Wuhan virus

Budget 2020

Singapore plans biggest budget deficit in more than two decades

Election budget, coronavirus budget -- or both?

Investing ideas

Diversification, productivity improvements to help SATS weather the Covid-19 storm

Although SATS's 4QFY2020 earnings are likely to fall by a “larger degree, analysts choose to remain optimistic on a possible comeback after virus fears ease.


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 the deadly virus.


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

“I think things will get worse before they get better," says Yang Ban Seng, ComfortDelGro's managing director and group CEO.


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 drawn Western investors to the region.


Hi-P's 4Q earnings halved to $22.4 mil amid price pressure, lower sales volume

Hi-P also announced its profit guidance for FY2020. On a y-o-y basis of comparison, the group expects to book a lower revenue and profit for 1HFY2020 c but a higher revenue and lower profit for FY2020.

Aviation & Engineering

Empty booths and gloom shroud virus-hit Singapore Airshow

taken away. The show was deserted even before the scheduled 6 pm close, a far cry from previous years when organizers would plead with attendees and reporters to leave.


Xi vows China will meet economic, social goals and defeat virus

The call came as Federal Reserve Chairman Jerome Powell told lawmakers that the U.S. central bank was closely watching the fallout from the outbreak and singled it out among the risks threatening the American and world economies.


All eyes on Singapore's virus Budget

The new goal should be to ensure that Singaporeans don’t blame the PAP for not doing enough to shelter their lives and livelihoods.


Visitor arrivals to Singapore expected to drop as much as 30% due to coronavirus outbreak

The government is in the process of forming a public-private sector Tourism Recovery Action Task Force (TRAC) to lay out the plans of recovery and future growth for the overall tourism sector.