Singapore’s coronavirus-hit economy shrank at a slower pace in the third quarter as restrictions were eased, official data showed Wednesday, but the trade-reliant city-state still faces a long road to recovery. The financial hub plunged into its first recession since the 2008 global financial crisis in the second quarter when the government closed businesses as […]
Read MoreBusy data week with eye on IPI THE week ahead is packed with data. The Statistics Department is expected to announce the Industrial Production Index and manufacturing sales today and the country’s jobless rate on tomorrow. Economists expect a slight uptick in Industrial Production Index data as activities have since picked up following the relaxation […]
Read MoreSINGAPORE – A new programme has been launched to help about 20,000 retailers and food and beverage enterprises in the heartland to keep pace with digitalisation and adopt e-payments as well as other digital commerce solutions. The Heartlands Go Digital programme, which was announced on Thursday (Oct 8), is part of the Government’s broader revitalisation efforts in the heartland. […]
Read MoreSTARTING November this year, cruises with enhanced safety protocols will be piloted for two cruise lines that are homeported in Singapore. The Singapore Tourism Board (STB) is also developing a mandatory certification programme – CruiseSafe – that sets out stringent hygiene and safety measures throughout the passenger journey, from before boarding to after disembarkation. The […]
Read MoreSINGAPORE: The resident unemployment rate rose by 0.4 percentage points in the month of August to 4.5%, said a Ministry of Manpower (MOM) report yesterday. This was slightly higher than the increase of 0.3 percentage points in July, when the resident unemployment rate was 4.1%. While monthly unemployment rates have so far generally remained lower […]
Read MoreNational flag carrier Garuda Indonesia is expanding its cargo routes by launching a weekly flight from South Sulawesi’s capital of Makassar to Singapore with hopes of boosting exports from the eastern part of Indonesia. The Makassar-Singapore route opened on Monday and will fly once a week using an Airbus A330-300 with a maximum cargo capacity […]
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