- THE three large Asean economies of Indonesia, the Philippines and Thailand, which are striving to shift from significant commodity dependence to high value-added exports, could do worse than to look at Singapore and Malaysia’s experience, said ICAEW’s latest Economic Insight report. For instance, in 2012, 33 per cent of Indonesian exports consisted of fuels and related materials, and 12 per cent consisted of animal and vegetable oils, fats and waxes.
- THE Singapore Institute of Manufacturing Technology (SIMTech), a research institute of the Agency for Science, Technology and Research (A*STAR), and the National University of Singapore (NUS) Faculty of Engineering will be launching two joint labs to boost R&D in manufacturing. The research will focus on two areas, namely natural fibre composites and large format machining, to “move the local precision engineering industry into high value-added manufacturing”,The SIMTech-NUS joint labs aim to build capabilities and develop technologies to help the complex equipment
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