covid-19

Behind-the-scenes look at President's nod to draw on reserves

SINGAPORE'S president has given "in-principle support" for the government to draw on past reserves to fund a substantial second stimulus package aimed at rescuing the novel coronavirus-battered...

Wage support may help save jobs - but not all of them

THE financial ordeal is far from over, but a fresh round of wage support could stave off the spectre of layoffs, especially for workers in sectors reeling from the Covid-19 pandemic.

Covid-19 impact pushes Singapore's 2020 GDP forecast into negative turf

SINGAPORE's official growth forecast has hit negative territory for the first time in nearly a decade. This comes as the Republic braces itself for what is likely the worst economic contraction...

Businesses get help with cash flow but SMEs want banks to do more

BUSINESSES will get a further shot in the arm to ease cash flow pressure amid the Covid-19 pandemic, but some small and medium-sized enterprises (SMEs) remain concerned that they will not get...

MAS to boost USD liquidity with auctions of dollars from Fed swap facility

AMID broadening concerns over a record surge in the greenback, the Monetary Authority of Singapore (MAS) will move to lend US dollars (USD) obtained from the US Federal Reserve to banks in...

Malls ordered to stop large group activities, implement crowd control

FROM this Friday until the end of April, malls and standalone stores - the like of furniture chains Ikea and Courts - will have to abide by stringent safe-distancing measures, which include...

Hard hit aviation, tourism sectors get biggest help in wage subsidies

THE battered services and labour-intensive sectors plus supermarket and F&B operators on the Singapore bourse got a much-needed boost amid the dark clouds of Covid-19 from the government's "...

Neutral impact for Reit landlords if they pass on savings: analysts

THE increase in property tax rebates, part of the Resilience Budget, is intended to help defray tenants' operating costs. The impact on the retail, office and industrial Reits, if they pass on...

Deep value has yet to emerge in Singapore equities: OCBC

SINGAPORE equities are trading at attractive valuations following a Covid-19 induced market sell-off but deep value has yet to emerge, head of OCBC Investment Research Carmen Lee said.

SPH, SPH Reit directors, senior management take pay cuts

SINGAPORE Press Holdings (SPH) announced on Thursday that its board members will take a voluntary 10 per cent reduction in directors' fees, and the salary of those in senior management will be cut...