THE Singapore dollar plunged to 1.40 against the US unit on Thursday, reflecting growing recession fears as new reported cases of Covid-19 – while slowing down inside China – seem to be picking up pace in the rest of the world. The SGD’s slide on Thursday was in tandem with broad weakness in Asian currencies […]
Read MoreANZ has become the latest bank to downgrade Singapore’s 2020 economic forecast, no thanks to the impact of the Covid-19 outbreak that has spread across the globe. Gross domestic product (GDP) growth could be just 0.4 per cent, according to Khoon Goh, ANZ’s head of Asia research, against his earlier projection of 1.5 per cent. […]
Read MoreThe Hanoitimes – It is unclear whether the GIC-led consortium has fully withdrawn from VCM or transferred its stake to other investors. The respective amounts of holding of Singapore’s sovereign wealth fund GIC and Credit Suisse Singapore Branch at VCM Services and Trading Development Company (VCM), the operator of the Vinmart chain, have been reported at […]
Read MoreSINGAPORE – More help is on the way for companies hit by the fallout from the coronavirus outbreak with six business families in Singapore setting up a $5 million kitty to extend short-term loans. Local small and medium enterprises (SMEs) whose business have been affected by the virus outbreak can use the fund for working […]
Read MoreSINGAPORE: Singapore’s budget provides a “fairly large fiscal boost” to the economy to counter the impact of the coronavirus, with the government still expecting positive growth for the year, Deputy Prime Minister Heng Swee Keat said. Authorities are open to “upsides as well as downsides” to its growth outlook, and therefore have to be prepared […]
Read MoreSINGAPORE’S official growth forecast for 2020 has been downgraded, with authorities bracing for the possibility of a contraction should the novel coronavirus outbreak be more severe than anticipated, a scenario that economists say could set the stage for further monetary easing. The Ministry of Trade and Industry (MTI) is expecting full-year gross domestic product (GDP) […]
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Thailand
