Tag: Singapores
Written by Gabriel HerveyMarch 19, 2020
‘Broad support’ for Singapore’s plan for new interest rate benchmark: Committee
News Business Article
SINGAPORE: Singapore’s plans to adopt a new interest rate benchmark called the Singapore Overnight Rate Average (SORA) has received “broad support”, a steering committee overseeing the change said in an update on Thursday (Mar 19), as it laid out key initiatives ahead. It was announced in August last year that Singapore would transition from the use
Written by Gabriel HerveyMarch 18, 2020
‘Sufficient flexibility and buffer’ in Singapore’s capacity to care for COVID-19 patients: Gan Kim Yong
News Business Article
SINGAPORE: Singapore’s healthcare system has “sufficient flexibility and buffer” to manage the expected increase in confirmed COVID-19 cases in the coming weeks, said Health Minister Gan Kim Yong on Wednesday (Mar 18), who also said that the outbreak could last beyond the year. “I would say there is sufficient flexibility and buffer to allow us
Written by Gabriel HerveyMarch 17, 2020
Singapore’s exports fall 4.8% month-on-month in February
News Business Article
SINGAPORE: Singapore’s non-oil domestic exports (NODX) fell 4.8 per cent on a seasonally adjusted month-on-month basis in February, reversing the previous month’s 4.5 per cent growth. Non-electronic domestic exports declined, while electronics grew, according to official data released Tuesday (Mar 17). Advertisement Advertisement Total trade declined over the month, falling by 8.6 per cent in
Written by Gabriel HerveyMarch 15, 2020
Commentary: COVID-19 emphasises the importance of Singapore’s free trade agreements
News Business Article
SINGAPORE: During the Ministry of Trade and Industry’s (MTI) Committee of Supply debate, Minister Chan Chun Sing said that Singapore will expand its network of free trade agreements (FTAs), so as to not “overly rely on any one particular market”. Meanwhile, the COVID-19 outbreak is making headlines, and has had knock-on effects on economies worldwide.
Written by Gabriel HerveyMarch 13, 2020
‘Drop everything, scramble’: Singapore’s contact trackers fight COVID-19
News Business Article
SINGAPORE: After a coronavirus outbreak began to disrupt lives and activity in Singapore late in January, Conceicao Edwin Philip keeps himself ready to rush to hospital at a moment’s notice, if summoned. Philip is not a doctor or nurse, but his work, using a telephone to question patients separated from him by two glass walls,
Written by Gabriel HerveyMarch 13, 2020
Plan to expand bicycle paths welcomed, but more needed to encourage Singapore’s cycling vision
News Business Article
SINGAPORE: Even as Singapore moves to expedite the expansion of its bicycle path network, more can be done to encourage cycling as a mode of transport here, said observers. Last Thursday (Mar 5) during the Transport Ministry’s Committee of Supply debate it was announced that the country’s cycling paths would be doubled to 800km by 2023,
Written by Gabriel HerveyMarch 11, 2020
Singapore’s 2020 growth forecast lowered to 0.6%: MAS survey
News Business Article
SINGAPORE: The Singapore economy is expected to grow 0.6 per cent this year, according to economists and analysts polled in a survey by the Monetary Authority of Singapore (MAS) released on Wednesday (Mar 11). This is a sharp drop from the 1.5 per cent growth expected by economists in the previous survey. Advertisement Advertisement The
Written by Gabriel HerveyMarch 9, 2020
Singapore’s fish balls could get unhealthier in the near future
News Business Article
SINGAPORE and MEKONG DELTA: Fish balls are not only a staple in Singapore’s hawker landscape, they are also one of Singaporeans’ two most favourite processed foods, according to the first study of its kind here. Nearly 8,000 Singaporeans ranked fish balls alongside chicken nuggets in the survey of ultra-processed foods conducted by the Singapore Management
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Commentary: COVID-19, the biggest crisis ever for Singapore’s aviation industry and Singapore Airlines
SINGAPORE: International travel is grinding to a virtual halt as the COVID-19 outbreak prompts a fast-growing list of countries to impose travel restrictions. Most international flights could be suspended for at least several weeks, creating an unprecedented crisis for the global airline industry. Advertisement Advertisement Asia’s airline industry has already been dealing with the COVID-19