Economy
MOH to restrict travel from Italy, France, Spain and Germany
MOH to restrict travel from Italy, France, Spain and Germany
Residents who recently travelled to these countries will have to self-quarantine for 14 days.
A third of SGC members expect over 10% revenue loss in H1 2020
Two-thirds saw a moderately disruptive impact on their business due to the outbreak.
COVID-19 to knock $211b off APAC economies
APAC markets to toe the recession line amidst coronavirus spread.
Weak profit outlook taints Q2 business sentiment
Organisations are least optimistic with new orders and net profits.
Lower oil prices no silver bullet for Singapore's economic woes: analysts
The transportation sector may have missed out on the massive energy discount.
Hotpot chain founder sets up family office in Singapore
Shu Ping is one of Singapore’s richest people with a net worth of around US$7.7b.
Singapore nabs 8th spot for fastest growing UHNWI markets
New ultra-rich individuals are emerging from its vibrant startup scene.
CAD orders TEE International to show documents on ex-CEO's remittances
Phua Chian Kin admitted to using company funds for his personal use.
Manufacturing output hits five-year low in February
The electronic sector PMI also dipped to its lowest level in eight years.
Maximum investment under Startup SG Equity Scheme doubles
Startups under the scheme can now get up to $8m.
MTI to bolster initiatives for firms' overseas expansion
They will extend the Double Tax Deduction Scheme and launch the Grow Digital initiative.
Business receipts in services sector climbed 4.6% in Q4 2019
Revenues in the transport & storage services industry grew 5.6%.
Chart of the Day: Singapore's merchandise exports dipped 4.2% YoY to $532.51b in 2019
Majority of the export trading volume went to China.
COVID-19 weighs on deflationary pressures for 2020
But MAS kept its inflation forecasts to 0.5-1.5%.
Core inflation hit 0.3% in January
This was blamed on lower services inflation and a steeper drop in the cost of retail.
A Guide for Singapore's SMEs: Reading between the lines of the Budget
The Budget provides Singapore SMEs with defence and growth measures – it’s now up to businesses to take them!
Government balance to remain in “healthy surplus” in 2020
The city’s public finances remain sound despite a higher budget deficit.
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