SINGAPORE – Wages are likely to be harder hit than employment amid the Covid-19 outbreak, although workers in the retail trade, food and beverage, and recreation sectors are most vulnerable to layoffs, the Monetary Authority of Singapore (MAS) said on Tuesday (April 28). Labour demand will decline significantly across most sectors of the economy as overall […]
Read MoreSINGAPORE – The many risks to a decisive recovery may see Singapore’s economy contract by more than forecast this year, the Monetary Authority of Singapore (MAS) warned in its macroeconomic review released on Tuesday (April 28). The Government has said it expects gross domestic product (GDP) to shrink by between 1 per cent and 4 […]
Read MoreFinancial analyst Maegan Wang is among a group of Singaporeans based overseas for their jobs who have chosen to return here due to concerns about the coronavirus situation in their foreign postings. The 24-year-old will still have to pay state and federal taxes in the United States while she is working in Singapore, but changes […]
Read MoreSINGAPORE – Singapore’s factory output staged a surprising recovery in March, according to data released by the Economic Development Board (EDB) on Friday (April 24). But EDB cautioned that manufacturing output in March had not been significantly impacted by the coronavirus outbreak, and a more pronounced impact is likely to be seen from April onwards due […]
Read MoreSINGAPORE – Singapore Airlines has extended its wide-ranging flight cancellations by another month, just four days after it announced a one-month extension. This means that 96 per cent of its scheduled flights till end-June will be cancelled, amid travel restrictions worldwide and a drastic drop in demand for air travel. The first round of cuts were announced […]
Read MoreSINGAPORE – Singapore’s factory output staged a surprising recovery in March, according to data released by the Economic Development Board (EDB) on Friday (April 24). But EDB cautioned that manufacturing output in March had not been significantly impacted by the coronavirus outbreak, and a more pronounced impact is likely to be seen from April onwards due […]
Read More
Thailand
