Economy
Chart of the Day: Fiscal deficit may widen to 15.7% of GDP by end-2020
Chart of the Day: Fiscal deficit may widen to 15.7% of GDP by end-2020
This comes after the announcement of the Fortitude Budget.
Singapore considers resuming essential travel
This comes as the country works on re-opening its borders.
Daily Briefing: GoBear bags $24.12m from existing investors; LongHash Ventures reveals fourth cohort of startups
And Ziliqa rolls out social media initiatives to support relief efforts.
Q2 could be Singapore's worst quarter yet: analyst
Even the strong pharma production may not be enough to cushion the damage.
Business receipts down 1.1% in Q1
The recreation and personal services industry led the fall amongst sectors.
Daily Briefing: Authorities move on 'anti-competitive activity' on fuel retailers; Warburg Pincus to increase stake in ARA Asset Management
And Carousell to help SMEs digitise business.
Fiscal deficit totals $74.3b: DPM Heng
This follows after Singapore unveiled the $33b “Fortitude” budget.
Singapore unveils $33b ‘Fortitude' Budget
The new budget focuses on employee retention and rental support.
Inflation slips 0.3% in April
The pandemic and measures implemented impacted the collection of prices.
Singapore crowned as best city in managing post-COVID-19 era
The city-state came first as well with the lowest change in unemployment rate.
NODX up 5.8% in Q1
Non-electronic exports countered the lower exports seen on electronics.
GDP could contract 4% to 7% in 2020: MTI
Weak external demand will continue counter projected expansion of the manufacturing sector.
Singapore to move on second phase of reopening by end of June: report
Government plans to continue testing the population.
VCs bet big on ESG startups
Investments in the urban solutions and sustainability domain surged 56% over last year.
Daily Briefing: CPF, HDB, IRAS to resume operations from 2 June; Kollective Ventures acquires Paktor Group
And B Capital, Antler announced collaboration.
Chart of the Day: Budget measures a huge help in SME staff retention
But sectors such as hospitality/F&B, amongst others, need more support.
Nearly half of APAC firms stray from due diligence checks
This comes as companies struggle to monitor third-party risks during the pandemic.
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