Most businesses could reopen before end-June if Covid-19 cases stay low
IF NEW Covid-19 cases continue to stay low, retail shops, consumer services, and venues such as sports facilities, stadiums, and swimming pools could reopen before the end of June, along with the lifting of a ban on dining in at food and beverage (F&B) outlets and social gatherings.
Phase two post-circuit breaker could happen before end of June
PHASE two of Singapore’s three-phased approach to resume activities safely, post-circuit breaker, could happen before the end of June, said the Multi-Ministry Taskforce on the novel coronavirus on Thursday.
S$800m more put aside as aid for individuals
The government is setting aside an additional S$800 million for the Covid-19 Support Grant, which covers those who have lost their jobs, are placed on no-pay leave, or will have to bear significant cuts to their salaries in the coming months.
Covid-19 to accelerate shifts in global supply chains but Singapore can still play to strengths
THE COVID-19 pandemic will accelerate shifts in global supply chains; and while there is no telling how supply chains will eventually be reconfigured, it is likely that they will be relocated nearer to final demand markets, said Minister for Trade and Industry (MTI) Chan Chun Sing.
Covid-19 to accelerate shifts in global supply chains: Chan Chun Sing
THE Covid-19 pandemic will accelerate shifts in global supply chains and while there is no telling how supply chains will eventually be reconfigured, it is likely that they will be relocated nearer to final demand markets to ensure greater resilience against future supply disruptions, said...
Property consultants point to snags in fair tenancy framework recommendations
THE proposals suggested by the Fair Tenancy Framework Industry Committee (FTFIC) might face some road bumps, as property consultants point to potential snags in the list of recommendations.
Pushing the envelope
EVEN as e-commerce has largely been a boon for consumers, offering options and convenience previously unimaginable, it has disrupted many industries. Brick-and-mortar retail most notably, but also logistics.
Lobby group wants laws for a fair tenancy commission, data sharing
THE Fair Tenancy Framework Industry Committee (FTFIC) has proposed the setting up of a Fair Tenancy Commission (FTC) and a more equitable sharing of information and costs between tenants and landlords, among a list of recommendations that it hopes can be legislated.
Fair Tenancy Framework industry panel offers 15 recommendations to level retail playing field
THE Fair Tenancy Framework Industry Committee (FTFIC) has put forward a position paper listing 15 key recommendations to the Ministry of Law and the Ministry of Trade and Industry.
Singapore refineries starting to cut output amid pandemic pains
REFINERIES in Singapore have started to cut output and bring forward maintenance shutdowns amid plunging demand as the world remains mired in the Covid-19 pandemic and volatility grips the oil market.
Retail, F&B players in Singapore to push for fair tenancy legislation
INDUSTRY stakeholders from the battered retail and F&B sectors will be pushing for the adoption of landlord-tenant legislation in Singapore, when it unveils its list of recommendations on May 21.
Asean economies should tackle structural issues during Covid-19 slump
WHILE Covid-19 has put a pause on investment activities in the region, there are a number of structural issues that Asean economies can and should tackle even as they grapple with the virus fallout.
Covid-19's impact felt on Malaysia's export figures
THE novel coronavirus is starting to make itself felt in Malaysia's export figures, even as exports drag is likely to intensify in Q2, say Citi economists Kit Wei Zheng and Ang Kai Wei.
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.
Singapore adapts to electronics trade shifts by focusing on high value-added activities
DESPITE shifts in electronics trade flows, Singapore has adapted by focusing on high value-added activities in the global supply chain, helping to cement its position as a trade hub.
Singapore's focus on high value-added activities cements position as trade hub
DESPITE shifts in electronics trade flows, Singapore has adapted to the shifts with a focus on high value-added activities in the global supply chain, helping cement its position as a trade hub.
Extended circuit breaker deals fresh blow to reeling businesses
EVEN as food and beverage (F&B) establishments and retailers are still reeling from the impact of the circuit breaker, Tuesday's announcement that there will be cuts to businesses that currently qualify as "essential services" further tightened the noose around an already beleaguered group...
Hitachi Vantara launches new virtual storage platform for midsize enterprises
Hitachi Vantara, a wholly owned subsidiary of Hitachi, said it expects its mid-range models to experience double-digit growth in ASEAN, as it launched a new storage platform for midsize enterprise customers.
List of essential services to be cut back to curb worker commute
THE multi-ministry taskforce tackling the Covid-19 outbreak is looking to reduce the number of services considered essential in a bid to further minimise movement and keep people at home.
Freight rates soar as cargo capacity shrinks amid Covid-19 crisis
SKYROCKETING air freights and a jump in blank sailings, where a carrier cancels a particular sailing, are piling the pressure on global supply chains, leaving businesses on tenterhooks.
F&B sector hit hard by virus-led smackdown
AS global supply chains feel the strain of higher air freights and a spike in blank sailings, the effects are particularly acute in the food and beverage industry, exacerbated further by widespread lockdowns and rising protectionist measures.
Exposure to coronavirus disruption low for majority of APAC infrastructure companies
Of the nearly 200 rated infrastructure issuers in Asia-Pacific, 68 per cent have low exposure to disruption from the coronavirus, 23 per cent have moderate exposure, and 9 per cent have high exposure said Moody's Investors Service in a sector comment released on Thursday.
Structural transformations more important than ever for ASEAN: AMRO
ASEAN+3 growth is expected to reduce sharply to 2 per cent in 2020, followed by a strong rebound to 5.5 per cent in 2021, said ASEAN+3 Macroeconomic Research Office (AMRO) on Tuesday, with the launch of its annual flagship report.
S$600 one-off payout for all adult Singaporeans
ALL adult Singaporeans will receive a one-off Solidarity Payment of S$600 in cash, said Deputy Prime Minister Heng Swee Keat on Monday, even as he urged those who do not need the cash to donate it to charities or directly share it with others.
Stronger coordination, skills and transparency needed to elevate sustainable projects in Asean: SIIA
Southeast Asia needs stronger coordination, skills and transparency in elevating sustainable projects to investors, said a report on financing sustainable infrastructure in ASEAN which was published by the Singapore Institute of International Affairs (SIIA).