Manufacturing: Latest News

Singapore FTA will be in operation by early 2023

Annual growth of USD 3 billion from new export from 2023 to 2032. Foreign Direct Investment of more than 3 billion USD in the next ten years. Creating an internationally competitive workforce with high skills in the next ten years.

And the last comes in paragraph 3.37. The macro-fiscal framework. Our fiscal stabilisation programme envisages government revenue increasing to around 15% of GDP by 2025 from 8.3% of GDP by the end of 2021.

The Government is targeting a primary surplus of more than 2% of GDP in 2025 and expects to improve from this level thereafter.We aim to reduce public sector debt from 110% of GDP at the end of 2021 to not more than 100% of GDP in the medium term. It is expected that inflation will be brought back under control in line with this. Interest rates are also expected to gradually reach a moderate level.

Once macroeconomic confidence is re-established and foreign exchange reserves are replenished through foreign finances, the adverse pressure on the exchange rate is also expected to abate.With the implementation of a series of growth-enhancing structural reforms, the medium-term economic growth is expected to return towards 5% in the medium term and accelerate to a high level thereafter. This is all this economy is about, this is the framework. How are we going to implement it? We have made some proposals.

We can all comment on it, good, and bad amendments. But the proposals by themselves are not sufficient. So this is not a normal economy.Look at the first proposal.

A combined investment export agency. We’ll create that. But if you don’t remove any of the other laws, if you don’t do a fundamental restructuring of the economy, it will be as empty as I think today.

economy Government Manufacturing

All news where Manufacturing is mentioned

Snapchat and guns: California man says he used the app to illegally sell 'ghost guns' - - state California - state Nevada - city Sacramento
Snapchat and guns: California man says he used the app to illegally sell 'ghost guns'
Photo collage: (Left) Photo illustration by Nikolas Kokovlis/NurPhoto via Getty Images. (Right) Photo by Robyn Beck / AFP) (Photo by ROBYN BECK/AFP via Getty Images SACRAMENTO, Calif. - A California man is in trouble for reportedly using Snapchat to sell "ghost guns."Andrew Jace Larrabure-Tuma, 20, of Sacramento, pleaded guilty to using the social media platform to sell guns that he bought kits for online, also known as "ghost gun kits".He bought them "from a company called Polymer80, a licensed firearms manufacturer in Nevada, and manufactured his own firearms and then sold the guns he had manufactured," read a news release from the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF).He was caught when he sold guns to undercover officers and a "confidential informant."Larrabure-Tuma isn't legally allowed to buy guns in California, ATF said."A search warrant was executed at Larrabure-Tuma’s residence in Sacramento and law enforcement officers found what appeared to be a firearm manufacturing operation, including partially complete firearms, firearm kits from Polymer80, firearm parts, tools for manufacturing and finishing firearms, firearm accessories, completed firearms, and ammunition," the news release read.He will be sentenced just after the new year and could face up to five years in prison and a $250,000 fine.RELATED: Biden administration crackdown on 'ghost guns' takes effectAn April 2022 news release from the White House describes these firearms as, "unserialized, privately-made firearms."Adding, "Law enforcement are increasingly recovering at crime scenes in cities across the country.
Manufacturing PMI increases in August, but below neutral threshold -
Manufacturing PMI increases in August, but below neutral threshold
COLOMBO (News 1st) – Manufacturing PMI recorded an index value of 49.6 in August 2022, up from July, yet slightly below the neutral threshold level. The rate of decline of manufacturing activities was softened with the improvements reported in Employment and Stock of Purchases compared to the previous month while Production and New Orders declined at a slower pace. Further, the Suppliers' Delivery Time was shortened with improved mobility.Overall Production and New Orders declined marginally in August 2022 compared to July 2022. However, considering the largest manufacturing sub-sectors, an increase in Production and New Orders was reported in the manufacturing textile and apparel sector, limiting the overall decline to a marginal level, while the manufacturing food & beverage sector maintained Production and New Orders at the same level as of July 2022. Many respondents revealed that improved fuel availability on a month-on-month basis positively affected manufacturing activities. Meanwhile, Employment increased in August 2022, particularly in the manufacturing textile and apparel sector which frequently suffered from a scarcity of employees. The increase reported in Stock of Purchases was mainly due to higher activity levels anticipated in the coming months. Some respondents mentioned that slightly improved foreign exchange availability in the market allows them to open letters of credit to import materials.Expectations for manufacturing activities for the next three months indicated an improvement in August 2022, for the first time since February 2022, reflecting an improved business sentiment on gradually restoring stability and anticipating a more conducive environment for manufacturing activities in the coming
Airlines - United Airlines invests $15 million in flying taxis: 'Going to change the way we live' - - New York - city Chicago - city San Francisco
United Airlines invests $15 million in flying taxis: 'Going to change the way we live'
United signs purchase agreement for up to 400 eVTOL aircraft (Photo: United) United Airlines thinks that in a few years, plenty of big-city customers will pay $100 or more for a one-way ride to the airport in a four-seat, electric-powered air taxi.The Chicago-based airline said Thursday that it invested $15 million in a startup manufacturer, and signed a "conditional" agreement to buy 200 of the tiny aircraft with options for 200 more.United said it expects to receive the first taxis — which will take off and land vertically, like helicopters — from Eve Air Mobility as soon as 2026.It's hard to judge United's commitment to the deal, since it wouldn't provide terms for the order. A spokesman said the conditions are standard when buying an aircraft that hasn't been certified by regulators, and they cover "a number of United’s business objectives."The stake in Eve amounts to less than 5% of United's second-quarter profit.READ MORE: United Airlines threatens to end service at major U.S. airportBut the deal fits United's pattern of announcing interest in startups that are trying to build and win regulatory approval for air taxis, like Archer, and supersonic planes, like Boom.Mike Leskinen, president of United's venture-funding arm, said the eVTOLs — electric vertical takeoff and landing aircraft — will be ideally suited for traffic-clogged cities where United flies, including New York, Chicago and San Francisco.
Manufacturing PMI declined in July 2022 -
Manufacturing PMI declined in July 2022
COLOMBO (News 1st); Manufacturing PMI declined in July 2022, indicating a contraction in manufacturing activities on a month-on-month basis. Accordingly, Manufacturing PMI recorded an index value of 41.4 in July 2022, with a decline of 2.7 index points from the previous month driven by the decreases in all the sub-indices, except Suppliers’ Delivery Time.The decline in New Orders in July 2022 over the previous month was mainly due to subdued demand conditions, particularly in the manufacturing food & beverage sector. Deterioration of consumer purchasing power and reduced retail footfall due to fuel shortage were among the major reasons for the subdued demand condition.Meanwhile, Production declined on a month-on-month basis, particularly in the manufacturing of the food & beverage sector, which was a combined outcome of subdued demand conditions and supply side concerns such as shortage of materials and fuel. Employment also declined, particularly in the manufacture of food & beverage sector, mainly due to the discontinuation of casual employees. However, many respondents from the manufacturing textile and apparel sector mentioned that they were able to increase the employment count during the month. The decline in the Stock of Purchases was in line with the decline in New Orders and Production, and partly due to the unavailability of required quantities of inputs in the domestic market and difficulties in importing materials. Moreover, the Suppliers' Delivery Time lengthened during the month, mainly on account of vessel delays, and diesel shortage. Services PMI recorded an index value of 43.0 in July 2022 indicating a contraction in services activities for the fourth consecutive month.