong/p pThe prices of goods and services rose to 3.4% year-on-year in February, data from the Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) showed./p pHeadline or Consumer Price Index-All Items inflation slowed to 2.
Source: SBRMagazine - 🏆 13. / 51 Read more »
ESR revenue climbs 6% YoY in FY2023pstrongThe company’s EBITDA experienced a decline due to fair value losses and rising interest costs./strong/p pESR reported a revenue of $1.17b (US$871m) in FY2023, reflecting a 6% YoY increase from $1.10b (US$821m) in FY2022.
Source: SBRMagazine - 🏆 13. / 51 Read more »
Singapore's GDP Grows 2.7% YoY in 1Q24Singapore's gross domestic product (GDP) grew faster in the first quarter of 2024, increasing by 2.7% year-on-year, according to advance estimates from the Ministry of Trade and Industry (MTI). The goods-producing and services-producing industries both saw expansions, contributing to the overall growth.
Source: SBRMagazine - 🏆 13. / 51 Read more »
Equity capital markets off to slow start, down 54.2% YoYpstrongOf the total proceeds raised in 1Q24, US$458.95m were via follow-on offerings./strong/p pSingapore’s equity capital markets (ECM) had a sluggish start to the year, raising 54.2% YoY lower proceeds, totalling US$490.4m./p pOf the total proceeds raised in 1Q24, US$458.95m (-40.1% YoY) were via follow-on offerings.
Source: SBRMagazine - 🏆 13. / 51 Read more »
Singapore M&A suffers 5.5% YoY decline in valuepstrongBoth inbound and outbound M&A deals also declined in 1Q24./strong/p pThe value of mergers and acquisitions (M&A) transactions with Singapore involvement fell 5.5% YoY to US$15.7b in 1Q24, data from the London Stock Exchange Group (LSEG) showed.
Source: SBRMagazine - 🏆 13. / 51 Read more »