In Focus
Singapore dollar rally to continue through rest of 2020: Fitch
It is forecast to reach as high as S$1.37/USD in 2021.
Singapore dollar rally to continue through rest of 2020: Fitch
It is forecast to reach as high as S$1.37/USD in 2021.
MAS core inflation slows to a 0.1% decline in September
Inflation is expected to come fall between -0.5% to 0% for 2020.
5G and government support boost renewable use for data centres
Data centre firms have tempered expectations for green energy sources, but opportunities still await.
Industrial occupancy rate edges up in Q3, new space falls to record low
Only 24,000 sqm of new space was completed during the quarter.
Singapore least affected by climate change in APAC: study
Its geographic location and healthy infrastructure helped mitigate impact.
Economy to shrink 5-7% this year: SGX
But recent weeks have shown that it is recovering from record-low Q2 activities.
JSS to disburse over $5.5b from 29 October
This will subside wages of almost two million workers from June-August.
NODX sees rough growth in Q4
Singapore’s recovery momentum may take a slower and choppy pace.
HDB resale prices up 3.1% in September
Young couples are driving the demand for resale units.
Stress, burnout cases rise amongst young healthcare professionals
Majority feel that their education is lacking when dealing with the data aspects of their job.
Singaporeans burnout amidst health fears, lack of work-life balance
Singapore has the highest number of workers experiencing increased stress levels across the countries surveyed.
Singaporeans' economic concerns prevail over health woes: study
The COVID-19 pandemic stirs citizens’ economic fear than potential health threats.
NODX full-year growth may exceed 6%: analyst
But low oil prices and the volatility of safe-heaven demand may weigh on expansion.
NODX up 7.7% in August
Non-electronic NODX jumped 8.3% during the month.
COVID-19 vaccines could be the aviation sector's saving grace: analyst
SATS’ Coolport@Changi may play a critical role in vaccines' mass distribution across APAC. The aviation sector is not expected to make any improvement by end-2020 as borders remained close in Q4, reports UOB Kay Hian. But one saving grace remains: the development of a vaccine by Q1 2021, which will benefit the sector even before air traffic begins to recover. Right now orders are expected to remain closed, possibly even until Q1 2021, which will weigh on the sector. Even if they open up, majority of Asian countries continues to impose 14-day quarantine on all arrivals, and the prospects of a cumulative 28-day quarantine will likely discourage travel, noted UOB Kay Hian analyst K Ajith. The development of a vaccine is then critical for companies within the sector, as they are expected to be the direct beneficiary of its mass distribution. News on vaccine development is notedly positive, with the general expectation being that a working vaccine would be available by early-2021. Meanwhile, the World Health Organisation (WHO) expects mass vaccination to commence only by mid-2021. Amongst companies, SATS is expected to directly benefit thanks to Coolport@Changi, which is ISO certified and is the world’s first centre of excellence for pharmaceutical handling. This is likely to be used for critical pharmaceutical logistics and the handling of vaccines for the APAC region, according to Ajith.
Stress levels rise as COVID-19 disrupts Singaporeans' lifestyles
More than 50% said that their stress management activities were disrupted.
Majority of banks believe that AI will stop money laundering: survey
86% still believe in older rules-based technology for AML compliance.