Strategic Intelligence for CFOs, Finance Directors, Controllers and Treasurers in Asia  | 
2012, Feb 09

Weak Manufacturing Output Disrupts Singapore's Recovery

Home > News > Weak Manufacturing Output Disrupts Singapore's Recovery
News

Weak Manufacturing Output Disrupts Singapore's Recovery

by CFO Innovation Staff, 04 January 2010
topics:
Finance and Banking
tags:
manufacturing sector
Thumbnail: 

Singapore’s economy contracted for the first time in three quarters as weaker manufacturing output disrupted the island nation's recovery from its deepest recession since independence in 1965, says Bloomberg.

 

Quoting the Ministry of Trade and Industry, Bloomberg says Singapore's GDP shrank 6.8% from the third quarter in seasonally adjusted, annualized terms, compared with a revised 14.9% rise in the third quarter.

 

“This decline was mainly due to a contraction in the output of the biomedical manufacturing and transport engineering clusters,” says the trade ministry in a statement obtained by Bloomberg.

 

Bloomberg notes that Singapore is seeking ways to ensure its economy grows in a more sustained manner after three recessions in the past decade. The island’s dependence on electronics and pharmaceutical exports has made it vulnerable to fluctuations in global demand and business cycles.

Original Article URL: 
Singapore Economy Shrinks as Manufacturing Falters
Orignal Author: 
CFO Innovation Staff
Quote Image: 
Original Article URL:

Related articles

Comment on this article

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <a> <p> <span> <div> <h1> <h2> <h3> <h4> <h5> <h6> <img> <img /> <map> <area> <hr> <br> <br /> <ul> <ol> <li> <dl> <dt> <dd> <table> <tr> <td> <em> <b> <u> <i> <strong> <font> <del> <ins> <sub> <sup> <quote> <blockquote> <pre> <address> <code> <cite> <embed> <object> <strike> <caption>
  • Lines and paragraphs break automatically.
  • Use <!--pagebreak--> to create page breaks.

More information about formatting options

Accounting and Regulations

CFO innovation Asia Accounting and Regulation the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Accounting Regulation, IFRS, US GAAP, Tax, investor relations, corporate governance, Corporate Law, Financial Regulators, Internal Audit, Audit, Corporate Law.
Auditing, Investor Relations, Law and Compliance, Tax

Finance and Banking

CFO innovation Asia, Finance and Banking the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Corporate Finance, trade finance, treasury and risk management, capital expenditure, Banking, mergers and acquisitions
Cash and Liquidity Management, Corporate Finance, Insurance, Treasury Management

Management

CFO innovation Asia the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Finance Management, Corporate Governance, Human Resource Management, Compensation and Benefits, Mergers and Acquisitions, Professional Development, Corporate Real Estate, Risk Management, Budgeting and Forecasting, Business Process Management, Business Process Reengineering, Outsourcing.
Budgeting and Planning, Business Expense Management, Human Capital Management, Outsourcing and Shared Services, Risk Management

Metrics

Corporates, Financial Services

Technology

CFO innovation Asia Technology the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Finance Systems, Business Intelligence, EPR, Accounting software, CRM, Cloud Computing, Telecommunications, Business Process Outsourcing, Business Process Management Software.
Business Intelligence, Enterprise Software and Systems, Financial Systems, Security