SINGAPORE: While Asian housing markets from Hong Kong to Bangkok buckle under the outbreak of coronavirus, Singapore seems to be holding up, at least for now. Sales in the city-state jumped 57% to 975 units in February, from 620 in January, according to Urban Redevelopment Authority data released Monday. It’s the highest February total since […]
Read MoreSINGAPORE – The Monetary Authority of Singapore said on Friday (March 13) that it “stands ready to ensure the orderly functioning of financial markets and the stability of the financial system in Singapore” as the coronavirus crisis deepens worldwide. It assured that the Singapore dollar money market and foreign exchange market are currently “functioning normally in the […]
Read MoreEMPLOYMENT growth slowed in the final quarter of 2019 though it held up well for the full year, according to the Ministry of Manpower’s (MOM) Labour Market Report 2019. The outlook for 2020 is a lot more uncertain given the fallout from the Covid-19 outbreak, said Manpower Minister Josephine Teo. It would be “unrealistic” to expect […]
Read MoreDPM Heng says the numbers are being crunched now, and there will be targeted and broad-based measures to help firms through virus crisis WITH a second support package on the way amid the ongoing Covid-19 outbreak, the government is not ruling out the possibility of tapping past reserves to fund it, said Deputy Prime Minister […]
Read MoreSINGAPORE: Singapore is bracing for a harder hit to tourism than initially expected from the coronavirus as the outbreak spreads to more than 100 countries, impacting global travel plans, Communications and Information Minister S. Iswaran said. “Now it’s really the fact that there’s a global spread of this virus and therefore we will have to […]
Read MoreBUSINESS sentiment among Singapore firms plunged to an all-time low in the second quarter of 2020 on coronavirus health risks and potential economic impact, according to Singapore Commercial Credit Bureau’s (SCCB) latest Business Optimism Index study. Business sentiment tumbled to -7.88 percentage points in Q2 2020 from 5.31 percentage points in Q1 2020 as all six […]
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