Economy
Core inflation to remain in the red till end-2020
Core inflation to remain in the red till end-2020
External pricing and imported food prices will be pressured by global factors.
Singapore sees 0.4% deflation in July
Costs of electricity and gas and food saw a steeper decline.
72% of small businesses are satisfied with government efforts
Amongst ASEAN markets, Singapore is the most pleased with the relief efforts.
Daily Briefing: About 330 got jobs with start-ups under SGUnited package; See-Mode raises $9.7m series A round
And TADA unveils new wet market delivery service.
Domestic wholesale sales down 40.6% in Q2
Likewise, foreign wholesale sales dropped 30.4% over the same period.
Daily Briefing: Doyobi announces $1.37m in funding from 500 Startups; Hubble snags funds led by OSK Ventures
And Drone sector takes off with more potential for range of uses.
Daily Briefing: SIA Group passenger carriage drops 98.6% in July; Over 140 employees from SPH to be affected by retrenchment exercise
And Zoom opens a new data center in Singapore.
Economy to remain in contraction in H2 despite new fiscal package
Analysts believe that it would not be enough to boost the labour market and tourism scene.
Daily Briefing: EZ-Link, Touch 'n Go launch dual-currency contactless card; Aura Group, Conduit House raised $82.07m for hotel upgrade
And Singapore carriers' pilots and cabin crew who are returning from overseas to be tested for COVID-19.
Singapore unveils additional $8b fiscal package
The government has put more emphasis on job security, extending the Job Support Scheme for seven months.
NODX up 6% in July
Both electronic and non-electronic exports rose, albeit at a slower pace.
Daily Briefing: National Wages Council to update guidelines by September; Anchanto raises $16.6m in series C funding
And all SCDF frontliners to get smart watches by 2022.
Daily Markets Briefing: STI down 0.56%
ST Engineering led the gains amongst top active stocks with a 3.67% expansion.
Daily Briefing: Singapore, Japan to resume essential business travel; Foodpanda, ST Engineering tests drone food delivery
And blockchain accelerator Tribe goes virtual for batch 3.
Daily Briefing: SIA offers cabin crew early release and retirement; BondEvalue launches bond exchange platform BondbloX
And foreign workers resume certain types of work without needing BCA approval.
Household spending growth weakens as consumers focus on essentials
Purchases are concentrated on food and health products.
Daily Briefing: Start-up QIQ aims to roll out shared electric microcars; Incomlend raises $27.47m series A led by Sequoia
And over 6,000 of SIA Group's staff have taken no-pay leave since March.
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