Singapore’s NODX faces significant challenges as data from EnterpriseSG reveals a 15.5% decline in June 2023, extending the ongoing downward trend observed since April.
“NODX to the top markets as a whole declined in June 2023, though NODX to Hong Kong and China rose,” said EnterpriseSG..
Despite exiting the COVID-19 pandemic, Singapore reports an eight-month consecutive decline in key exports. Both electronics and non-electronics face significant contraction, according to recent data from Enterprise Singapore.
The Straits Times (ST) published an article yesterday (13 Apr) saying that improving business climate in India is drawing Singaporean firms to invest in India. In the article, ST interviewed Mr Tay Lian Chew who is the Global Markets Director for South Asia at Enterprise Singapore, a statutory board under the Trade and Industry Ministry … Read more
Singapore’s non-oil domestic exports (NODX) grew by 6.8 per cent year-on-year last December, following the 5.0 per cent decline seen in the previous month, according to data released by Enterprise Singapore (ESG) on Monday (18 January). On a seasonally adjusted month-on-month basis, NODX increased by 6.6 per cent in December, extending the 3.7 per cent … Read more
On 6 May, the Ministry of Trade and Industry (MTI) issued a media release on its Emerging Stronger Taskforce (EST), which co-chaired by the current Minister for National Development Desmond Lee and PSA International Group CEO Tan Chong Meng. The list of EST’s members also includes Ms Dilys Boey’s name, with her designation as a … Read more