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Posted on August 11, 2020

Virus-hit Singapore’s Q2 recession deeper than estimated

Singapore’s virus-hammered economy shrank almost 43 percent in the second quarter, in a sign that the country’s first recession in more than a decade was deeper than initially estimated, official data …

( read original story …)



Posted on August 11, 2020

Singapore faces a ‘bumpy road’ to recovery from coronavirus impact: CIMB

Even as Singapore’s domestic consumption picks up, its economic resumption remains rocky without a more substantial global recovery in external demand like trade plus goods and services, says Song …

( read original story …)



Posted on August 11, 2020

Coronavirus latest: Singapore economy shrinks 13% in Q2 as forecasts revised

Sydney Airport is raising $1.4bn to restructure its operations in response to the calamitous slump in air travel. Reporting delays keep a lid on US figures for new cases and deaths. Cuba shuts down …

( read original story …)



Posted on August 11, 2020

How Singapore Nurtured Foreign Tech Trio Who Became Billionaires

David Chen left his native China as a teenager to attend school in Singapore. Little did he know that his adopted city would help him reach the ranks of the ultra-rich.The co-founder of Sea Ltd. is …

( read original story …)



Posted on August 11, 2020

Businesses welcome cross-border travel arrangements between Singapore, Malaysia

Businesses on both sides of the Causeway welcomed the cross-border travel arrangements between Singapore and Malaysia, which will allow employers to travel for essential meetings and afford workers …

( read original story …)



Posted on August 10, 2020

AXA Considers Sale of Singapore Business as It Seeks to Raise Funds: Sources

AXA SA is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according to people familiar with the …

( read original story …)



Posted on August 10, 2020

AXA Considers Sale of Singapore Business as It Seeks to Raise Funds: Sources

AXA SA is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according to people familiar with the …

( read original story …)



Posted on August 10, 2020

Businesses welcome cross-border travel arrangements between Singapore and Malaysia

The arrangement will address the pressing travel needs of both countries, the Singapore Business Federation and the Malaysia-Singapore Business Council said.. Read more at straitstimes.com.

( read original story …)



Posted on August 10, 2020

Temasek drops $3 billion bid for Singapore’s Keppel Corp

Singapore’s Temasek Holdings has decided to drop its $3 billion conditional offer for conglomerate Keppel Corp after invoking a material adverse change (MAC) clause.

( read original story …)



Posted on August 10, 2020

Sun Life opens Singapore office, looks for acquisitions in Asia

The Toronto-based firm will target affluent clients in the city-state, offering insurance products through international brokers and private banks in the Asian financial hub.

( read original story …)



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