'Circuit breaker' a culprit as Singapore factory output posts 7.4% drop in May

SINGAPORE'S factory output snapped a two-month winning streak in May to slide unexpectedly into negative territory, with the novel coronavirus pandemic largely fingered as the culprit.

Industry road maps see a rejig, but tech, resilience remain core

WHILE the Covid-19 pandemic prompted a "rejig" in Singapore's industry standards road map, technology and resilience will still be core to a new five-year plan, policymakers here told the press on...

Singapore Standards Council to set benchmarks in emerging areas for post-Covid economy

SINGAPORE will work on new industry yardsticks to help companies do business in the post-coronavirus economy, Enterprise Singapore (ESG) and the Singapore Standards Council (SSC) said in an update on...

May consumer inflation negative again amid Covid-19 curbs

THE deflation in key consumer prices persisted in May, as the novel coronavirus pandemic kept all costs subdued except for food items.

Singapore, other stakeholders reaffirm plans to sign mega-trade deal this year

SINGAPORE and other stakeholders have reiterated that they plan to sign the Regional Comprehensive Economic Partnership (RCEP) mega-trade deal this year, even as the deadly novel coronavirus...

Singapore core inflation stays negative for fourth month in May at -0.2%

KEY consumer prices in Singapore continued to fall year on year in May, as core inflation stayed negative for the fourth straight month, according to data released on Tuesday.

Over 7,600 businesses loaned about S$7.1 billion

MORE than 7,600 businesses in Singapore borrowed about S$7.1 billion from government-assisted schemes over the past few months, with most of the loan applications coming from the wholesale trade,...

Over 500 SMEs gain digital access to new markets overseas

DESPITE the Covid-19 pandemic, more than 500 small and medium-sized enterprises (SMEs) in Singapore were able to access new markets overseas through e-commerce platforms under the Grow Digital...

Singapore's actions in next five to 10 years will chart nation's course 'for decades to come': DPM Heng

Singapore needs a stronger economy, one that is dynamic and inclusive, resilient and innovative, and connected to new global nodes in Asia and the world.

Reopening may slow but not reverse retail decline: economists

WHILE retail sales in June and July will get a boost from pent-up demand flooding back into now-open shops, Singapore may not see the dramatic "revenge spending" sprees that made headlines in...