Singapore manufacturing rises for second month in May, up 2 percent

September 24th, 2009 Oil rises above $66 in Asia after 2-day plungeSINGAPORE — Oil prices rose above $66 a barrel Friday in Asia after investor concerns about U.S. crude demand sparked a two-day plunge.

September 3rd, 2009 Oil rises to near $69 amid mixed US demand signsSINGAPORE — Oil prices rose toward $69 a barrel Thursday in Asia as mixed U.S. crude inventory data shed little light on demand.

August 14th, 2009 Oil rises slightly to near $71 despite weak demandSINGAPORE — Oil prices rose slightly to near $71 Friday in Asia as investors brushed off bad U.S. economic news, betting instead the American economy, the world's largest crude consumer, will recover later this year.

August 13th, 2009 Singapore's SingTel 2Q profit rises 7.7 percentSINGAPORE — Singapore Telecommunications Ltd., the largest telephone company in Southeast Asia, said its profit rose 7.7 percent in the April-June period as a growing subscriber base aided income. The company, also known as SingTel, said in a statement Thursday that net income for its fiscal first quarter rose to 945 million Singapore dollars ($654 million), up from SG$878 million a year earlier.

August 11th, 2009 Singapore Q2 GDP jumps revised 20.7 percentSINGAPORE — Singapore revised slightly higher its economic growth in the second quarter, but warned U.S. consumption must pick up to sustain the recovery.

July 28th, 2009 Oil rises to near $69, extending 3-week rallySINGAPORE — Oil prices hovered near $68 a barrel Tuesday in Asia as a three-week rally stalled amid mixed economic and corporate news. Benchmark crude for September delivery was up 3 cents at $68.41 a barrel by late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.

July 27th, 2009 Oil rises above $68 as rally extends to third weekSINGAPORE — Oil prices rose above $68 a barrel Monday in Asia as a rally fueled by an improving economic and corporate outlook extended into a third week. Benchmark crude for September delivery was up 59 cents to $68.64 a barrel by midday Singapore time in electronic trading on the New York Mercantile Exchange.

July 14th, 2009 Singapore's economy emerges from recession in Q2SINGAPORE — Singapore's economy grew for the first time in a year, soaring 20 percent in the second quarter, a sign Asia is emerging from the global slump. Gross domestic product jumped an annualized, seasonally adjusted 20.4 percent in the three months through June from the previous quarter, the Trade and Industry Ministry said Tuesday in a statement.

June 17th, 2009 Singapore exports drop again, but show improvementSINGAPORE — The slump in Singapore's non-oil exports eased in May, suggesting the most important sector of the city-state's economy is stabilizing. Exports fell 12 percent in May from the same month of 2008 to 10.9 billion Singapore dollars ($7.5 billion) following a 19 percent drop in April, according to Trade and Industry Ministry figures released Wednesday.

May 4th, 2009 Singapore stocks rise 5.6 percent to 6-month highSINGAPORE — Singapore stocks jumped to a six-month high Monday on growing investor optimism that the worst of the global economic downturn may be over. The Straits Times index rose 108.43, or 5.6 percent, to 2,028.71.

April 30th, 2009 Singapore unemployment jumps to 3.2 percentSINGAPORE — The number of jobless Singaporeans jumped in the first quarter to its highest since 2005 as a slump in global trade pummeled the city-state's exports and sparked manufacturing layoffs. The unemployment rate rose to a seasonally adjusted 3.2 percent in March from 2.5 percent in December and 1.9 percent in March 2008, Singapore's Manpower Ministry said in a statement Thursday.

April 24th, 2009 Oil rig builder Keppel says 1Q profit rises 9 pctSINGAPORE — Singapore's Keppel Corp., the world's largest builder of offshore oil rigs, said first quarter net profit rose 9 percent from a year earlier as rig income grew. Keppel reported late Thursday a net profit of 285 million Singapore dollars ($190 million) for the three months ended March 31, compared with S$262 million a year earlier.

April 24th, 2009 Singapore's manufacturing slump worsens in MarchSINGAPORE — The slump in Singapore's manufacturing accelerated in March as the global collapse in demand for exports continued to batter the tiny Southeast Asian city-state. Industrial production fell 34 percent from a year earlier and dropped a seasonally adjusted 14 percent from February, the Trade and Industry Ministry said Friday.

April 23rd, 2009 Singapore tourism drops 13 percent in MarchSINGAPORE — Singapore tourism fell 13 percent in March as a global recession undermined travel, another blow to the Southeast Asian city-state which is reeling from its worst economic downturn on record. Tourist arrivals dropped to 790,000 in March from 911,000 in the same month a year earlier, the Singapore Tourism Board said Thursday.

December 25th, 2008 SINGAPORE - Singapore's manufacturing output in November declined by 7.5 percent compared with the same month last year, according to the Economic Development Board Friday. On a seasonally adjusted month-on-month basis, output rose 6.2 percent in November, due to a higher level of production in the biomedical manufacturing cluster, the state agency said.