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64% of Singaporeans believe they will lose more money in 2020

64% of Singaporeans believe they will lose more money in 2020

Faith in the government still remains at a high level. 64% of Singaporeans expect they will be financially worse off in 2020 compared to 2019, according to a Blackbox survey. This increased by 19 percentage points from the 45% who said the same in the post-Budget carried out in February. Meanwhile, 7% of Singaporeans said they have lost their job already, whilst 15% have had their wages reduced, and 17% are working lesser hours. Despite the worrying economic circumstances, faith in the Government remains at a high level, with a full 54%, scoring 8 out of 10 in the resilience budget. The average score was 7.4 out of 10, up from 6.7 in comparison to February’s budget. However, 85% of those surveyed said the government should postpone the general election until after the crisis is over. The impact of the coronavirus is hitting the country both in health and economic terms as apart from reported job losses and reduced wages/working hours, 31% of Singaporeans are now also working and studying from home. In addition, 76% believe the number of cases will continue to increase in the next two weeks, whilst 5% of Singaporeans know someone who has contracted the virus and 4% have a family member who has contracted it.

Credit regulator, NGO launch joint debt relief scheme

It is available to those owing money to banks and licensed moneylenders.

Private condo prices down 0.5% in Q1: URA

Lower condo prices in CCR may have been due to lower median price sales at The M.

OUE introduces rental relief package

These include a waiver of gross rental for April 2020 and rent cuts of 15%-25%.

LIA Singapore offers six-month grace period for premiums

Policies will remain valid throughout the period.

SATS issues $200m fixed rate notes

The notes have a fixed coupon rate of 2.88% per annum and are payable semi-annually.

Doctor Anywhere bags $38.44m Series B funding

It plans to expand its platform to more markets this year.

HDB resale price held steady in Q1

The pandemic may have negated the positive growth in the recent months.

Daily Markets Briefing: STI up 2.69%

Singtel led the gains amongst top active stocks with a 4.96% growth.

Singtel raises $2m for COVID-affected groups and frontliners

The group will provide care packages to support consumers and SMEs.

ComfortDelGro Taxi extends rental relief until September

The $80m move will push the business into the red for the fiscal year.