Economy

Scared investors scurry to deposit gold in Singapore vaults

Depressing global economic outlook push deposits up by 90%.

High wages forced 42,000 businesses to exit in 1H16

The exodus spurred recession fears among Singaporeans.

Domestic wholesale trade sinks 20.5% in 2Q16

Blame it on price slump of petroleum and chemical products.

Is government ready for bailout of companies facing default?

Businesses are scuffling against oil price slump.

Singaporeans are among the most pessimistic about the economy

Its consumer confidence score dropped to a 7-year low at 33.6.

Newly formed Singaporean businesses dropped to 48% in Q2

While foreign owned-businesses upticks by 21.3%.

Singapore’s NODX sharply plunged 10.6% in July 2016

Blame it on weak electronics and non-electronics export.

Singapore kicks Hong Kong further down the innovation index

The Lion City ranked first in Asia and sixth worldwide.