Economy
Singapore's ruling party wins albeit waning support
Singapore's ruling party wins albeit waning support
PAP now makes up 61% of the parliament, down from 70% in the 2015 elections.
Double-digit GDP contraction imminent in Q2: analyst
Labour conditions are also slated to get worse, even after Q2.
Daily Briefing: Minister Wong urges employers to continue WFH arrangements; Cybersecurity startup Aiculus raised $932k in seed funding
And Singapore enters survival mode and looks to reinvent itself in the post-pandemic period.
APAC's HNW wealth up 7.9% in 2019
The region fell behind the average global HNWI growth rate despite robust market performance.
Daily Briefing: COE prices close higher since suspension; Openspace Ventures raised $125.17m in first close of third SE Asia fund
And scientists seek power in shadow energy.
Daily Briefing: Digital community hubs to be launched by end August; Sequoia raises $1.81b for two new funds
And fintech firm FOMO pay acquired by Hong Kong’s AMTD.
Daily Briefing: Singapore's hotel industry can't rely on staycations; Indies raises $139m for third Asian fund
And overseas students affected by the pandemic have options in local universities.
IPO fundraising plunged 53.2% to $725m in H1
IPO momentum was interrupted by the pandemic and circuit breaker.
PMI inched up to 48 in June
This is the fifth month of contraction for the overall manufacturing sector.
Singapore ranked 14th priciest market for expats globally
It has compromised places with two Japanese cities Osaka and Nagoya.
Daily Briefing: Parcel locker network to be rolled out early 2021; Transcelestial closes $13.38m series A funding
And OSLabs shares acquired by India’s Affle for $3.98m.
Daily Briefing: Changi Airport to roll out contactless check-in kiosks; Dataxet buys Sonar Platform
And upgrades and rebuilding of school campuses delayed by one year.
SMU's incubator programme unveils second cohort of early-stage startups
The incubation programme for the 19 startups will be conducted virtually due to the pandemic.
Daily Briefing: Electricity tariff to fall 15% from July to September; Qualee raises $1.4m from Tandem Technology Partners
And B Capital closes second fund at $1.14b.
1.4 million Singaporeans to benefit from $570m in GST vouchers in August
Notifications will be sent out starting 1 July to 3 July.
SGX to introduce FTSE Taiwan Index futures
This is said to enable global investors to gain exposure on Taiwan stocks.
Payment delays ease in Q2
The retail and services sectors continue to drag prompt payments, whilst others recover.
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