circuit breaker measures

iFast posts record net profit with 150% y-o-y growth in 3Q20 - THE EDGE SINGAPORE


iFast posts record net profit with 150% y-o-y growth in 3Q20

Digital bank hopeful iFast notes that 3Q20 profit growth was substantially higher than the growth in revenue.

Singapore economy

Singapore's retail sales remains in the red in first full month after circuit breaker

Singapore’s retail sales continued to slide in July – the first full month that in-store shopping and dining in at restaurants were permitted after their shutdown during the “circuit breaker” in the second quarter.

Singapore economy

Retail sales contraction narrows to 27.8% on Singapore's phase two reopening

Takings of Singapore’s retailers continued to slide in June despite the earlier than expected phase two measures on June 19 which permitted in-store shopping and dining in at restaurants.


Sembmarine plunges into wider 1H20 net loss of $192 mil amid Covid-19

The disappointing set of results was largely due to the shutdown of production activities at all the company’s Singapore yards since April, owing to the implementation of the circuit breaker measures.

Singapore economy

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

Singapore’s total retail sales value deepened its plummet by 52.1% year-on-year in May, due to the ‘circuit breaker’ measures.

Singapore economy

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

Economists expect Singapore’s manufacturing to weaken in the coming months, following the plunge in May’s factory output numbers.

In print this week

Conscious decoupling

For the last half decade or so, Sembcorp Marine (Sembmarine) has been hit by declining revenue and several annual losses amid a severe slump in the oil industry. As a result, the consolidation of its weak performance has been a drag o


Google's coronavirus mobility report shows gradual return to workplaces since reopening after circuit breaker measures

According to Google’s Covid-19 Community Mobility Reports, the number of people who went back to work on June 2 rose by 15%, while those who remained home, dipped by 7%.

Singapore economy

Retail sales makes history with 40.5% decline in April following 'circuit breaker' measures

The 40.5% drop in April’s retail sales value marks the largest decline in the metric since its adoption in 1986

Broker's Calls

Industrial REITs to be the fastest to recover post Covid-19 on healthy operational metrics, government assistance: DBS

"We believe the manufacturing sector will be the fastest to recover post Covid-19, riding on the back of a recover in the global economies from 2021 onwards," says DBS Group Research analyst Derek Tan.