Government

Budget 2020: S$2.4b to help firms defray wage costs

THE government will help companies defray their wage costs through two schemes under a S$4 billion Stabilisation and Support Package unveiled by Deputy Prime Minister and Finance Minister Heng...

Budget 2020: Government to pump S$6.4b into virus support measures

SINGAPORE will set aside a total of S$6.4 billion for measures in view of the novel coronavirus (Covid-19) outbreak, Deputy Prime Minister and Finance Minister Heng Swee Keat said at the start of...

Singapore cuts 2020 growth forecast amid virus outbreak

SINGAPORE'S official growth forecast for 2020 has been downgraded, with authorities bracing for the possibility of a contraction should the novel coronavirus outbreak be more severe than...

Virus outbreak derails Singapore exporters' hopes of recovery

SINGAPORE'S manufacturers and exporters had seemed poised for recovery as global trade sentiments improved in late 2019, but are now facing prolonged agony in the near term.

Construction, infocomm to drive 2020 growth amid Covid-19 virus impact

WITH the once-expected manufacturing recovery in 2020 now jeopardised by the Covid-19 outbreak, Singapore is counting on sectors such as construction, and information and communications, said the...

Unit business cost rising for services; easing for manufacturing

SINCE 2014, unit business costs have fallen for manufacturing but risen in services, due partly to different unit labour cost (ULC) trends.

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...