Economy
Government launches $5.1b solidarity budget amidst lockdown
Government launches $5.1b solidarity budget amidst lockdown
They will introduce a bill allowing businesses to defer rent and law payments, amongst others.
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.
PMI falls to record low at 45.4 in March
Faster contractions in finished goods, imports, input prices, and order backlog dragged it down.
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.
Myanmar's 2020 growth forecast slides to 3.6% amidst pandemic
The garment sector faces a weak outlook due to factory closures. Myanmar's 2020 GDP growth forecast is 3.6% or 2.7 percentage points (ppt) lower than...
Japan's budget deficit to expand to 7.4% in FY2020
The Olympics’ postponement will drag on tourism and consumption revenues.
64% of Singaporeans believe they will lose more money in 2020
Faith in the government still remains at a high level. 64% of Singaporeans expect they will be financially worse off in 2020 compared to 2019...
GDP growth forecast dips to -2.8% amidst COVID-19 pandemic
Three main sectors of the economy fell due to the escalating outbreak in the country.
Daily Briefing: Razer sets up mask manufacturing line in Singapore amidst COVID-19 shortage; KKR shelves to sell Goodpack amidst market turmoil
And Manpower minister plans on penalties for firms who are not following the guidelines.
Why Business Continuity Planning of IT infrastructure is a must for Singaporean companies to survive Covid-19
Earlier this month, the World Health Organization (WHO) declared Covid-19 a global pandemic. This news has sent shock waves across the world and has...
Daily Briefing: Securing grocery deliveries get difficult amidst COVID-19; Fintech startup MatchMove buys stake in e-commerce solutions provider
And agrifood tech firm DiMuto raises undisclosed funds from venture capital studio Latin Leap.
Daily Briefing: HOOQ files for liquidation; 2,300 students ask to return from overseas placement amidst COVID-19
And Switzerland-based software firm Netcetera opened its first office in Singapore.
Fiscal deficit to make up 11.4% of GDP in 2020: Fitch
Final deficit figure likely to fall at 7.2%.
Daily Briefing: Singapore's PM says tourism and aviation industries are virtually dead; CPF services centre in Bishan temporarily closes
And medtech firm Biolidics acquires lab operator for $3.7m.
Recession risks for 2020 to persist despite resilience budget: analysts
Another fiscal package may be necessary if recession lasts to Q4.
Government launches $48b resilience budget against COVID-19 pandemic
Qualified commercial properties may receive a 100% tax rebate.
Factory output dipped 1.1% in February
The electronics sector saw the sharpest decline in output at 17.3%.
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