SINGAPORE’S non-oil domestic exports (NODX), which rebounded in June after a surprise dip in May, are now on track to outshine the official forecast of a full-year contraction. But, despite an export boom in the powerhouse pharmaceuticals and electronics industries, watchers are mixed on how long the boost will last. NODX expanded by 16.1 per […]
Read MoreSINGAPORE – Over $4 billion under the Jobs Support Scheme (JSS) will be paid out to 140,000 employers from July 29 to help them retain their workers. This will help businesses to pay the wages of some 1.9 million local employees in total, the Ministry of Finance (MOF) said on Sunday (July 19). With this latest round […]
Read MoreSINGAPORE entered what might be its deepest – if not longest – recession in the second quarter, as gross domestic product (GDP) plummeted a record 12.6 per cent year on year due to Covid-19 measures and weak external demand, Ministry of Trade and Industry (MTI) advance estimates showed on Tuesday. Though Q2 might mark a […]
Read MoreSINGAPORE and Malaysia are aiming to restart cross-border travel by Aug 10 for long-term pass holders and essential business and official travellers. While it would bring some relief to Malaysian employees stuck here, and the employers supporting them, industry observers say it won’t be a panacea for all the issues that affected parties are currently […]
Read MoreSINGAPORE’S gross domestic product (GDP) plummeted 12.6 per cent year on year in the second quarter, bringing the country into full-blown recession, as Covid-19 “circuit-breaker” measures hit hard and external demand stayed weak amid the global downturn, according to Ministry of Trade and Industry (MTI) advance estimates on Tuesday. The second-quarter figure was worse than […]
Read MoreSingapore and Malaysia will implement a reciprocal green lane for cross-border travel between both countries, according to a press statement from both ministries of foreign affairs. Officials are working toward a target start date of Aug 10. According to the statement, the green lane will enable cross-border travel for essential business and official purposes. Eligible […]
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