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Damn good news. Sickipoora economy collapsing.
- Thread starter A Singaporean
- Start date
no worries...we have gau gau national reserves to see us through rainy days.
If Singkieland collapse.....than those that want cheaper HDB and Coe will be happy
Singapore's key exports fall by 20.2%; 10th consecutive month of decline
Singapore's key exports fall by 20.2%; 10th consecutive month of decline
A container vessel docks at Pasir Panjang port terminal in Singapore on Mar 9, 2022. (Photo: AFP/Roslan Rahman)
17 Aug 2023 09:49AM (Updated: 17 Aug 2023 11:42AM)
SINGAPORE: Singapore's non-oil domestic exports (NODX) contracted for the 10th consecutive month in July, falling by 20.2 per cent, with both electronics and non-electronics seeing a decline.
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The latest figure is worse than a Reuters poll forecast of a 14.4 per cent drop.
According to data released by Enterprise Singapore (EnterpriseSG) on Thursday (Aug 17), electronic product exports contracted by 26.1 per cent in July, following a 16 per cent decline in the previous month.
Integrated circuits (ICs), PCs and disk media products contributed the most to the decline, falling by 35.7 per cent, 46.1 per cent and 40.8 per cent respectively.
Non-electronic exports also declined by 18.5 per cent in July, following a 15.6 per cent drop in June.
The biggest declines were in non-monetary gold, specialised machinery and petrochemicals, falling by 80.3 per cent, 17.2 per cent and 22.8 per cent respectively.
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"NODX to the top markets as a whole declined in July 2023, though NODX to the United States rose," said EnterpriseSG.
NODX to the US (34.4 per cent) rose in July but declined for key markets like the European Union (-38.6 per cent), Taiwan (-36 per cent) and China (-20.1 per cent).
The lower prices of Chinese goods and "weaker China demand are dampening hopes of a more robust export recovery", said Maybank economist Chua Hak Bin.
"We are not yet out of the woods. The recovery in exports and manufacturing is fragile and uncertain," he added.
On a year-on-year basis, total trade declined by 20.8 per cent in July, following the 19.3 per cent contraction in the previous month.
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Both exports and imports fell, by 18.4 per cent and 23.4 per cent respectively.
Singapore's key exports fall by 20.2%; 10th consecutive month of decline
Singapore's key exports fall by 20.2%; 10th consecutive month of decline
A container vessel docks at Pasir Panjang port terminal in Singapore on Mar 9, 2022. (Photo: AFP/Roslan Rahman)
17 Aug 2023 09:49AM (Updated: 17 Aug 2023 11:42AM)
SINGAPORE: Singapore's non-oil domestic exports (NODX) contracted for the 10th consecutive month in July, falling by 20.2 per cent, with both electronics and non-electronics seeing a decline.
Advertisement
The latest figure is worse than a Reuters poll forecast of a 14.4 per cent drop.
According to data released by Enterprise Singapore (EnterpriseSG) on Thursday (Aug 17), electronic product exports contracted by 26.1 per cent in July, following a 16 per cent decline in the previous month.
Integrated circuits (ICs), PCs and disk media products contributed the most to the decline, falling by 35.7 per cent, 46.1 per cent and 40.8 per cent respectively.
Non-electronic exports also declined by 18.5 per cent in July, following a 15.6 per cent drop in June.
The biggest declines were in non-monetary gold, specialised machinery and petrochemicals, falling by 80.3 per cent, 17.2 per cent and 22.8 per cent respectively.
Advertisement
"NODX to the top markets as a whole declined in July 2023, though NODX to the United States rose," said EnterpriseSG.
NODX to the US (34.4 per cent) rose in July but declined for key markets like the European Union (-38.6 per cent), Taiwan (-36 per cent) and China (-20.1 per cent).
The lower prices of Chinese goods and "weaker China demand are dampening hopes of a more robust export recovery", said Maybank economist Chua Hak Bin.
"We are not yet out of the woods. The recovery in exports and manufacturing is fragile and uncertain," he added.
On a year-on-year basis, total trade declined by 20.8 per cent in July, following the 19.3 per cent contraction in the previous month.
Advertisement
Both exports and imports fell, by 18.4 per cent and 23.4 per cent respectively.
More cdc vouchers on the way.
Yes, 222 tons of GOLD
Donthc worry. US economy resilient.
Yeah US soft landing huat huat stock market narrative is in the air.... Dun fight FED
That is why we are in good hands
Now you begin to see why they acquired submarines. I'm sure they are used to patrol the shallow waters around the island. 
Singapore to splash $1.8 billion on four Invincible-class submarines
https://www.navaltoday.com/2023/01/...8-billion-on-four-invincible-class-submarines
2000ton sub can go a long way as well... Many future upgrade opporunitiesNow you begin to see why they acquired submarines. I'm sure they are used to patrol the shallow waters around the island.
Singapore to splash $1.8 billion on four Invincible-class submarines
https://www.navaltoday.com/2023/01/...8-billion-on-four-invincible-class-submarines
Every country is suffering from post covid blues, Russia's Ukraine special military operation and the US-China trade war. Comparatively speaking, ASEAN is one of the bright spots right now.
The next milestone would be the US 2024 presidential election and how the leader of the free world will play his cards against Russia and China
The next milestone would be the US 2024 presidential election and how the leader of the free world will play his cards against Russia and China
what is the use of buying submarine ?Now you begin to see why they acquired submarines. I'm sure they are used to patrol the shallow waters around the island.
Singapore to splash $1.8 billion on four Invincible-class submarines
https://www.navaltoday.com/2023/01/...8-billion-on-four-invincible-class-submarines
How can? People are willing to spend to buy overpriced condos is proof all is fine in sinkapore.
SG has never declared it's reserves.
It could be empty for all you know.
It's going to be a long slow decline from now onwards. SG is fast approaching the proverbial wall.
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