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Singapore faces bigger contraction as Malaysia shuts borders

SINGAPORE: Malaysia’s movement control order is the latest threat to a Singapore economy already reeling from the coronavirus outbreak. The city state relies heavily on its neighbour’s workers and food, and Malaysia’s move Monday night to ban all visitors and prevent residents from travelling overseas for about two weeks will choke off a key labour […]

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Singapore’s non-oil exports up 3% in February, reversing January’s drop

SINGAPORE exports were back in positive territory in February 2020, thanks to a growth in both electronics and non-electronics shipments. Non-oil domestic exports (NODX) rose 3 per cent year-on-year in February, reversing from a 3.3 per cent decline in the previous month, according to figures released by Enterprise Singapore on Tuesday. Electronics exports increased by 2.5 per cent […]

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