Economy
GDP growth forecast revised down to 0.5% for 2020
GDP growth forecast revised down to 0.5% for 2020
This falls at the lowest end of the earlier official forecast announced last November.
Total merchandise trade down 3.2% to $1t in 2019
This is blamed on oil trade as it fell 13.9% in 2019 amidst lower oil prices.
Daily Briefing: Budget to include package to ease household costs amidst COVID-19; Binance applies for crypto licence
And 72% of internet users in Singapore are mobile gamers.From Channel News Asia:
Malaysia GDP slows to 3.6% YoY in Q4 2019
Downturns in crude petroleum and natural gas segments triggered the lag.
Budget 2020 to include economic package to counter COVID-19
The package aims to help workers stay in their jobs.
Would Singapore be able to move past its contracting economy?
It is expected to attract more FDIs, according to Tricor Group CEO Lennard Yong.
Retail sales dropped 2.8% in 2019
Motor vehicle sales sharply fell 11%, the lowest in three years.
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In the era of digital economy, industry 4.0, and climate change, organisations, globally and in Singapore, are swiftly transforming their business...
Government likely to allocate $700m in nCoV relief packages
The budget deficit could widen in FY 2020 along with increased government spending.
Economy to contract 1% in Q1 amidst nCov outbreak: analysts
The manufacturing sector’s PMI will likely return to contraction in February and March.
Banks modest for Q4 2019 due to slow loan growth, weak NIMs
But high FY2019 momentum should present higher dividends. The banking sector sees a moderate Q4 2019 with slow loan growth and weak net interest...
Singapore dollar plunges after MAS' monetary easing announcement
The Singapore dollar dropped 0.9% to $1.3824 against the US dollar.
Singapore ranks 13th amongst top global cities
Cities were ranked according to their environmental, economic, and university impact.
Coronavirus may derail Thailand's economic recovery
The tourism sector appears particularly vulnerable.
Budget deficit could widen to 2.3-2.6% of GDP amidst nCov dilemma
The government is expected to provide a wider expansionary budget to prop up businesses.
Robotisation could boost economy by $100b in 2030
This GDP growth comes with a high robotisation rate of 44%, according to Oxford Economics.
Business conditions in services sector to get worse in H1 2020: survey
Accommodation, retail and F&B industries are expecting lower demand.
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