Novel Coronavirus


Covid-19 cases must ease before economy restarts, PM Lee says

(May 1): Singapore can only relax its partial lockdown measures and progressively restart its economy after the city-state brings down the number of new coronavirus cases, according to Prime Minist


Israel moves to find cure for coronavirus

JERUSALEM (Feb 20): Over 23,000 people from 180 countries arrived at Jerusalem last week for what was supposedly the largest tech startup conference in the world.


Mistrust grows as numbers fall after China again changes the way new cases are counted

(Feb 20): The number of new coronavirus cases reported by Hubei province dropped sharply after China changed the way it officially reports the number of infections for the second time in a month, r


Valuetronics expects lower revenue for 2H20 as coronavirus outbreak impacts China operations

SINGAPORE (Feb 19): Valuetronics Holdings says control measures implemented at its China factories to curb the spread of the COVID-19 coronavirus outbreak could result in a drop in its revenue for

Budget 2020

Singapore plans biggest budget deficit in more than two decades

(Feb 19): Singapore will post its biggest budget deficit since at least 1997, pledging S$6.4 billion in dedicated support for an economy being slammed by the coronavirus outbreak.


Singapore Airlines slashes flights as coronavirus sparks 'significant' challenges

(Feb 18): Singapore Airlines will cut more flights across its global network through May as the outbreak of the novel coronavirus discourages people from traveling.


Contagion fears grow as cruise passengers return home

(Feb 17): More than 3,000 travellers on two coronavirus-stricken Carnival Corp cruise ships are returning home, fanning out to more than 40 countries and fuelling fears of further contagion from th


ComfortDelGro posts 12.6% drop in FY19 earnings to $265.1 mil as taxi business continues to slide

SINGAPORE (Feb 14): Land transport operator ComfortDelGro Corporation saw its earnings fall 12.6% to $265.1 million for FY2019 ended December, from $303.3 million a year ago.


Coronavirus woes hits Asia-based hedge funds as investors stay away

(Feb 14): Asia-based hedge funds are bracing for a lean quarter of capital raising as the spread of the coronavirus leads to the postponement and cancellation of key events that have historically d

Corporate moves

Zhongmin Baihui sees growth in outlet malls; coronavirus outbreak impact yet to be felt

SINGAPORE (Feb 14): Online shopping is booming in Asia, but brick and mortar retail isn’t going away anytime soon.

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