News

Changi Airport Terminal 2 suspends operations for 18 months

Airlines will be relocated to the remaining terminals.

Insurance services to remain open

The government has raised distancing measures against COVID-19.

MAS names new assistant managing director

Celine Sia will hold the position for economics and knowledge management.

ComfortDelGro waives taxi rents for a month

Total relief package for drivers could amount to $99m.

Port of Singapore remains open amidst stricter measures

Essential maritime activities are exempted from the suspension.

Maybank Singapore temporarily shutters 8 branches

ATMs and cheque-deposit facilities will remain open.

Singapore has enough telco capacity: IMDA

Demand surges as people begin working from home amidst the lockdown. Singapore has sufficient telecommunications capacity to cope with the increase in demand, according to the Infocomm Media Development Authority (IMDA). Nine in 10 Singapore households have fibre networks in their homes, and IMDA assured that the city-state’s fixed and mobile networks will have the bandwidth to cope with the demand, as network traffic has seen quite a surge since the start of the COVID-19 crisis The surge in demand for home fibre broadband or mobile network services comes as most people start to work from home. Schools and higher learning institutes have shifted to home-based learning, whilst preschools and student-care centres remain closed.  

Genting Singapore's RWS suspends non-essential services till 4 May

This followed directives for most businesses to cease operations.

Enterprise Singapore to assist F&B sector with delivery orders

F&B outlets will no longer be allowed to provide dine-in services.

Local firms' payment performance nosedives to three-year low in Q1

Delayed payments made up 45.8% of all transactions during the quarter.

Retail sales dropped 8.6% to $3.1b in February

Industries selling discretionary items were affected by a decline in tourist arrivals.

Chart of the Day: Over 9,000 home units set to launch in 2020

Developers are likely to be unfazed by the pandemic.

Chart of the Day: Malaysians bought less condos from fringe districts in 2019

It still remained the top foreign homebuyer in the region after China.

Daily Markets Briefing: STI up 0.52%

Singtel led the gains amongst top active stocks with a 3.97% jump.

SPH REIT NPI increased 23.3% to $56.5m in Q2 2020

The improvement came from 98.9% occupancy rate in their assets.