Singapore economy

Singapore economy

Double-digit contraction expected for Singapore's 2Q20 GDP: UOB

SINGAPORE (July 9): United Overseas Bank (UOB) is calling a 10.5% year-on-year contraction for Singapore’s 2Q20 Gross Domestic Product (GDP).

Singapore economy

SGX securities market turnover for June surge 74% y-o-y on reopening of major economies

SINGAPORE (July 8): The month of June saw total securities market turnover of $38.02 billion over 22 trading days, according to Singapore Exchange (SGX)’s monthly market statistics report.

Singapore economy

Bond defaults expected to rise globally, REITs expected to be weaker in 2H20, says OCBC in mid-year credit outlook

SINGAPORE (July 8): In 1H20, total issuances in the bond market fell to 39 issues and an issuance amount of $8.3 billion, compared to the 56 issues and record issuance amount of $15.4 billion in 1H

Singapore economy

Why the coronavirus pandemic is proving to be the ultimate test for Singapore

(July 8): The pandemic is proving the ultimate test for Singapore, the tiny city-state that has a reputation of reinventing itself during times of crises.

Singapore economy

Manufacturing activity continues decline for fifth month in June, but sees pickup from May

SINGAPORE (July 3): Factory output around the world is seeing some improvement as lockdowns and movement control restrictions are eased. And Singapore is no exception. 

Singapore economy

Retail sales continues decline with historic 52.1% plunge in May due to 'circuit breaker' measures

SINGAPORE (July 3): Singapore’s total retail sales value deepened its plummet by 52.1% year-on-year in May, due to the ‘circuit breaker’ measures which restricted the operations of non-essential se

Singapore economy

Hotel stays, recreation areas for children may resume upon hotels' successful applications: STB

SINGAPORE (July 3): The Singapore Tourism Board (STB) says that it has drawn up safe management measures (SMMs) with the Ministry of Trade and Industry (MTI), Enterprise Singapore (ESG), and the Mi

Singapore economy

Mandate for Singapore post-elections may bode well for nascent rebound for stock market

(July 3): A new mandate to govern Singapore during the pandemic can bode well for the nascent rebound in the nation’s US$383 billion ($533.83 billion) stock market.

Singapore economy

Economists mixed on prospects of manufacturing; estimate job losses to hit 150,000 in 2020

SINGAPORE (June 29): Economists expect Singapore’s manufacturing to weaken in the coming months, following the plunge in May’s factory output numbers.

Singapore economy

Singapore's factory output falls into the red after two months of outstanding growth

SINGAPORE (June 26): Singapore’s factory output snapped out of the green with a 7.4% year-on-year contraction in May, following a broad-based contraction in almost all clusters.

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