Singapore
3 in 4 firms seek a second support package
Defraying wage costs and tax rebates were the most sought-out subsidies.
3 in 4 firms seek a second support package
Defraying wage costs and tax rebates were the most sought-out subsidies.
Tiong Seng bags $227.5m contract to build Tan Quee Lan apartment
The two 30-storey apartment blocks will house over 500 units.
MOH limits entry of work pass holders for needed services
It has shut entry of short-term visitors partly to conserve resources.
SIA cuts 96% of capacity until end-April
It saw a fall in passenger revenue as demand for air travel collapsed.
COVID-19 pandemic to hit economy harder than SARS
Singapore’s GDP might drop as steeply as 2% YoY in the first half of the year.
Chart of the Day: Local buyers account for 78% of home deals in 2019
About 78% of transactions were those with known resident status.
Why your firms' internal processes may determine the business impact of COVID-19
The COVID-19 viral disease is officially a pandemic now. As of 15 March, there are over 153,000 confirmed cases globally according to World Health Organisation, with 121 active cases in Singapore according to the Singapore Ministry of Health.
Daily Markets Briefing: STI up 4.32%
SGX led the gains amongst top active stocks with a 7.57% expansion.
Daily Briefing: MAS launches $86.6b swap facility with US Fed; Singapore, New Zealand to maintain open supply chains amidst virus outbreak
And Scoot has temporarily suspended flights to 49 destinations.
Charging Ahead on the Road to Zero Emissions
The Singapore transport sector, more than any sector, contributes a significant amount of greenhouse gas emissions. As such, it’s no surprise that encouraging more people to switch to electric vehicles (EVs) is at the heart of the government's efforts to tackle climate change. Just last month, Singapore announced its ambitious targets for 2040 with a plan to phase out internal combustion engine (ICE) vehicles, paving the way for greater adoption of hybrids and EV’s that run on cleaner energy.
Singapore's advertisers must look to in-app amidst decline of cookies
It’s been notable that Google’s elimination of third-party cookies in Chrome is not negatively impacting all adtech companies equally. Whilst Google’s announcement in January did see some adtech stocks fall, it has by no means been market-wide.
Singapore SMEs' plight adds to banks' woes
NPL ratio will reach almost 2% YoY for the whole year, the highest since 2009.
Chart of the Day: Condos with $1-1.5m price tags ruled sales in 2019
The units accounted for 38% to 47% of sales for the year.
Daily Markets Briefing: STI down 4.73%
OCBC Bank saw the sharpest decline amongst top active stocks with a 4.83% contraction.
Singapore unveils transition roadmap for new interest rate benchmark
SORA will replace the current key benchmark by end-2021.
BreadTalk seeks approval to waive breach of $100m notes
It would like to change the Consolidated Tangible Net Worth covenant to not less than $50m.
MAS fines accounting firm for anti-money laundering lapses
The firm failed to vet transactions at risk for money laundering and terrorism financing.
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