SINGAPORE, July 24 — Singapore’s manufacturing output decreased 6.7 per cent in June 2020 on a year-on-year basis, according to the Singapore Economic Development Board (EDB). However, the board said excluding biomedical manufacturing, output grew 2.1 per cent. As for performance by clusters, the EDB said electronics output grew 17.3 per cent in June 2020 […]
Read MoreSINGAPORE: Emerging economies could see the gains they’ve made over recent decades unravel, with economic, social and political consequences for the rest of the world, according to a senior Singaporean official. The warning from Senior Minister Tharman Shanmugaratnam, who is also economic adviser to Singapore’s prime minister, comes as the coronavirus pandemic has sent the […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Rents of retail space in Singapore’s central region shrank 3.5 per cent in the second quarter of 2020 over the previous three months, after easing 2.3 per cent in the first quarter of 2020. Data released by the Urban Redevelopment Authority (URA) on Friday (July 24) also showed that prices […]
Read MoreSINGAPORE – Defying Covid-19 circuit breaker measures and a recession, private home prices in Singapore edged up 0.3 per cent in the second quarter from the previous three months, according to final data from the Urban Redevelopment Authority (URA) on Friday (July 24). The 0.3 per cent gain in the second quarter of 2020 bucked […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Rents of office space in the central region of Singapore remained unchanged in the second quarter of 2020 over the previous three months. This compares with a 0.8 per cent drop in the first quarter of this year. Figures released by the Urban Redevelopment Authority (URA) on Friday (July 24) […]
Read MoreSINGAPORE: Singapore’s tourism sector is facing an existential crisis, its tourism board chief said on Wednesday, laying out plans to boost local demand after a collapse in visitor arrivals due to Covid-19 travel restrictions. Singapore had welcomed a record 19.1 million travellers in 2019 – more than three times its total population. But the island […]
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