Daily briefing: Auto industry is hardest hit by pandemic: survey; SG logs $265m loss in scams

And tourism sector shows signs of recovery.


The automotive sector leads industries that suffered most during the pandemic, a survey found as 51.7% of the respondents from the sector said the disruption was “very significant.”

The survey, conducted by the Economic Intelligence Unit, surveyed some 175 supply chain managers, of whom 70% were from Asia.

Other industries surveyed were from footwear and apparel, food and beverage, manufacturing, IT, tech and electronics, and health care, pharmaceuticals and biotechnology.

Read more here.

From Mothership

Around 42% of crimes reported in Singapore are scams, costing them some $265m in 2020.

The Singapore Police Force reported that scam cases increased to 16,000 cases from 5,400 between 2016 and 2020.

The report also found that 6 in 10 respondents have experienced getting scammed between August 2019 and September 2020.

Read more here.

From CNA

Singapore’s tourism sector is showing “promising signs” of recovery, Manpower Minister Tan See Leng said.

“There are actually some promising signs,” Minister Tan told reporters, citing the resumption of travel between Singapore and Germany.

Singapore had earlier announced it will be opening travel lanes for vaccinated individuals between the two territories.

Read more here.

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