Rounding up top investing articles from around the web, including articles shared on Twitter.
Singapore factory output beats forecasts with 2.9% rise in May on electronics rebound (Straits Times)
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.
S’pore’s anti-money laundering efforts led to seizure of $6b in criminal proceeds since 2019 (Straits Times)
Anti-money laundering efforts in Singapore saw the authorities seize $6 billion linked...