News
Singapore crowned as best city in managing post-COVID-19 era
Singapore crowned as best city in managing post-COVID-19 era
The city-state came first as well with the lowest change in unemployment rate.
ComfortDelGro profits fell 48.9% to $36m in Q1
This is due to the decline in revenue from public transportation services and taxis.
NODX up 5.8% in Q1
Non-electronic exports countered the lower exports seen on electronics.
Singapore to move on second phase of reopening by end of June: report
Government plans to continue testing the population.
DBS approves loans worth $1.1b for micro, small businesses
Interest rates of Enterprise Singapore financing schemes averaged 2-3%.
CapitaLand launches eCapitaMall and Capita3Eats in Singapore
Both the e-commerce platforms will be publicly accessible from 1 June.
New life insurance business premiums up 10% in Q1
More consumers take action to secure their financial future in view of COVID-19.
Chart of the Day: Budget measures a huge help in SME staff retention
But sectors such as hospitality/F&B, amongst others, need more support.
Daily Markets Briefing: STI down 2.17%
OCBC saw the sharpest decline amongst top active stocks with a 4.5% drop.
Daily Briefing: CPF, HDB, IRAS to resume operations from 2 June; Kollective Ventures acquires Paktor Group
And B Capital, Antler announced collaboration.
More closures and layoffs imminent in Singapore's F&B industry
Almost 41% of restaurants surveyed have ceased their operations completely during the circuit breaker period.
Daily Markets Briefing: STI down 0.26%
SIA led the gains amongst top active stocks with a 1.96% expansion.
Daily Briefing: Vickers Venture seeks investment from Korean investors; Ride-hailer TADA's parent company completes series A funding
And Bvlgari launches Singapore online store ahead of Italy.
Chart of the Day: SMEs turn to WFH and reduced work hours to cut costs
Some in the hospitality/F&B, wholesale and construction sectors resort to delaying payments.
Check out EternityX's newly acquired office in JustCo
The office has the same traditional setup from their headquarters and engineering hub.
Hotel RevPAR drops 62% YoY in Q1
The impact of the pandemic was most felt by hotels within the upscale segment.
Travellers allowed to transit through Changi Airport starting 2 June
This is part of the strategy to gradually re-open air transport.
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Commentary
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