Rounding up top investing articles from around the web, including articles shared on Twitter.
DBS Bank economist Chua Han Teng said the electronics cluster’s performance will be instrumental to Singapore’s factory recovery in 2024.
He noted: “Electronics production started to catch up in May, after being weak in the first four months of 2024, and it will be key to watch for sustained positive momentum amid the ongoing global tech cycle upturn.
“The global tech cycle will likely be underpinned by the replacement of smartphones and personal computers, as well as the broadening use of artificial intelligence (AI) applications.”
In contrast, the biomedical manufacturing industry was the worst performer in May, with production plunging 42.6 per cent year on year.
Anti-money laundering efforts in Singapore saw the authorities seize $6 billion linked to criminal and money laundering activities between January 2019 and June 2024.
About $416 million have been returned to victims, while $1 billion have been forfeited to the state.
A large bulk of the remaining sum is linked to ongoing investigations or court proceedings, according to details published in Singapore’s first-ever National Asset Recovery Strategy.
Singapore, Estonia are two small nations that think alike: President Tharman (Straits Times)
“We think alike. We are both small and open nations, who embrace education and innovation as the ways to give our citizens the best opportunities in life,” said Mr Tharman at a banquet hosted in his honour by his Estonian counterpart Alar Karis.
Both nations are passionate about working with other countries and making cooperative efforts to strengthen global public
