SINGAPORE: Singapore's key exports in February increased 23
\npercent from a year ago thanks to stronger demand for key
\nelectronics products and pharmaceuticals, the government said
\nMonday.<\/p>\n
The jump in non-oil domestic exports (NODX) -- a key barometer
\nof the export-dependent economy's health -- to S$7.75 billion
\n(US$4.43 billion) was an improvement on the revised 18.3 percent
\nexpansion posted in January, International Enterprise Singapore
\nsaid.<\/p>\n
But on a month-on-month seasonally adjusted basis, NODX fell
\n9.2 percent in February, the trade promotion agency said.<\/p>\n
Total trade in February amounted to S$33.6 billion, up 14.6
\npercent from a year ago.<\/p>\n
Electronics exports, which make up more than half of
\nSingapore's NODX, grew 10.3 percent in February to S$4.11 billion
\nas robust demand for integrated circuits (ICs) helped to offset
\nslumps in disk drives and personal computer-related components.
\n-- AFP<\/p>\n
KL manufacturing sales up 8.4%<\/p>\n
KUALA LUMPUR: Malaysia's manufacturing sales in January 2003
\nrose 8.4 percent year-on-year, official figures showed Monday.<\/p>\n
Sales in manufacturing, the main driver of the Malaysian
\neconomy, jumped to 25.9 billion ringgit (US$6.8 billion) from
\n23.9 billion ringgit in January 2002, the Statistics Department
\nsaid in a statement.<\/p>\n
The manufacturing sector makes up a third of Malaysia's gross
\ndomestic product.<\/p>\n
The department said a total of 972,290 people were employed in
\nthe manufacturing sector during January, up 1.6 percent year-on-
\nyear and 0.2 percent higher than December.<\/p>\n
Total paid salaries and wages of 1.6 billion ringgit was 8.1
\npercent higher year-on year but 3.0 percent lower month-on-month,
\nit added. -- AFP<\/p>\n
RP jobless rate rises to 10.6%<\/p>\n
MANILA: The Philippines' jobless rate rose to 10.6 percent in
\nJanuary, up 0.3 percentage points from both a year earlier and
\nthe previous quarter, the National Statistics Office said Monday.<\/p>\n
The total workforce was 33.68 million people, up 1.8 percent
\nfrom the previous year.<\/p>\n
Employment in agriculture rose 1.3 percent from a year earlier
\nto 11.1 million, while industrial employment fell by 0.8 percent
\nto 4.56 million and services sector jobs grew by 2.2 percent to
\n14.4 million.<\/p>\n
Aside from the 3.56 million that were unemployed, some 4.85
\nmillion workers or 16.1 percent of the total were underemployed.
\n-- AFP<\/p>\n
S'pore buys stake in Paris building<\/p>\n
SINGAPORE: A unit of the Government of Singapore Investment
\nCorp., said Monday it has acquired a 50 percent interest in a
\nprime office building in Paris' central business district.<\/p>\n
GIC Real Estate said the seller, a real estate investment fund
\nof the AXA Group, will keep a 50 percent interest in the
\nproperty, 6-8 Boulevard Haussmann, a nine-storey building with a
\nnet area of 25,000 square metres.<\/p>\n
The financial details of the deal were not disclosed.<\/p>\n
AXA Real Estate Investment Managers has been appointed as
\nasset manager of the property.<\/p>\n
The GIC manages Singapore's foreign reserves. GIC Real Estate
\nhas a multibillion-dollar portfolio of direct and indirect
\nproperty investments worldwide. -- AFP<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/singapore-singapores-key-exports-in-february-increased-23-1447899208",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}