News

Total securities market turnover value skyrocketed 124% YoY to $48.2b. SGX’s securities daily average value (SDAV) surged 114% YoY to $2.2b as returns in the Straits Times Index (STI) crashed 17.6%, according to an SGX report.

Research reveals the impact of COVID-19 pandemic on employees.

ABS will grant $25 in cash to the first 20,000 new PayNow sign-ups until 31 July.

Majority said that the circuit breaker measures are sufficient to slow the virus spread. More than half or 55% of Singaporeans rated the latest solidarity budget strongly, according to Blackbox Research’s survey, indicating that they have remained satisfied with the support being offered by the government. In addition, 90% expressed confidence that the circuit breaker measures will be sufficient to slow the spread of the virus. This is despite half of respondents indicating that the measures should have been implemented earlier. Meanwhile, an overwhelming 80% consider the $300 cash pay-out as the top initiative that will help themselves and their families, followed by the enhanced job support scheme and the job support scheme pay-out from April to May. The enhanced job support scheme is also seen by 65% of the respondents to be the most effective, whilst the enhanced loan support and rental waiver got 55% and 54%, respectively. “The public is hopeful that these measures will help to secure jobs and mitigate the fallout from the business closures and disruptions now being widely flagged,” said David Black, founder and CEO of Blackbox Research Singaporeans are keeping positive and said they will follow the strict measures closely despite the stringent measures introduced by the government.  

Accommodations will be used starting next week.

Recovery is expected to continue but is inconsistent and could deviate until April.

The property developer is expected to record a net gain of $90.6m.

About $3.7b will be used to fund expenses incurred amidst reduced operation.

Singtel led the gains amongst top active stocks with a 3.83% expansion.

This takes up nearly half of the total supply pipeline in the CBD.

Most room-types' reseal prices recorded growth.

Around 1,600 will benefit from the compensation.

It had earlier planned to announce the successful applicants in June.

And Singapore food agency ramps up rooftop farming plans.

Genting Sing led the gains amongst top active stocks with a 2.76% expansion.

Electronic payments are expected to take up 61% of transactions by 2023.