Singapore firms keen to expand international trade amid pessimistic outlook: survey

SINGAPORE firms are keen on expanding international trade compared to their global peers, despite having a more pessimistic outlook on business arising from the impact of Covid-19, according to...

Vietnam is top pick for businesses going overseas

VIETNAM is drawing record numbers of Singapore businesses as companies continue to look for expansion opportunities despite Covid-19.

Services sector sees reprieve in Q3, but revenue 9.5% lower than last year

SINGAPORE'S services sector saw a 9.5 per cent year on year decline in revenue in the third quarter of 2020, although receipts improved on a quarterly basis compared to Q2, according to the...

Clean energy pivot will yield green jobs, but time needed to fill them

OIL majors are cutting jobs in traditional business segments as they move to cleaner energy, and their downstream suppliers will follow suit.

Singapore's 2019 income gap improves, but could widen in 2020 due to Covid-19

ALTHOUGH Singapore's Gini coefficient, a measure of income inequality, dipped below 0.4 for the first time in at least a decade in 2019, economists caution that the income gap could again widen...

Foreigners still needed in clean energy manual roles

EVEN with a change in the energy sector's skill needs and job scopes, the reliance on foreign workers to fill low-wage, manual roles is unlikely to change in the near term.

Wider shared framework will cut quarantine

MORE countries should put in place a shared framework for safe travel amid the Covid-19 pandemic, Minister for Trade and Industry Chan Chun Sing said on Wednesday.

SingapoRediscovers vouchers can help make domestic tourism a habit

THE year-end festive season and school holidays usually see an exodus of well-travelled Singaporeans flying off to spend their holidays - and money - abroad. With the Covid-19 pandemic having...

More business travel on the cards: Chan Chun Sing

SINGAPORE now has the resources to reopen its borders further, Trade and Industry Minister Chan Chun Sing said on Monday, outlining plans for more travel.

Enterprise Singapore upgrades 2020 forecast for trade, non-oil domestic exports

SINGAPORE'S authorities on Monday upgraded their full-year projection for total merchandise trade and non-oil domestic exports (NODX), as the Republic's third-quarter total merchandise trade...

Singapore GDP forecast to contract 6-6.5% for 2020; rebound expected next year: MTI

SINGAPORE'S official economic outlook has been cut again, as the gross domestic product (GDP) print for the third quarter was revised upwards by less than expected.