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Subscribe to this list via RSS Blog posts tagged in Food and Beverage Services Industry

Singapore GDP Shows Economic Shift

Posted by Property Launch Invest on Wednesday, 14 January 2015 in Property News

Singapore’s economy is suffering in the short term as the country moves to higher-value-added industries and attempts to raise productivity, but is unable to escape from its reliance on cheap mass production.

The island state is trying to move away from low-end industries, particularly in manufacturing, to focus on value-added sectors such as biotechnology and pharmaceuticals. As it makes the transition, growth is slowing and tepid external demand remains a drag.

More than 1.3 million foreigners working in Singapore:

Posted by Property Launch Invest on Sunday, 17 August 2014 in Property News

SINGAPORE: There were 1,331,600 foreigners working in Singapore as of December 2013, Manpower Minister Tan Chuan-Jin told Parliament on Tuesday (Aug 5).

In a written response, Mr Tan said that excluding about 224,500 foreign domestic workers, there were 1,107,100 foreigners employed across different sectors in Singapore. He added that the breakdown by nationality is not publicly available.

In addition, the minister said the construction and food and beverage (F&B) industries are on the list of the top 10 sectors employing the most number of foreigners as of December 2013.

The list is reproduced in full below:

Business receipts of services industries rise 8% on-year in Q3

Posted by Property Launch Invest on Wednesday, 11 December 2013 in Property News

SINGAPORE: Business receipts of the services industries excluding wholesale & retail trade and accommodation & food services, rose 8 percent in the third quarter of 2013, compared to the previous year.

On a quarter-on-quarter basis, business receipts were up 0.7 percent.

Most Industries In Services Sector Optimistic About Business Prospects

Posted by Property Launch Invest on Sunday, 01 December 2013 in Property News

Most Industries In The Services Sector Are Optimistic About The Business Prospects For The Six Months Ending March 2014, According To A Survey By The Department Of Statistics Singapore.

SINGAPORE: Most industries in the services sector are optimistic about the business prospects for the six months ending March 2014, according to a survey by the Department of Statistics Singapore (DOS).

DOS said that overall, a net weighted balance of 8 per cent of firms in the services sector expect better business prospects for the period of October 2013 to March 2014.

It added that majority of the firms expect the business situation to remain unchanged in the six months ahead.

All industries within the services sector are upbeat about business prospects, with the exception of real estate and community & personal services industries.

Singapore raises growth forecast

Posted by Property Launch Invest on Sunday, 24 November 2013 in Property News

Singapore has upgraded its economic growth forecast for the year, boosted by growth in the services and manufacturing sectors. The economy is now expected to grow between 3.5 and 4 per cent, up from an earlier forecast of 2.5 to 3.5 per cent.

SINGAPORE: Singapore has upgraded its economic growth forecast for the year, boosted by growth in the services and manufacturing sectors.

The economy is now expected to grow between 3.5 and 4 per cent, up from an earlier forecast of 2.5 to 3.5 per cent.

Singapore's economic growth picked up pace between July and September.

Third quarter Gross Domestic Product (GDP) rose 5.8 per cent on-year. This is compared to the 4.4 per cent growth in the previous quarter, and higher than advance estimates of a 5.1 per cent growth.

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