Government

March retail sales down 13.3%; Worse dive expected for April, May

SINGAPORE'S retail sales fell 13.3 per cent year on year in March - the sharpest fall in two decades - as the Covid-19 outbreak continued to take a toll, according to Department of Statistics (...

Singapore clocks 4th straight record year for tourism arrivals and receipts in 2019

BEFORE the Covid-19 pandemic devastated international travel, Singapore had its fourth consecutive record year for tourism in 2019, with healthy growth in the fourth quarter, said a Singapore Tourism...

Singapore retail sales down 13.3% in March

SINGAPORE’S retail sales fell 13.3 per cent year on year in March – the sharpest fall in two decades – as the Covid-19 outbreak continued to take a toll, said the Department of Statistics (...

April PMI in negative territory across all segments

THE societal shutdowns adopted to contain the deadly Covid-19 are weighing on factories in the region, and Singapore has been no exception.

Singapore factory sentiment falls for straight third month to end-2008 levels

SINGAPORE'S manufacturing sentiment fell for the third straight month in April to its lowest level since November 2008, data on Monday showed, as every segment of the Purchasing Managers' Index (PMI...

Economy may be in bigger trouble than many realise

THE Singapore economy is headed for what many said will be an "unprecedented recession" this year - and watchers are warning that most people may not have grasped how tough the road to recovery...

Dire outlook for manufacturing, services over next six months

WITH the Covid-19 outbreak, manufacturing and services firms in Singapore have turned much grimmer about business conditions in the next six months, according to two separate surveys released on...

Enterprise Singapore appoints 14 new partners to nurture startups

ENTERPRISE Singapore (ESG) has added 14 new Accredited Mentor Partners (AMPs) to its Startup SG Founder scheme to groom local startups, with the appointments taking effect on May 1.

Singapore's manufacturing, services firms pessimistic about next six months amid pandemic

WITH the ongoing Covid-19 outbreak, manufacturing and services firms in Singapore have turned grimmer about business conditions in the next six months, according to two separate surveys released on...

GDP contraction to worsen in Q2 on Covid-19 impact: MAS

SINGAPORE'S gross domestic product (GDP) is likely to contract more sharply in the second quarter than in the first, given the severity of the Covid-19 pandemic abroad and strict measures at home...