In Focus
Core inflation continues to sink in June
Core inflation continues to sink in June
Most segments posted falling prices, albeit a moderated pace.
Singapore banks to post record low NIMs in Q2
They are expected to pencil in 16-22bps decline, with every 10bps having a 6-8% impact on net profit.
Property investment sales crashed 73.4% to $1.7b in Q2
The presence of several big-ticket commercial deals bolstered investment sales.
NODX up 16.1% in June
Analysts are now more optimistic on times ahead, but remain wary of a second COVID-19 wave.
Non-prime location vacancies to rise in H2
This comes as tenants will not be able to operate at full capacity which may lead to shutdowns.
The worst has passed for Singapore's economy: analysts
Manufacturing production and external demand are the main leads for the Lion City’s recovery.
Auditing holds accounting firms intact as consulting demand weakens
Auditing services remain their strongest suit, but the way they do it drastically changed.
Singapore's GDP contracts 12.6% in Q2: MTI
This is said to be attributable to the circuit breaker measures implemented.
Singapore's ruling party wins albeit waning support
PAP now makes up 61% of the parliament, down from 70% in the 2015 elections.
What role can offline stores play in Singapore for 2020?
Retailers are still expected to continue developing their physical stores post-pandemic.
‘Hybrid' events arise as MICE industry adapts in a post-pandemic era
The sector’s recovery will likely be slow as the ‘new normal’ entices major changes.
Flexible, costlier staff arrangements needed as “new normal” kicks in
HR firms highlight the importance of employees’ mental well-being.
Double-digit GDP contraction imminent in Q2: analyst
Labour conditions are also slated to get worse, even after Q2.
Singaporeans feel less optimistic on the real estate market in H2
More than half of Singaporeans call for ease of property curbs.
IPO fundraising plunged 53.2% to $725m in H1
IPO momentum was interrupted by the pandemic and circuit breaker.
Funding rounds intensify as crisis management adds up to VCs' investment criteria
Investors are expecting a bulk of changes in the ‘new normal’, making it harder for cash-strapped startups.
Retail sales crashed 52.1% in May
The last full month of the Circuit Breaker came worse, but is expected to lighten by June.
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