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Singapore: Heartland businesses see revenue growth as consumer spending shifts from city to suburbs

[SINGAPORE] Businesses in the heartlands are likely to see continued increases in revenue, as consumer spending has shifted from the city to the suburbs. So long as work-from-home arrangements and safe distancing measures persist, this trend will likely continue, said researchers at the Asia Competitiveness Institute (ACI), a local think tank in the Lee Kuan […]

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Singapore’s Internet economy drops 24% in 2020; Vietnam, Indonesia see double-digit growth

DIGITAL economies in Vietnam and Indonesia managed double-digit growth despite headwinds from the Covid-19 pandemic, although Singapore’s fell 24 per cent to US$9 billion. According to the 2020 South-east Asia e-Conomy report by Google, Temasek and Bain & Co, Vietnam’s Internet economy grew 16 per cent to reach US$14 billion in gross merchandise value (GMV), […]

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Myanmar trade deficit in goods with Singapore estimated at USD $ 10.7 billion in the past four years

Myanmar trade deficit in goods with Singapore was estimated at US$10.72 billion in the past four years, the statistics issued by the Central Statistical Organization under the Ministry of Planning, Finance and Industry indicated. The value of Myanmar’s bilateral trade with Singapore topped $15.46 billion between the FY2016-2017 and the FY2019-2020 (as of August). The […]

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