Economy

64% of Singaporeans believe they will lose more money in 2020

64% of Singaporeans believe they will lose more money in 2020

Faith in the government still remains at a high level. 64% of Singaporeans expect they will be financially worse off in 2020 compared to 2019...

News

GDP growth forecast dips to -2.8% amidst COVID-19 pandemic

Three main sectors of the economy fell due to the escalating outbreak in the country.

News

Daily Briefing: Razer sets up mask manufacturing line in Singapore amidst COVID-19 shortage; KKR shelves to sell Goodpack amidst market turmoil

And Manpower minister plans on penalties for firms who are not following the guidelines.

News

Why Business Continuity Planning of IT infrastructure is a must for Singaporean companies to survive Covid-19

Earlier this month, the World Health Organization (WHO) declared Covid-19 a global pandemic. This news has sent shock waves across the world and has...

Commentary

Daily Briefing: Securing grocery deliveries get difficult amidst COVID-19; Fintech startup MatchMove buys stake in e-commerce solutions provider

And agrifood tech firm DiMuto raises undisclosed funds from venture capital studio Latin Leap.

News

Daily Briefing: HOOQ files for liquidation; 2,300 students ask to return from overseas placement amidst COVID-19

And Switzerland-based software firm Netcetera opened its first office in Singapore.

News

Fiscal deficit to make up 11.4% of GDP in 2020: Fitch

Final deficit figure likely to fall at 7.2%.

News

Daily Briefing: Singapore's PM says tourism and aviation industries are virtually dead; CPF services centre in Bishan temporarily closes

And medtech firm Biolidics acquires lab operator for $3.7m.

News

Recession risks for 2020 to persist despite resilience budget: analysts

Another fiscal package may be necessary if recession lasts to Q4.

In Focus

Government launches $48b resilience budget against COVID-19 pandemic

Qualified commercial properties may receive a 100% tax rebate.

News

Factory output dipped 1.1% in February

The electronics sector saw the sharpest decline in output at 17.3%.

In Focus

Singapore headed for recession: MTI forecasts

Advanced estimates on Q1 GDP showed a 2.2% contraction.

News

Singaporean services hit record-high in customer satisfaction in 2019

But customers stil bemoan the long waiting time in hospitals.

In Focus

Daily Briefing: Bar and cinema closures rub salt in wound for economy; Pandemic may hit S-REITs harder than the Financial Crisis

And Singapore will make its contact tracing tech freely available to developers worldwide.

News

Local bankruptcies rose to record-high even before the pandemic hit

The number of individuals filing for bankruptcy soared 47% from 2018 to 434 in January.

News

Inflation to ease further amidst collapse in demand

MAS is expected to lower their inflation forecasts to -0.5 to 0.5%.

News

COVID-19 could spur $620b in losses for Asia-Pacific

Inflation and policy rate falls as unemployment rate increases in the region.

Asia