Panasonic layoffs do not negate bright outlook in manufacturing: economists
Sector seeing divergence: higher value-added industries flourishing, lower end struggling
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
