Economy
PMI falls to record low at 45.4 in March
PMI falls to record low at 45.4 in March
Faster contractions in finished goods, imports, input prices, and order backlog dragged it down.
Daily Briefing: RedMart temporarily suspends new orders; TNB Aura launches fund to back struggling startups
And jail and fines were imposed for employers who refuse work from home.
Myanmar's 2020 growth forecast slides to 3.6% amidst pandemic
The garment sector faces a weak outlook due to factory closures. Myanmar's 2020 GDP growth forecast is 3.6% or 2.7 percentage points (ppt) lower than...
Japan's budget deficit to expand to 7.4% in FY2020
The Olympics’ postponement will drag on tourism and consumption revenues.
64% of Singaporeans believe they will lose more money in 2020
Faith in the government still remains at a high level. 64% of Singaporeans expect they will be financially worse off in 2020 compared to 2019...
GDP growth forecast dips to -2.8% amidst COVID-19 pandemic
Three main sectors of the economy fell due to the escalating outbreak in the country.
Daily Briefing: Razer sets up mask manufacturing line in Singapore amidst COVID-19 shortage; KKR shelves to sell Goodpack amidst market turmoil
And Manpower minister plans on penalties for firms who are not following the guidelines.
Why Business Continuity Planning of IT infrastructure is a must for Singaporean companies to survive Covid-19
Earlier this month, the World Health Organization (WHO) declared Covid-19 a global pandemic. This news has sent shock waves across the world and has...
Daily Briefing: Securing grocery deliveries get difficult amidst COVID-19; Fintech startup MatchMove buys stake in e-commerce solutions provider
And agrifood tech firm DiMuto raises undisclosed funds from venture capital studio Latin Leap.
Daily Briefing: HOOQ files for liquidation; 2,300 students ask to return from overseas placement amidst COVID-19
And Switzerland-based software firm Netcetera opened its first office in Singapore.
Fiscal deficit to make up 11.4% of GDP in 2020: Fitch
Final deficit figure likely to fall at 7.2%.
Daily Briefing: Singapore's PM says tourism and aviation industries are virtually dead; CPF services centre in Bishan temporarily closes
And medtech firm Biolidics acquires lab operator for $3.7m.
Recession risks for 2020 to persist despite resilience budget: analysts
Another fiscal package may be necessary if recession lasts to Q4.
Government launches $48b resilience budget against COVID-19 pandemic
Qualified commercial properties may receive a 100% tax rebate.
Factory output dipped 1.1% in February
The electronics sector saw the sharpest decline in output at 17.3%.
Singapore headed for recession: MTI forecasts
Advanced estimates on Q1 GDP showed a 2.2% contraction.
Singaporean services hit record-high in customer satisfaction in 2019
But customers stil bemoan the long waiting time in hospitals.
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