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Posted on May 26, 2020

Singapore cuts 2020 economic forecasts for the third time on coronavirus concerns

The Singapore economy is expected to shrink by between 4.0% and 7.0% this year, according to the Ministry of Trade and Industry.

( read original story …)



Posted on May 26, 2020

Singapore Economy Could Contract Most Since Independence

Selena Ling, head of treasury research and strategy, global treasury, at OCBC Bank, talks about Singapore’s economy, which is facing its worst contraction since independence more than a half-century …

( read original story …)



Posted on May 26, 2020

Coronavirus live updates: U.S. cases top 1.6 million, Singapore slashes growth forecast again

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 …

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Posted on May 26, 2020

Singapore Sees Labor Market Conditions Worsening Later This Year

Singapore’s labor market conditions are expected to deteriorate later this year, Singapore’s Ministry of Manpower said in a press conference Tuesday.

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Posted on May 26, 2020

Virus-hit Singapore Economy To Shrink Up To 7%: Govt

Like many other countries, Singapore has ordered the closure of most businesses, advised people to stay at home, and banned large gatherings. Officials say they may start relaxing the rules from early …

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Posted on May 26, 2020

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.

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Posted on May 25, 2020

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.

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Posted on May 25, 2020

S’pore PM extends Raya greeting to leaders of Malaysia, Brunei, Indonesia

Singapore Prime Minister Lee Hsien Loong conveyed his Hari Raya Aidilfitri greetings on Sunday (May 24) to leaders of the republic’s neighbours, including Malaysia, the Singapore Prime Minister’s …

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Posted on May 24, 2020

PM Lee Hsien Loong extends Hari Raya greetings to Brunei, Indonesian, Malaysian leaders

Prime Minister Lee Hsien Loong extended greetings to leaders from Singapore’s neighbouring countries for Hari Raya Aidilfitri, his office said on Sunday (May 24).. Read more at straitstimes.com.

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Posted on May 24, 2020

Singapore looking at wearable devices to support COVID-19 contact tracing

To address concerns about battery life and the use of Bluetooth in its contact tracing app, the Singapore government now is developing wearable devices–tied to a lanyard–to help drive the adoption …

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