Manufacturing
Aztech Global’s net profit up 8.7% YoY in H1 2024
Net profit for the period amounted to $46.7m.
Baker Technology net profit surges 189% YoY to $11.9m in H1 2024
It was mainly driven by higher chartering revenue and lower administrative expenses.
Manufacturing output drops 1.6% YoY in June
Excluding the biomedical manufacturing segment, output would’ve increased by 1.7% YoY.
Industrial property sales up 25.1% in Q2 as manufacturing grows
Data centres and EVs may be key to the industrial sector’s growth.
Pan-United launches electric concrete mixer truck
It features a robust 350 kWh battery, delivering up to 360 kW at peak power.
UMS Holdings eyes market listing in Malaysia
It aims to broaden its investor base, improving liquidity.
Jardine C&C names John Witt as new chairman
Witt will replace Benjamin Keswick, who was chairman for over 12 years.
Nanofilm clarifies 10% stock surge due to Sydrogen's fuel cell venture
The partnership aims to develop a 250 kW hydrogen fuel cell power module system.
Tan Chong predicts a lower profit of $453m for H1 2024
In H1 2023, Tan Chong reported a $309m gain.
PMI dips to 50.4 in June
June, however, marked the 10th consecutive month of expansion.
SGX-listed UMS Holdings buys 5.38 acres in Penang for $4.5m
The company now has 1.2 million sqft of space in Singapore and Malaysia.
Casa Holdings selling all shares in Fiamma Holdings for $24.34m
The four buyers are managing directors of different Malaysian companies.
Base effects, AI to help fuel recovery of Singapore’s manufacturing sector: RHB
The sector is weighed down by external headwinds and high interest rates.
Manufacturing output rebounds with 2.9% rise in May
Electronics jumped 20% YoY.
JTC launches tender for Kallang Way industrial site
The successful tenderer gets an extended lease for adaptive reuse planning.
AEM Holdings sells shares in ATECO for $6.8m
Lack of profitability prompted the sale.
Pall Corporation opens new $150m facility in Singapore for semiconductor chips
The new facility will create up to 300 jobs.
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