News
Daily Briefing: GIC, Dexus to acquire 50% of Rialto Towers for $387.5m; Kopar At Newton sold 77 units ahead ‘circuit breaker' measures
Daily Briefing: GIC, Dexus to acquire 50% of Rialto Towers for $387.5m; Kopar At Newton sold 77 units ahead ‘circuit breaker' measures
And about 3,300 devices have been loaned out to students for home-based learning.
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.
Daily Briefing: RedMart temporarily suspends new orders; TNB Aura launches fund to back struggling startups
And jail and fines were imposed for employers who refuse work from home.
SPH REIT NPI increased 23.3% to $56.5m in Q2 2020
The improvement came from 98.9% occupancy rate in their assets.
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