Pedestrians cross a deserted street outside the Bangkok Bank building during a phased lockdown due to the coronavirus in the central business district of Singapore, on Tuesday, June 2, 2020. Mostly empty offices, staggered work hours, face shields and contact tracing -- that's what Singapore's cautious return to work will look like under the watchful gaze of the hub's financial regulator. The authority's approach is part of a phased reopening of the city-state, which has been under one of the longest lockdowns in Asia as authorities battled a second wave of coronavirus infections. Photographer: Lauryn Ishak/Bloomberg
Read More

Singapore: Economists mixed on prospects of manufacturing; estimate job losses to hit 150,000 in 2020

SINGAPORE (June 29): Economists expect Singapore’s manufacturing to weaken in the coming months, following the plunge in May’s factory output numbers. The metric fell 7.4% year-on-year, reversing into the red after two months of stellar growth. RHB Securities’ economists attribute this to the circuit breaker measures which restricted the operations of non-essential services from April […]

Read More
sin02
Read More

Huawei loses out in Singapore 5G bid

SINGAPORE: Nokia and Ericsson have been chosen as Singapore’s main 5G network providers, telecom operators said, leaving Huawei with only a minor role as the Chinese tech giant faces growing US pressure. Huawei has been dogged by allegations of stealing American trade secrets and aiding China’s espionage efforts, with Washington pushing countries to bar the […]

Read More
logo
Read More

Thailand: State agrees export dip exceeds 5%

The Commerce Ministry has admitted for the first time the country’s exports may shrink by more than 5% for the year after performance plunged 22.5% year-on-year in May, leading figures for the first five months to drop by 3.71% from the same period last year. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office […]

Read More