BEIJING – China will soon relax its border controls for Singapore and several countries, allowing certain categories of people to travel to some cities. Chinese state media on Wednesday (May 27) reported that the Civil Aviation Administration of China (CAAC) will let domestic and foreign airlines apply for “green channels” for chartered flights to airports in the […]
Read MoreSINGAPORE’S services sector saw receipts fall 1.1 per cent year on year in the first quarter of 2020, in a reversal from the previous quarter’s 4.5 per cent growth, according to a Department of Statistics release on Wednesday. Amid the Covid-19 outbreak, the greatest decline was for recreation and personal services. But the quarterly index excludes wholesale […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Singapore companies are expected to deliver US$14.2 billion (S$20.2 billion) in dividends in 2020, down 4.5 per cent from US$14.8 billion a year ago. The fall in dividends comes amid a stark outlook following the implementation of Singapore’s circuit breaker since April 7, which is projected to trigger a shrinkage of gross […]
Read MoreSINGAPORE – Small and medium-sized enterprise (SME) tenants will get more rent relief through a cash grant to offset their rental costs as part of the Government’s efforts to help them get back on their feet after the circuit breaker period. A new Bill will also be introduced next week that mandates that landlords contribute by […]
Read MoreSINGAPORE – Singapore’s Infrastructure Asia will identify suitable investors for infrastructure projects in Myanmar, following an agreement inked with Myanmar’s Ministry of Planning, Finance and Industry (MoPFI) on Wednesday (May 27). The agreement will help implement projects in the Myanmar Project Bank, an online database of priority infrastructure investments that are aligned with the country’s […]
Read MoreSINGAPORE – With consumption stymied by Covid-19 circuit breaker measures, overall inflation in Singapore turned negative in April for the first time since October 2016 on a sharp drop in car prices, while core inflation slid deeper into the same territory, official data released on Tuesday (May 26) showed. Core inflation, which excludes accommodation and private road […]
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