Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy, National University of Singapore
Summary: While it seems that China will continue as the world’s super factory and leading exporter, Vietnam is increasingly exporting products similar in structure to Chinese exports. Vietnam is emerging as an attractive option for international firms as a cheaper and better manufacturer than China.[1],[2] Using the United Nations Comtrade database from 2004 – 2021, […]
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An essential determinant of a region’s resilience to the pandemic is its socioeconomic composition. A recent study by ACI evaluates Indonesia’s Riau Islands’ emergence from the pandemic by tracking the province’s socioeconomic development vis-à-vis the provincial government’s Regional Medium-Term Development Plan (RPJMD). It finds that Riau Islands “emerged relatively unscathed due to its reliance on […]
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Summary: Even before the pandemic, business sentiment on the employment forecast in Singapore’s manufacturing sector had consistently been negative for years, indicative of the industry’s intention to transition towards a leaner workforce. Using the data published by the Economic Development Board and the Singapore Department of Statistics, this week’s chart depicts the business sentiment on the employment […]
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Summary: Manufacturing is a major component of the Singapore economy, contributing approximately 20% of real GDP and 13% of employment. The industry has proven to be one of the most robust sectors of the economy in response to Singapore’s COVID-19 “circuit breaker” policy. In this week’s ‘Chart of the Week’, we analyse the resiliency of […]
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ACI PERSPECTIVES 