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Panasonic layoffs do not negate bright outlook in manufacturing: economists

Sector seeing divergence: higher value-added industries flourishing, lower end struggling

Janice Heng

Published Mon, Sep 27, 2021 · 05:50 AM

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.

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Singapore manpower

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International

International

Panasonic layoffs do not negate bright outlook in manufacturing: economists

Janice Heng

KEYWORDS IN THIS ARTICLE

International

Philippines denies deal with China over disputed South China Sea shoal

When US diplomats visit China, meal choices are about more than taste buds

China’s first-quarter industrial profits rise at slower pace

Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia

Vietnam tycoon appeals against US$27 billion fraud death sentence

US announces new restrictions on firearm exports

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