Economic News


A.P. Moller – Maersk to acquire European specialist KGH Customs Services 06 July 2020

Copenhagen, 6 July 2020 – A.P. Moller – Maersk announces that it has reached an agreement with Bridgepoint Development Capital to acquire KGH Customs Services (KGH), a Sweden-based specialist in trade and customs management services in Europe. This will further enhance Maersk’s capabilities as an integrated container logistics company, offering end-to-end supply chain solutions to its customers. With its specialised expertise across freight modes (air, ocean, land) and deep knowledge...

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Economic Watch: Trade recovers on China-Vietnam border

NANNING, March 18 (Xinhua) — Hundreds of flat-bed and container trucks queued along a border bridge in Dongxing, a city in south China’s Guangxi Zhuang Autonomous Region, waiting for customs clearance, a scene that signifies the recovery of trade on the China-Vietnam border from the COVID-19 epidemic. Pham Van Tan, a 31-year-old Vietnamese, was driving a truck loaded with about 20 tonnes of dragon fruit produced in Vietnam’s Da...

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XPO Logistics break-up plan is for shareholders, not operational benefits

XPO Logistics chairman and chief executive officer Bradley Jacobs was grilled by market analysts at a conference call yesterday on why he is considering a break-up of the company. Last month, the US-based transport and logistics giant announced that it was undertaking “a review of strategic alternatives”, including the possible sale or spin-off of one or more of the company’s business units. XPO’s transportation and logistics businesses, including those in...

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China’s exports fall again in November as trade war continues to bite

China’s exports fall again in November as trade war continues to bite

By Finbarr Bermingham Dec 8 2019 / South China Morning Post Shipments down 1.1 per cent in month, but imports grow for first time since April Figures come just a week before US is set to impose fresh tariffs on imports of Chinese goods China’s exports in November fell 1.1 per cent from a year earlier, marking a fourth successive monthly decline as the pain of the trade war...

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Resilience360 Research Reveals 66% of Global Manufacturing Customers Have Been Impacted by the U.S.-China Trade War

Resilience360 Research Reveals 66% of Global Manufacturing Customers Have Been Impacted by the U.S.-China Trade War

By Will Haraway Dec 3 2019 / Resilience360 TROISDORF, Germany, Dec. 03, 2019 (GLOBE NEWSWIRE) — Resilience360 has released the results of a customer survey launched to assess the impact of the U.S.-China trade war for companies with global manufacturing networks. Among other findings, the results revealed that two-thirds (66%) of the nearly 300 customer respondents have been impacted by the business disruptions and significant operational challenges presented to...

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Is Singapore's semicon sector on the skids?

Is Singapore’s semicon sector on the skids?

Beyond the current down cycle, can Singapore’s key electronics cluster continue to be competitive? By Lynette Tan Nov 9 2019 / The Business Times Singapore hosts the entire semiconductor value chain IT all started 51 years ago, and throughout the half century or so, Singapore’s key semiconductor industry has had its ups and downs. It is currently in the throes of yet another down cycle amid slow consumer demand....

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