Singapore is facing the deepest recession in its 55-year history, and authorities have warned that unemployment is likely to rise and wages drop. The city-state has among the highest number of ... ( read original story ...)
Singapore PM Says Cases Must Ease Before Economy Restarts
Singapore can only relax its partial lockdown measures and progressively restart its economy after the city-state brings down the number of new coronavirus cases, according to Prime Minister Lee Hsien ... ( read original story ...)
Lower interest rates are the biggest headwind this year, says CEO of Singapore’s largest bank
The Federal Reserve's "big cuts" to its policy rates will eventually lead to lower interest rates in Singapore, says Piyush Gupta, chief executive of DBS Group Holdings. ( read original story ...)
Singapore reports 528 new coronavirus cases, taking total to 16,169
Singapore confirmed 528 new coronavirus cases on Thursday, its Health Hinistry said, taking the city-state's total cases to 16,169. ( read original story ...)
Singapore’s DBS bank posts 29% fall in first-quarter net profit; shares jump 4%
DBS, Southeast Asia's largest bank, said it set aside 1.09 billion Singapore dollars ($772.5 million) to cover potential losses from the coronavirus pandemic. ( read original story ...)
Singapore Airlines Has ‘No Obligation’ To Virgin Australia Cash Infusion, Committed To Vistara
Singapore Airlines has no requirement or obligation to put in capital for Virgin Australia,” the airline told shareholders ahead of an extraordinary general meeting to raise capital. Singapore ... ( read original story ...)
Singapore’s DBS bank posts 29% fall in first-quarter net profit
DBS, Southeast Asia's largest bank, said it set aside 1.09 billion Singapore dollars ($772.5 million) to cover potential losses from the coronavirus pandemic. ( read original story ...)
Singapore Bourse May Add To Its Winnings On Thursday
The Singapore stock market has moved higher in three straight trading days, rising more than 55 points or 2.2 percent in that span. The Straits Times Index now rests just beneath the 2,575-point ... ( read original story ...)
In Singapore, Spy Robots Make Social Distancing Reinforcement Like Something Out of a Movie
R3 roams public spaces and reminds citizens that to prevent the spread of COVID-19, "gathering in public parks are not allowed." ... ( read original story ...)
Singapore Was a Coronavirus Success Story—Until an Outbreak Showed How Vulnerable Workers Can Fall Through the Cracks
Asadul Alam Asif has watched nervously as Singapore reported more and more COVID-19 cases in migrant workers’ dormitories like the one where he lives. The 28-year-old Bangladeshi technician counted ... ( read original story ...)
Singapore Employment Plunges Most Since SARS Outbreak in 2003
Employment in Singapore began the year with its sharpest quarterly contraction since the SARS outbreak in 2003 as the city-state contends with the highest number of coronavirus infections in Southeast ... ( read original story ...)
Singapore’s first-quarter jobless rate highest in a decade, foreign employment drops
Singapore's unemployment rate edged up in the first quarter to its highest in more than a decade, as the government warned that labour market conditions were likely to further worsen due to the ... ( read original story ...)
Australian High Commissioner to Singapore says more digital agreements are in the works
Australian High Commissioner to Singapore Bruce Gosper has hinted that Australia is in talks with other countries in the region about inking additional bilateral digital economy agreements after it ... ( read original story ...)
‘Invisible and possibly forgotten’: Singapore’s second wave of coronavirus cases prompts soul searching on the conditions of foreign workers
Low-paid South Asian laborers in the city-state have been the worst affected by COVID-19 and have the most trouble accessing health care. ( read original story ...)
Singapore’s ‘hooligan cook’ offers free meals for needy during virus lockdown
As food stalls around him have closed during the coronavirus outbreak in Singapore, 28-year-old cook Jason Chua has vowed to stay open for the many that now depend on him. ( read original story ...)
Coronavirus pandemic will likely end the strong profit growth in Singapore banks
Singapore's three largest banks are scheduled to release first-quarter earnings in the coming days, starting with DBS on Thursday. ( read original story ...)