SINGAPORE retail sales are expected to be weak this year amid novel coronavirus pressures, following a 2.8 per cent fall in 2019, which was the steepest decline in six years. Deepening from 2018’s 0.8 per cent fall, the full-year figure marked the first consecutive annual contraction since the post-Global Financial Crisis period in 2009 and […]
Read MoreSINGAPORE: Singapore is set to roll out a hefty package of measures to cushion the blow from the coronavirus epidemic on its economy next week, with some analysts expecting it to budget for its biggest deficit in over a decade. The South-East Asian business and travel hub, expected to see its economy contract this quarter […]
Read MoreSINGAPORE retail sales ended 2019 on a weak note, down 3.4 per cent year on year in December as motor vehicle sales plummeted, according to data from the Department of Statistics on Wednesday. Total sales value for the month was S$4.2 billion, of which 6.8 per cent came from online sales. But excluding motor vehicles, […]
Read MoreSINGAPORE’S tourism-linked sectors are in for a rough ride – visitor arrivals may fall by 25 to 30 per cent this year due to the novel coronavirus outbreak. The decline will come after four straight years of growth in arrivals and receipts, said the Singapore Tourism Board (STB) at its annual year-in-review on Tuesday. While […]
Read MoreSINGAPORE – The Singapore Tourism Board (STB) is projecting a 25 to 30 per cent drop in visitor arrivals this year, as the deadly coronavirus that has killed more than 1,000 and infected more than 42,000 worldwide continues its global spread. This estimation is steeper than the 19 per cent decline in 2003, when Singapore endured the […]
Read MoreSINGAPORE – Singapore has been ranked the most liveable city for expatriates from other Asian markets for the 15th year running. The latest survey cited its excellent infrastructure and amenities, low crime rate and a large expat community, which provides access to a social network. “The country will most likely continue to hold the top […]
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