Fiscal policy remains key as disinflationary pressures rise: MAS

DISINFLATIONARY pressures will broaden as the demand shock from the Covid-19 pandemic reverberates, but fiscal policy will play the main role in mitigating the crisis, the Monetary Authority of...

SME Centres help SMEs digitalise during virus downtime

ON-SITE operations have ground to a halt for most small and mid-sized enterprises (SMEs) in Singapore during the ongoing "circuit breaker", but some are seizing the extended downtime as an...

DBS expects 45,600 retrenchments in S'pore this year, slashes GDP growth to -5.7%

RETRENCHMENTS in Singapore could hit 45,600 this year with the economy in a "deep and protracted recession", as the country toils at containing the spread of the novel coronavirus with an extended...

Extended lockdown nudges Singapore towards record slump

WITH tightened lockdown measures that have been extended through to June 1, economists have pencilled in more sobering numbers that would cement the deepest recession that the Republic will ever...

Government sets aside S$100m for 4,000 traineeships for fresh grads

THE Singapore government has set aside S$100 million to support fresh graduates through a traineeship programme that now offers them more than 4,000 such opportunities.

Circuit-breaker hit to inflation raises risk of more monetary easing

SINGAPORE'S newly extended "circuit-breaker" period - involving tougher movement curbs to keep the coronavirus in check - should keep a lid on consumer prices this year.

Crude futures plunge presages more oil woes in Singapore

THE shock plunge of US crude futures into negative territory is unlikely to worsen the outlook for Singapore's oil exports and petrochemical sectors, economic watchers have said.

Firms offer cash and aid in kind as staff tighten their belts

AS the Covid-19 epidemic takes a toll on households, companies are stepping up to help their staff tide over possible cash crunches.

Enterprise Singapore to partly fund food delivery fulfilled by logistics players amid virus outbreak

ENTERPRISE Singapore (ESG) said on Thursday that it will fund part of the costs incurred by food and beverage (F&B) players when they fulfil delivery orders through third-party logistics...

85 more businesses told to close for flouting 'circuit breaker' rules; one fined S$1,000

ANOTHER 85 businesses have been ordered to cease operations for flouting the elevated safe-distancing measures over Wednesday and Thursday; one F&B establishment was fined S$1,000 after repeated...