Economy

Singapore factory activity expands in April at fastest pace since December 2018

SINGAPORE – Singapore saw its overall manufacturing activity expanding in April at the fastest pace in more than two years, aided mainly by gains in new orders, new exports, and employment. However, analysts said uncertainty about the new variants of Covid-19 poses downside risks to the outlook. The Singapore Purchasing Managers’ Index (PMI) rose for […]

Business

China's factory activity likely slowed in June on subdued global demand, Reuters poll shows

BEIJING (Reuters) – China’s factory activity likely grew for the fourth month June but the pace may be waning, as global demand stayed subdued while a fresh coronavirus outbreak in the Chinese capital and rising worldwide cases threaten to undermine a gradual domestic recovery. The official manufacturing Purchasing Manager’s Index (PMI), due for release on […]