Economy
ESG, SSC to develop new standards for business resilience
These aim to mitigate the impact of the pandemic and bolster recovery efforts.
Lack of domestic demand to result in current account surplus in Thailand
Goods exports and imports in April went down by 3.3% and 17%, respectively.
India's automotive industry to weather another poor year before recovery
Weak domestic and global demand may force factories to suspend operations.
General Elections to take place on 10 July
President Halimah Yacob dissolved the Parliament and issued a Writ of Election.
Daily Briefing: Property firms expect more transactions in Phase 2 reopening; Sparrow raises $4.86m series A led by BitMEX owner
And stricter requirements for embalmers under new rules for licensed funeral parlours.
Inflation down 0.2% in May
CPI‐All Items inflation also fell no thanks to a larger decline in private transport costs.
Over 500 SMEs to benefit from Grow Digital initiative
There are currently five B2B platforms and six B2C solution partners pre-approved.
Daily Briefing: Retailers expect sales to stay weak even after lockdown; FairPrice further extends price freeze of products
And Turf Club to resume racing from 11 July.
Government to invest $20b for R&D projects: Heng
They will create alliances to prototype new ideas within the coming months.
Daily Briefing: Singaporeans may be allowed to enter Malaysia without restrictions; Kamet Capital Partners hires seven new people to manage assets
And hospitality startup K Hotel raises $2m in seed funding.
Daily Briefing: Show galleries to re-open on 19 June; Selected food courts to test table-top separators
And NEA urges coffee shops to remove smoking corners.
Health Ministry watchful as economy reopens
Phase 2 reopening kicks off from today, with restaurants and retail outlets open again.
Singapore, Shenzhen strike deals to push digital collaboration
A new Asian SME Hub will also be open to facilitate access to a larger ecosystem of buyers.
Daily Briefing: Eligible seniors to receive $255m in MediSave top-ups; Hawker centres to feature new seating arrangements during Phase 2.
And InstaReM launches BizPay to SMEs.
Singapore hailed 2nd simplest market to do business in Asia
The Lion City scored exceptionally well in its accounting and tax standards.
NODX down 4.5% in May
Whilst electronics exports rose 12.5%, non-electronics fell 8.8%.
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