SINGAPORE – The number of visitors to Singapore plummeted to about 240,000 in March, the lowest since the Sars outbreak hit the Republic in 2003. The number of arrivals last month represents an 85 per cent year-on-year drop, according to figures published by the Singapore Tourism Board (STB) on the Singapore Tourism Analytics Network website. […]
Read MoreSingapore (THE BUSINESS TIMES) – Singapore’s construction sector is poised to take a hard hit from the Covid-19 outbreak in the short-term, and is now expected to contract sharply by 10.3 per cent this year in real terms, according to Fitch Solutions. This is down from its previous forecast of a 3.2 per cent contraction, […]
Read MoreSINGAPORE – The number of people working in Singapore, excluding maids, plunged by 19,900 in the first three months of the year as the early impact of the Covid-19 pandemic disrupted economic activity. The drop in employment was the sharpest quarterly contraction since the severe acute respiratory syndrome (Sars) outbreak, when employment fell by 24,000 in the second quarter […]
Read MoreSINGAPORE – Even as Singapore slides into its worst-ever recession, some businesses ranging across the trade, services and retail sectors may continue to grow, the Monetary Authority of Singapore (MAS) said in its Macroeconomic Review on Tuesday (April 28). The coronavirus pandemic has in fact boosted demand for medical products, making it Singapore’s only trade-related […]
Read MoreLAYOFFS and unemployment are expected to rise in Singapore this year, in spite of a massive fiscal shot in the arm, the central bank said in a report on Tuesday, as it gauged the fallout from the Covid-19 pandemic that is expected to cause a global recession. The government has unveiled policies such as the […]
Read MoreSINGAPORE – About 60 per cent of consumer spending in Singapore has been hit by circuit breaker measures to tackle the Covid-19 outbreak. Among the sectors affected are transport, clothing and footwear, as well as recreation and culture, the Monetary Authority of Singapore (MAS) said in its twice-yearly macroeconomic review on Tuesday (April 28). But spending […]
Read More
Thailand
