Economy
Singapore amongst the last to recover from COVID-19: analyst
The region will likely go back to its pre-COVID levels by Q1 2021.
Circuit breaker measures to ease on 1 June if cases stay low
Measures such as social distancing will still remain after.
Daily Briefing: Validus bagged $28.35m in series B funding; SFA launches tender for rooftop farming sites at HDB car parks
And retrofitted SMRT buses to transport patients between facilities.
Daily Briefing: Entropica Labs snags $2.6m in seed funding; Parts of Singapore racecourse to be converted into recovery facilities
And IKEA’s first small-store concept in SEA to open at Jem.
SGX Mainboard lifts minimum trading price rule
MTP watchlist companies are no longer required to satisfy exit criteria.
Daily Briefing: HSBC alleges Zenrock sought multiple loans for same oil cargo; Electric motorcycles set to rev up
And HPS, GIC take over outsourcing player Atento.
Philippine economy contracts 0.2% in Q1
The contraction was due to the Taal volcano eruption and lockdowns brought by the pandemic.
China's exports rose 3.5% YoY in April
The increase in exports is led by Japan, Australia, and Taiwan.
Daily Briefing: NEA rolls out $1.76m food waste fund; Fund managers may now tap into stay-at-home talent
And Mustafa Centre reopens supermarket after month-long closure.
Daily Briefing: SIA, Qantas tie up with Australia to carry produce to Asian markets; Three quarters of UOB staff now WFH
And DWS acquires warehouse in Singapore.
Daily Briefing: Singapore to ramp up factory activities as virus curbs ease; MCI, IMDA working with telcos to boost network capacity and internet connection
And d:tribe invests in Australian AI startup Shelfie.
Daily Briefing: Zero or single-digit cases needed to lift ‘circuit breaker'; hospitality association co-launches hotel benchmarking tools
And financial comparison startup GoBear buys fintech startup AsiaKredit.
Daily Briefing: Temasek Trust launches $10m COVID-19 assistance fund; SMRT extends full rental waiver for taxis
And Singapore launches its first drone delivery service.
Chart of the Day: Job vacancy to unemployed ratio fell below 1.0 in 2019
The labour scene was already weakening even before the pandemic struck.
Unemployment rate broadened to 2.4% in Q1
Total employment dropped to an all-time low since the SARS outbreak.
Daily Briefing: Syfe partners with SGX to launch REIT portfolio; ShopBack acquired South Korea's largest cashback platform Ebates Korea
And Vickers Venture Partners leads a $48.15m funding round for a California-based startup.
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