SINGAPORE (BLOOMBERG) – Singapore stocks took a beating this week amid the twin uncertainties of the US election and the worsening pandemic in the West, almost replacing Thailand as Asia’s worst equity market this year. The Straits Times Index (STI) fell 1.1 per cent on Friday (Oct 30), taking the 2020 decline so far this year to […]
Read MoreSINGAPORE – Singapore’s labour market showed signs of improvement in the third quarter, but the overall job market picture remains gloomy ahead. While there was some bounce-back in local employment numbers, it is a faint silver lining amid the backdrop of rising retrenchments and declining overall employment, economists said. The total unemployment rate came in at 3.6 […]
Read MoreSINGAPORE – While some retailers – including Robinsons – have been hit hard by the Covid-19 pandemic and forced to shutter, others are looking to hire more staff to support their expansion plans. Homegrown footwear retailer Moda Paolo is opening two new outlets at shopping malls Jurong Point and Harbourfront Centre. Mr Loh Chong Hoe, who manages marketing […]
Read MoreROBINSONS Singapore, one of the oldest retailers in the Republic with more than a century in business, will close down for good following losses in recent years. But its last two stores at The Heeren and Raffles City Shopping Centre may remain open for a while more for final sales. The Business Times (BT) on Thursday […]
Read MoreFROM Nov 6, Singapore will fully reopen to visitors from mainland China and Australia, two of its biggest sources of arrivals last year. While the move is cheered by tourism and hospitality players, it may not immediately revive local tourism, with tour operators citing the need for reciprocity and more details on testing regimes. The […]
Read MoreSINGAPORE’s bank lending in September dipped for the seventh straight session on weaker business loans, preliminary data from the Monetary Authority of Singapore showed on Friday. Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – stood at S$677.46 billion in September, compared with S$677.86 billion […]
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