Panasonic layoffs do not negate bright outlook in manufacturing: economists
Sector seeing divergence: higher value-added industries flourishing, lower end struggling
Singapore
PANASONIC'S closure of its refrigeration compressor manufacturing operations in Singapore, affecting 700 workers, does not invalidate the overall positive outlook for the manufacturing sector, said economists.
But it might point to a divergence, they added: between flourishing higher value-added industries and struggling lower value-added ones.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Stormy Daniels denies cashing in on claimed tryst with Trump
HSBC, Standard Chartered press Sunak to ease clampdown on China business
Chinese companies hit with US trade restrictions over spy balloon incident
China’s BYD will consider second Europe plant in 2025, executive says
Xi touts China-Hungary relations as a good blueprint for Europe
India’s 2023/24 fiscal deficit seen slightly better than projected: source