The number of coronavirus cases in the U.S. topped more than 1.6 million as deaths rose to more than 97,000, a tally from Johns Hopkins University shows. President Donald Trump threatened to pull the ... ( read original story ...)
Germany to Bail Out Lufthansa; Singapore Stimulus: Virus Update
Dominic Cummings, one of Boris Johnson’s closest allies, refused to quit his job in the U.K. government, refuting claims he flouted lockdown rules that he had helped to draft. Germany agreed on a 9 ... ( read original story ...)
Virus-hit Singapore economy to shrink up to 7%: govt
Singapore's economy, a bellwether for global trade, could shrink by as much as 7.0 percent this year, as the coronavirus pandemic throttles demand, the government said Tuesday. The trade ministry ... ( read original story ...)
Singapore Slashes Growth Target With 7% Contraction Possible
Singapore’s economy probably will contract 4% to 7% this year as the coronavirus outbreak and measures to contain it pummel the trade-reliant city state.The government revised its forecast from a prev ... ( read original story ...)
Manufacturing sees 6.6% growth in Q1 after pharma boost amid overall weak economy: MTI
Singapore's manufacturing sector expanded by 6.6 per cent year on year in the first quarter of 2020, on the back of increased output in several sectors, especially biomedical production.. Read more at ... ( read original story ...)
Rich Chinese Snapping up Luxury Homes From Singapore to Sydney
Rich Chinese investors are finding luxury real estate is a good hiding place from the economic fallout of the coronavirus. ( read original story ...)
DBS approves 3,500 loans to small firms
DBS has approved around 3,500 loans totalling more than $1.1 billion for micro and small enterprises and firms under Enterprise Singapore's financing schemes.. Read more at straitstimes.com. ( read original story ...)
Singapore’s APL England loses cargo in heavy Australian seas
A Singapore-flagged cargo ship lost at least 40 containers in deep waters off the coast of Sydney when they fell overboard in heavy seas, maritime officials said on Monday. The vessel, APL England, lo ... ( read original story ...)
Singapore May Move to Second Phase of Reopening at End of June
Singapore will move to the next phase of re-opening around the end of June and resume more activities if all goes well, the city-state’s Minister for National Development Lawrence Wong said in a ... ( read original story ...)
DBS approves more than $1.1b in loans to over 3,500 micro and small enterprises since March
DBS has approved over 3,500 loans for micro and small enterprises, totalling more than $1.1 billion, under Enterprise Singapore's financing schemes.. Read more at straitstimes.com. ( read original story ...)
Plan to Send Solar Power From Australia to Singapore Moves Forward
Survey work will soon begin on an ambitious plan to export power from a giant solar farm in Australia to Singapore via a 3,800 kilometer (2,360 mile) undersea cable. ( read original story ...)
Singaporean Mobile Marketplace Carousell Launches Hong Kong Property Platform
The feature, called Carousell Property, provides listings of local and overseas residential and industrial property for sale and rent through its Carousell mobile application. ( read original story ...)
Singapore’s health ministry confirms 344 fresh COVID-19 cases
Singapore's health ministry on Monday confirmed 344 more coronavirus cases, taking its tally of infections to 31,960. ( read original story ...)
Plan to Send Solar Power From Australia to Singapore Moves on
Survey work will soon begin on an ambitious plan to export power from a giant solar farm in Australia to Singapore via a 3,800 kilometer (2,360 mile) undersea cable. ( read original story ...)
Will Singapore banks regret easy loans for coronavirus-hit businesses?
Struggling businesses have taken out 2,500 loans since March, but even with the government taking on a risk share of 90 per cent, banks are bracing themselves for defaults. ( read original story ...)
Singapore Dollar Looks Vulnerable Even as Economy Opens Up
Singapore’s currency looks set to remain under pressure as global headwinds outweigh the benefits of an easing in the nationwide lockdown. ( read original story ...)