SINGAPORE: Private-sector economists have lowered their 2020 forecast for Singapore’s economy but they turned more bullish over the strength of a recovery next year and suggest the worst of the coronavirus-induced contraction came in the second quarter. The economy may shrink by 6% this year, according to a quarterly survey of 26 economists and analysts […]
Read MoreSINGAPORE, Sept 8 — Guidelines designed to ensure that businesses spell out the prices of goods and services clearly in their advertising were unveiled by the Competition and Consumer Commission of Singapore (CCCS) yesterday. The guidelines, which will take effect on November 1, aim to ensure that advertised “discounts” are genuine, and that mandatory costs such […]
Read MoreSINGAPORE, Sept 8 — Despite tourism coming to a standstill, more than 900 people have taken up jobs in the industry between April and July, in roles such as conference and event planners, system analysts and marketing sales executives. About 51 per cent of this group are aged 40 and above, and 87 per cent […]
Read MoreTHE Monetary Authority of Singapore (MAS) announced on Thursday that it will be taking steps to boost Singapore dollar (SGD) and US dollar (USD) funding for banks, in efforts to promote more stable funding conditions and to strengthen the sector’s resilience. Among the measures is a new MAS SGD Term Facility which will be introduced […]
Read MoreMALL operator Frasers Property Retail will launch a new e-commerce marketplace in Singapore next month, allowing tenants to reach potentially more than 800,000 shoppers online amid the coronavirus pandemic. The Frasers eStore will launch with 200 merchants, and will be accessible via the Frasers Experience (FRx) app – Frasers’ loyalty app – from end-October, said […]
Read MoreSINGAPORE – For the seventh consecutive year, Singapore has retained the top spot as Asia-Pacific’s most innovative nation in the latest Global Innovation Index. The annual index – released by the World Intellectual Property Organisation, Cornell University and Insead – ranks 131 economies according to their capacity for, and success in, innovation. The ranking is based […]
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