SINGAPORE: Singapore’s overall unemployment rate rose to 3.4% in August, official data showed, the highest since the middle of 2004 as businesses shed jobs due to the coronavirus pandemic. The rate nudged above a 3.3% peak hit during the global financial crisis in September 2009, the data showed. The city-state last month began releasing jobless […]
Read MoreSINGAPORE, Oct 7 — Singapore’s central bank will issue its monetary policy decision on October 14, according to its updated calendar today. All 13 economists in a Reuters poll last week forecast the Monetary Authority of Singapore (MAS) will keep its policy settings unchanged on hopes the economy will recover as the financial hub further […]
Read MoreIn another push to reopen its borders, resume general travel on a limited basis and revive its decimated air hub, Singapore is planning to start talks on air travel bubbles with countries that have managed the Covid-19 pandemic well. Tourists and other travellers who come in under this proposed arrangement will be tested for the coronavirus, but […]
Read MoreSINGAPORE: Singapore banks will extend debt relief for individuals and small-to-midsized businesses beyond the end of the year to support borrowers hardest hit by the coronavirus pandemic. The measures, set to expire on Dec 31, will now progressively end over 2021, the Monetary Authority of Singapore (MAS) said in a statement. The extended programme will […]
Read MoreSINGAPORE: Singapore’s budget will likely be challenging for a number of years as officials look to balance fiscal sustainability with generous aid amid a long recovery, and signalled that higher taxes may be on the line. Operating revenues this financial year will probably be 16% lower than the government estimated in February, Deputy Prime Minister […]
Read MorePROMPT payments declined to a new low in the third quarter of 2020 and accounted for less than two-fifths of total payment transactions, the Singapore Commercial Credit Bureau (SCCB) said on Tuesday. This came as local payment performance deteriorated further in the same period, although some slight improvements were seen across certain sectors, the SCCB […]
Read More
Thailand
