Schindler sees slight revenue growth in 2023 on real estate slowdown

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

:Swiss elevator and escalator maker Schindler said on Wednesday it expects low single-digit revenue growth in local currencies for 2023, citing an ongoing global economic slowdown and the pressure on real estate and construction sectors.The company anticipates new installation markets, including China, to dec

:Swiss elevator and escalator maker Schindler said on Wednesday it expects low single-digit revenue growth in local currencies for 2023, citing an ongoing global economic slowdown and the pressure on real estate and construction sectors.

China's real estate sector, which is responsible for broadly one-third of its gross domestic product , was one of the biggest drags on the country's economy last year.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

First poster for The Marvels reveals November 2023 release dateThe first poster for The Marvels has finally been released! The poster sees Iman Vellani's Kamala Khan, Brie Larson's Carol Danvers and Teyonah Parris' Monica Rambeau lined up and heading towards the stars while the tagline reads 'Higher. Further. Faster. Together.' The poster also revealed the movie's new release date. Initially set for July 28, The Marvels is now releasing...
Source: asiaonecom - 🏆 10. / 59 Read more »

Budget 2023 recap: What you need to knowIn his Valentine's Day Budget 2023 speech, Deputy Prime Minister and Finance Minister Lawrence Wong discuss a multitude of issues that are concerning Singaporeans today. He addresses a number of pressing matters, most notably the difficulties that many are facing with the persistently high levels of global inflation, as well as the sky-rocketing prices of HDB flats. Here is a...
Source: asiaonecom - 🏆 10. / 59 Read more »

Ant-Man is first big film of 2023 with $139m opening in North AmericaLOS ANGELES – Walt Disney’s Ant-Man And The Wasp: Quantumania generated US$104 million ($S139...
Source: thenewpaper - 🏆 7. / 63 Read more »

Stuff To Watch This Week (Feb 20-26, 2023)The K-fantasy series Island returns this week…
Source: TODAYonline - 🏆 1. / 99 Read more »

Chinese EV maker Nio to build 1,000 battery-swap stations in 2023SHANGHAI : Chinese electric vehicle (EV) startup Nio Inc plans to build 1,000 battery-swapping stations in 2023 to bring the total number of such facilities to 2,300 by year-end, its founder and chairman, William Li, said on Tuesday. Nio will build 400 along highways and 600 in urban areas with a focus on
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

EV maker Nio to build 1,000 battery-swap stations in China in 2023SHANGHAI :Chinese electric vehicle (EV) startup Nio Inc plans to build 1,000 battery-swapping stations in China in 2023 to bring the total number of such facilities to 2,300 by year-end, its Founder and Chairman William Li said on Tuesday. Nio will build 400 battery-swapping stations along highways and 600 in
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »