News

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.

This mirrors the declines recorded in ASEAN stocks of the same criteria.

It allows Singapore’s financial benchmarks to be used in the EU.

The fund will have gathered total commitments of $811.73m.

Proceeds will be used partly for general corporate purposes.