Economy
Chart of the Day: Headline consumer prices fell 0.74% YoY in April
Chart of the Day: Headline consumer prices fell 0.74% YoY in April
This is the second straight month of deflation for the city-state.
Philippines' manufacturing PMI rose to 40.1 in May
Easing of measures helped businesses to restart operations.
Daily Briefing: HDB to offer 7,800 BTO flats in August sales exercise; XA Network invests in Vertex Ventures' $428.39m fund IV
And Singtel Innov8 backs $73.04m series D in Synack.
Singapore climbs to 16th place in global startup ecosystems rankings
Its status as a global fintech hub helped boost its position.
Daily Briefing: NTU, Facebook to launch programme for data centre certificates; Temasek leads $39.38m series C funding in Arterys
And startup accelerator Iterative reveals the first cohort of startups.
Chart of the day: Industrial production up 13% YoY in April
This is attributed to the biomedical manufacturing cluster.
Daily Briefing: FairPrice, WhyQ launch zero-commission food delivery platform; Endofotonics bags $12m series B funding
And Wiz.ai nabs $8.48m pre-series A funding led by GGV Capital.
RIABU's pledge2play backs debt-ridden SMEs in payments showdown with big firms
Most SMEs are cash-strapped before COVID-19 and loans are seen as an expensive option.
Business in the time of Corona
Singapore’s business leaders reveal how they responded and how firms are coping with it.
Chart of the Day: Fiscal deficit may widen to 15.7% of GDP by end-2020
This comes after the announcement of the Fortitude Budget.
Singapore considers resuming essential travel
This comes as the country works on re-opening its borders.
Daily Briefing: GoBear bags $24.12m from existing investors; LongHash Ventures reveals fourth cohort of startups
And Ziliqa rolls out social media initiatives to support relief efforts.
Q2 could be Singapore's worst quarter yet: analyst
Even the strong pharma production may not be enough to cushion the damage.
Business receipts down 1.1% in Q1
The recreation and personal services industry led the fall amongst sectors.
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.
Singapore unveils $33b ‘Fortitude' Budget
The new budget focuses on employee retention and rental support.
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