Government

Non-resident deposits in Singapore jump 44% to record S$62b in April

SINGAPORE saw a record jump in deposits in April as investors rushed to park funds here given its status as a safe haven amidst global market volatility, said analysts.

Singapore secured S$13b in investment commitments in Jan-Apr 2020; exceeds EDB projection

SINGAPORE secured S$13 billion in investment commitments from January to April this year, already exceeding the Singapore Economic Development Board's (EDB) full-year projection of S$8 billion to S$...

Govt to help firms change business models for Covid-19 world: Chan Chun Sing

WITH no return to a pre-Covid world and no quick transition to a post-Covid one, Singapore "must learn to live and make a living in the Covid world", said Minister for Trade and Industry Chan Chun...

Singapore rates unlikely to stay negative, but may remain low till 2021

SINGAPORE'S one-month Swap Offer Rate (SOR) fell briefly below zero last Wednesday for the first time since 2011, raising the spectre that the Republic could be following in the footsteps of other...

Singapore services receipts down 1.1% in Q1

SINGAPORE'S services sector saw receipts fall 1.1 per cent year on year in the first quarter of 2020, in a reversal from the previous quarter's 4.5 per cent growth, according to a Department of...

Singapore's financial position weaker in coming years: Heng

WITH almost S$100 billion set aside to combat Covid-19, Singapore's financial position will be "a lot weaker" in the coming years, and it will need to find ways to manage this "difficult financial...

Singapore services sector takings fall 1.1% in Q1

SINGAPORE'S services sector saw receipts fall 1.1 per cent year on year in the first quarter of 2020, in a reversal from the previous quarter's 4.5 per cent growth, according to a Department of...

Factory output up 13% in April, biomedical manufacturing doubles

SINGAPORE'S manufacturing output in April increased for a second consecutive month on a surge in biomedical manufacturing amid the Covid-19 crisis, preliminary figures from the Economic...

Singapore's headline inflation turns negative in April

LOWER oil prices, the softening labour market and deteriorating consumer demand are likely to keep a cap on domestic prices, said economists following official inflation data released on Tuesday...

Covid-19 to accelerate shifts in global supply chains: Chan Chun Sing

THE Covid-19 pandemic will accelerate shifts in global supply chains and while there is no telling how supply chains will eventually be reconfigured, it is likely that they will be relocated nearer...