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The measures were originally scheduled to be lifted on May 5.

Oil sector boosted with entry of two bunkering companies. The Maritime and Port Authority of Singapore (MPA) has awarded two new bunker supplier licenses to Minerva Bunkering and TFG Marine, according to an announcement. These two new players will increase the supply of marine fuel, compliant with the International Maritime Organization (IMO) 2020 sulphur regulations, bringing the total number of MPA-licensed bunker suppliers in the Port of Singapore to 45. Minerva Bunkering and TFG Marine will be required to each operate at least two clean energy dual-fuelled bunker barges to drive more sustainable bunkering activities in the Port of Singapore. The companies both complement Enterprise Singapore’s (ESG) effort in the bunker fuel trading sector comprising more than 70 players, the press release stated. MPA added that overall bunker sales in Singapore grew 5.4% YoY, to 12.72m tonnes in Q1 2020 from 12.07m tonnes in Q1 2019. Bunkering services in the Port of Singapore and oil trading also remain resilient despite the global COVID-19 pandemic.  

The demand for tech professionals was countered by retail and trade hiring demand.

The company aims to explore floating data centres and LNG-to-power solutions.

Economies expected to enter a complicated transition from lockdown. Containing the COVID-19 pandemic will cost Asia Pacific at least $2.85t (US$2t) in lost household and corporate incomes through 2021, according to S&P Global Ratings. The economic cost of an initial one-month lockdown is calculated to be about 3% of GDP in Asia-Pacific.

Margins are expected to shrink 6-10bps compared to Q4 2019.

The facility aims to help make loans more affordable for SME borrowers.

This applies to bank loans incurred by local SMEs.

Their yields are largely supported by fixed rents for master leases.

Over half or $838m were clinched by its aerospace sector.

MAS directs the manager and trustee to safeguard interest of unitholders.

And remittance firm TranSwap in talks to close US$5-10m funding round.

Transaction volumes might further drop following social-distancing measures.

SGX saw the sharpest rise amongst top active stocks with a 1.12% climb.

The pandemic has led to a slump in oil prices.

The survey showed a marginal easing of expectations on prices.