THE Monetary Authority of Singapore (MAS) on Wednesday rolled out a S$125 million support package to help financial institutions and fintech firms amid the current economic slump. Funded by the Financial Sector Development Fund, about S$90 million will go towards supporting workforce training and manpower costs, and the remaining S$35 million, towards strengthening digitalisation and […]
Read MoreBANKS will see their capital and liquidity requirements adjusted to help sustain their lending activities amid the Covid-19 pandemic, among other fresh measures announced by the Monetary Authority of Singapore (MAS) in a statement on Tuesday. This move to ease requirements and supervisory programmes of financial institutions (FIs) is to enable them to focus on […]
Read MoreSINGAPORE: Singapore on Monday increased its cash payout to individuals and announced additional steps to save jobs as the city-state prepares to severely curtail activities to contain a spike in coronavirus cases. “The third virus-related stimulus package in two months will cost S$5.1 billion (US$3.6 billion), taking the nation’s total virus relief to almost S$60 […]
Read MoreSINGAPORE firms’ payment performance has in the first quarter of 2020 hit its lowest since the third quarter of 2016, with the services and manufacturing sectors seeing the largest year-on-year (y-o-y) increases in slow payment, the Singapore Commercial Credit Bureau (SCCB) said on Monday. Prompt payments plunged 8.5 percentage points y-o-y to 43.20 per cent from 51.70 per […]
Read MoreALL firms in Singapore will receive a subsidy of 75 per cent of gross monthly wages, for the first S$4,600 of wages paid in April 2020 for each local employee. This comes as the Jobs Support Scheme (JSS) was further enhanced for the month of April under the new Solidarity Budget, announced by Deputy Prime […]
Read MoreSINGAPORE’S retail sales continued their downward slide in February, shrinking 8.6 per cent year on year due to the decline in tourist arrivals and lower domestic consumption as a result of the deepening coronavirus pandemic, according to the Department of Statistics on Friday. Excluding motor vehicles, retail sales fell 10.2 per cent year on year in […]
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Thailand
