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Singapore business confidence weakens for third straight quarter

BUSINESS confidence among Singapore companies remained downbeat for the second quarter of 2019, and waned for the third consecutive quarter, according to the latest quarterly Singapore Commercial Credit Bureau’s (SCCB) Business Optimism Index released on Tuesday. The overall index eased from +7.19 percentage points in Q1 2019, to +5.08 percentage points in Q2 2019. On a year-on-year […]

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Singapore’s US$222mil digital push

SINGAPORE: Singapore will allocate a further S$300mil (US$222mil) to spur research in digital innovation as the government transforms the economy through technology. The amount, almost double the current budget, is part of the next phase of the National Research Foundation’s five-year plan ending 2020, Minister for Communications and Information S. Iswaran said during a parliamentary […]

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Singapore remains Asean’s most connected trade hub, but improvements seen elsewhere too

Although Singapore remains the undisputed business hub of Asean a recently released international trade connectivity survey also found rapid improvements in other Asean member states. Cambodia, Malaysia, Singapore, and Vietnam (along with Mozambique) were highlighted in notes accompanying the latest DHL Global Connectedness Index (GCI 2019) as the five countries globally where international flows were […]

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