Recession possible amid Covid-19 outbreak, says PM Lee

WITH the Covid-19 outbreak taking an economic toll, Prime Minister Lee Hsien Loong is not ruling out the possibility of a recession here. Asked about its likelihood, he said: "I cannot say whether...

Covid-19's impact on Singapore economy already exceeds Sars, recession possible: PM Lee

THE impact from the novel coronavirus outbreak on Singapore's economy has already exceeded that of Sars (severe acute respiratory syndrome) back in 2003, Prime Minister Lee Hsien Loong said on...

Virus outbreak to buffet retail further after 2.8% fall in 2019

SINGAPORE retail sales are expected to be weak this year amid novel coronavirus pressures, following a 2.8 per cent fall in 2019, which was the steepest decline in six years.

Businesses look to targeted help measures in Budget

COMING out of 2019's slowdown, companies here have been looking to the upcoming Budget for support - a hope that has intensified as the Covid-19 outbreak threatens to hammer the Singapore economy...

Singapore retail takings fall 3.4% in December with drop in motor vehicle sales

SINGAPORE retail sales ended 2019 on a weak note, down 3.4 per cent year on year in December as motor vehicle sales plummeted, according to data from the Department of Statistics on Wednesday.

Are Singapore's foreign labour source markets diversified enough?

THE global spread of the novel coronavirus has revived concern over Singapore's economic reliance on rank-and-file workers from overseas - including from mainland China, where the respiratory...

Manufacturers' group says delayed return of China workers affect 1-in-10 staff

SINGAPORE manufacturers have been hit harder than other industries by the sudden shortfall of mainland Chinese rank-and-file workers here, The Business Times (BT) has learnt.

Construction workers' leave of absence raises fears of project delays

CONSTRUCTION players are bracing themselves for possible missed deadlines, with some workers stuck in mainland China or away from work and the epidemic shaping up to be a force majeure event.

Singapore electronics mood brightens in Jan, but supply chain break looms

SINGAPORE'S electronics sentiment entered positive territory in January for the first time in 14 months alongside positive manufacturing sentiment, thanks to a US-China trade truce, but economists...

A game changer for Singapore's climate policies?

AS CLIMATE change increasingly occupies public discourse in Singapore, observers are expecting it to feature more strongly in Budget 2020, alongside the government's priorities in business...

Wuhan virus could score a point - off Singapore's economic growth

SINGAPORE'S economy, which is still in a fitful recovery from the trade war, could lose up to one percentage point of growth to the Wuhan virus, economic watchers are now warning.