Economy

Manufacturing sector keeps hopes high for H2

Electronic firms at 40% were the most optimistic in facing the remaining half of the year. 

Market Update: STI down 0.41%

Sembcorp Industries and Wilmar International took the lead at the closing of today’s index.

Services sector remain optimistic for July to December

A net weighted balance of 11% of the firms gives a “favourable business outlook” expectation. 

Japfa net profit grew 54.3% YoY to US$118.5m in H1

Its revenue also rose 23.4% YoY to. US$2,262.4m in the same period. 

SGD to weaken to $1.35/USD amidst COVID-19 woes: Fitch

Fitch Solutions expects the Singapore dollar to trade between $1.35 to $1.38 against the greenback for 2021.

Gov’t shells out $2b to extend support amidst reimplemented P2(HA)

The Jobs Support Scheme has been extended to 18 August.

June CPI remains elevated at 2.4% YoY

MAS upgraded its 2021 official headline CPI from 0.5%-1.5% YoY to 1%-2% YoY.

Core inflation eased to 0.6% in June

Inflation for all items meanwhile remained unchanged at 2.4% YoY.

Temasek continues investments in carbon-emitters amidst green goals

The state investor says these investments are meant to help these firms shift to a different path.

It’s take two for Phase 2(HA): Here’s what you need to know

Phase 2 (Heightened Alert) starts today, superseding the earlier announced Phase 3 (Heightened Alert) restrictions.

Chart of the day: Inflation expectations stay flat at 2.7%

Singaporeans expect prices for household durables & services to have picked up in the second quarter.

Experts upgrade exports forecasts amidst high June figures

June exports surged to 15.9% year-on-year, nearly doubling May’s figures.

Chart of the Day: SG Q1 GDP growth to climb 1.3% above pre-pandemic levels

The government's cautious approach in reopening boosted its growth.