Singapore Business Times Trade War

Singapore trade associations acknowledge that the extended trade conflict has had an impact on local businesses but strike a positive note that there are opportunities to grow.

Singapore business times trade war. No asian leader has a monopoly on anxiety over the us china trade war. How the us china trade war will hit singapore mr david low chief executive of futuristic store fixtures says if his firm had factories only in china the trade war would have been a disaster. Douglas foo president of the singapore manufacturing federation smf told bt in an e mail that manufacturers must work even harder at working smarter in these challenging times.

Singapore growth downgraded as trade war threatens economy business. Businesses are in for stormy times this year as dark clouds loom over singapore s economic prospects with the ministry. On the flipside construction finally saw a recovery after three years of decline as it expanded by 2 9 per cent compared to a 1 2 per cent decline in q4 2018.

Us china trade war starts to bite in singapore to be sure parts of the economy such as construction and private consumption have held up supported by upward wage pressure from foreign worker. In the prior month for example overseas shipments plunged 11 4. Private sector economists cited the us china trade war as the biggest wildcard that could impact singapore s economy but they caution that this could swing either way.

Yet singapore s lee hsien loong comes close. The trade reliant city state s exports dropped 9 8 in august the sixth straight month of sizable year on year declines. The business times bt reported in may that singapore firms had seen new orders dive with some bracing for a decline in revenue this year.

Read more at the business times. The business times trade war find trade war news headlines insight and analysis in singapore asia pacific global markets news at the business times.