economy

Oil-related industries face challenging times, say analysts

WITH a drop in oil demand expected to get worse in Q2, oil-related segments of the economy are in for a challenging environment, as outlined by policy makers recently.

The post-Covid new world order

WHO would have thought that an unknown virus would be the Black Swan of 2020 that will redefine how we work, play and interact once this global health crisis abates?

New support package must match latest tough measures

ON FRIDAY afternoon, Prime Minister Lee Hsien Loong effectively put the nation on notice that significantly stricter measures will kick in next Tuesday when most of Singapore's workforce will need...

Singapore artists grapple with virus fallout

THE Covid-19 fallout continues to ravage the Singapore arts industry in unprecedented ways. Its latest casualty is the Singapore International Festival of Arts (SIFA), which has been called off by...

Covid-19 will reshape economic thinking, create big buying opportunity

TWO months ago, when people were still referring to Covid-19 as "the China virus", global markets seemed ambivalent about the depth and duration of any economic slump that lay ahead. The initial...

Citibank analyst flags 'unstoppable' trends of 2020

CYBERSECURITY, fintech and the future of energy are the three "unstoppable" trends of 2020, according to a Citibank analyst posting a bullish investment outlook on these sectors, amid rising cyber...

Asean growth “should improve” in 2020: HSBC

Asean should see further growth in 2020, thanks to a surge in public infrastructure spending and a relatively stable private consumption, though enacting key reforms this year is critical to boosting...

Singapore retail sales fall for 7th straight month in August

SINGAPORE'S retail sales have fallen for the seventh consecutive month in August, compared to a year ago, on the back of poor motor vehicle sales.

Expect a '3 plus and minus 5%' model of future growth

INSTEAD of the "5 plus and minus 1" per cent growth of yesteryear, Singapore's economy will likely enter a phase of "3 plus and minus 5" per cent growth, arising from technological disruption and...

Think there's been a productivity boom? Think again

LET'S travel back in time to 1995. Most Americans still remembered the calamitous inflation of the late 1970s (prices rose 13 per cent in 1979). Many federal benefits, including Social Security,...

Singapore's big businesses overtake small firms as job creators

[SINGAPORE] Singapore's larger companies created more jobs last year than small and medium-sized businesses for the first time since 2013 as the economy struggled in the face of sluggish domestic...