Lates News

Economists at Maybank in Malaysia pointed out in a report that Singapore's export growth in the first half of the year is likely to remain robust. This is due to strong exports of electronic products driven by artificial intelligence, as well as a partial shift in demand from the United States for imports from high-tariff countries. The production of advanced HBM chips by Micron Technology and UMC in their factories in Singapore is expected to boost electronic product exports. However, a reduction in early shipment activities for pharmaceutical exports may still drag down the growth rate of non-oil exports in Singapore. The bank predicts that Singapore's export growth in 2026 will be between 3% and 4%, lower than the 4.8% increase in 2025.