Singapore’s three largest banks are scheduled to release first-quarter earnings in the coming days, starting with DBS on Thursday.
Singapore Banks Set to Post First Profit Decline Since 2016
All three of Singapore’s banks are expected to see profit declines for the first time since 2016 as they set aside cash for a potential spike in bad loans stemming from the coronavirus-fueled economic …
A British expat in Singapore is paying $7,000 a month to swim in a pool during quarantine
The pool at the man’s condominium was closed due to social distancing measures, so he struck a deal with a neighbor.
Singapore Billionaire’s Son Leads Biotech Labs To Export COVID-19 Test Kits
As Singapore extends its semi lockdown circuit breaker to June 1st in the face of spiking coronavirus cases, local biotech firms are racing against time to work on solutions that can help curb the …
Singapore faces deeper-than-forecast recession as virus clouds global outlook: central bank
A recession in Singapore’s trade-reliant economy could be deeper than forecast as the protracted nature of the COVID-19 pandemic is likely to hamper a decisive rebound in global activity, the …
Singapore Faces Wage Cuts as Businesses Curb Costs, Central Bank Says
Wages in Singapore will take a bigger hit than jobs as businesses try to cut costs in an economy bracing for a sharp contraction, the central bank said.
Singapore faces deeper-than-forecast recession as virus clouds global outlook, central bank says
The Covid-19 pandemic knocked Singapore’s economy in the first quarter, when it shrank 2.2% — its sharpest contraction since the 2009 financial crisis.
Hin Leong Bust the Latest to Mar Singapore’s Oil Trading Haven
Singapore has long touted itself as the ideal home for a commodity trading house, with low taxes, light regulation and a view of one of the world’s busiest shipping channels. That hard-earned …
Singapore, Kuwait record highest number of Indian Covid-19 cases
More than 2,300 infections among Indian nationals, most of them workers living in dormitories, had been recorded in Singapore till late last week, and more than 1,300 infections were reported among …
Indonesia’s Pertamina to store gasoline onboard ships in rare move
Indonesia’s Pertamina has chartered ships to store gasoline off Singapore waters in a possible effort to cash in on the current low prices caused by a slump in demand because of the coronavirus, three …