News Snapshot:
SINGAPORE – Singapore’s key exports fell for the third straight month in December, according to data from Enterprise Singapore (EnterpriseSG) on Tuesday, on rapidly cooling global demand. Non-oil domestic exports (Nodx) for December slumped 20.6 per cent from a high base a year ago. The contraction was worse than Bloomberg’s forecast for a 16.8 per cent drop, and also lower than November’s revised rate of 14.7 per cent. For the whole of 2022, EnterpriseSG said Nodx grew by 3 per cent – just half of the official forecast for around 6 per cent growth. The Nodx forecast for this year...
