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Daily Briefing: Authorities move on 'anti-competitive activity' on fuel retailers; Warburg Pincus to increase stake in ARA Asset Management
Daily Briefing: Authorities move on 'anti-competitive activity' on fuel retailers; Warburg Pincus to increase stake in ARA Asset Management
And Carousell to help SMEs digitise business.
Fiscal deficit totals $74.3b: DPM Heng
This follows after Singapore unveiled the $33b “Fortitude” budget.
Inflation slips 0.3% in April
The pandemic and measures implemented impacted the collection of prices.
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.
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Commentary
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