Government

May retail sales hit all-time low; industry hoping for rebound

SINGAPORE retailers crashed to an all-time low in May, as revenue was more than halved on the year before.

Factories reopened in June, but weak global demand continues to hurt

SINGAPORE factories were set to ramp up activity in June as a two-month "circuit breaker" ended, an early sentiment gauge has suggested.

Singapore factory sentiment negative for fifth month as PMI inches up to 48.0 in June

SINGAPORE manufacturing sentiment picked up again in June as the “circuit breaker” ended, but remained in negative territory for the fifth straight month, according to data out on...

Singapore retail sales notch record 52.1% drop in May on 'circuit-breaker' fallout

SINGAPORE retail sales plummeted by a record degree in May, as the second month of the national “circuit breaker” extended the sector’s losses.

Singapore adds China to 12-country pledge to keep trade open amid virus crisis

SINGAPORE’S biggest trading partner has become the latest country joining a pledge to keep supply chains open during the novel coronavirus pandemic.

Robotics startup Botsync bags seed funding from Wong Fong, Seeds Capital

SINGAPORE-BASED robotics startup Botsync has bagged an undisclosed amount of seed funding in a round jointly led by Wong Fong Industries, Seeds Capital, Angelhub and Artesian Venture Partners.

A clarion call for firms to go digital

IF there is one bright spark from the chaos caused by the coronavirus pandemic, it's the fact that more companies in Singapore have - whether by choice or having their hand forced to some extent...

Over S$100m in extra funding for agriculture, maritime startups

STARTUPS in agriculture and maritime industries now have more than S$100 million in additional funding to tap on, with Enterprise Singapore (ESG) announcing new allocation to both sectors on...

SEEDS Capital and six partners to invest S$50m in maritime startups

ENTERPRISE Singapore investment arm SEEDS Capital, together with six appointed co-investment partners, will pump a combined S$50 million into more than 50 maritime technology startups in Singapore...

ESG sets aside over S$55m for local agriculture, aquaculture firms

ENTERPRISE Singapore (ESG) has set aside over S$55 million to accelerate the growth of promising local agriculture and aquaculture companies by "developing their innovation capabilities to grow...