Singapore

ATMs and cheque-deposit facilities will remain open.

Demand surges as people begin working from home amidst the lockdown. Singapore has sufficient telecommunications capacity to cope with the increase in demand, according to the Infocomm Media Development Authority (IMDA). Nine in 10 Singapore households have fibre networks in their homes, and IMDA assured that the city-state’s fixed and mobile networks will have the bandwidth to cope with the demand, as network traffic has seen quite a surge since the start of the COVID-19 crisis The surge in demand for home fibre broadband or mobile network services comes as most people start to work from home. Schools and higher learning institutes have shifted to home-based learning, whilst preschools and student-care centres remain closed.  

This followed directives for most businesses to cease operations.

F&B outlets will no longer be allowed to provide dine-in services.

Delayed payments made up 45.8% of all transactions during the quarter.

Industries selling discretionary items were affected by a decline in tourist arrivals.

Faster contractions in finished goods, imports, input prices, and order backlog dragged it down.

Developers are likely to be unfazed by the pandemic.

Delinquencies are sighted to rise from SMEs, large corporates, and retail customers.

It still remained the top foreign homebuyer in the region after China.

Singtel led the gains amongst top active stocks with a 3.97% jump.

And jail and fines were imposed for employers who refuse work from home.

The improvement came from 98.9% occupancy rate in their assets.

The #go2gether campaign offers up to 50% coverage against death and critical illness.

The bank also launched relief measures to support its clients.

All principal and interest on all term loans have been automatically deferred.