Singapore’s trade-reliant economy, already in recession, is facing its worst contraction on record this year, about 5% to 7%, according to official estimates.
As work-from-home remains the default, expats realize they don’t need to be in Singapore to do their jobs & many are now wondering whether uprooting their families has been worth it.
With asset values still seen as inflated, investors are waiting for a potential second downturn after stimulus measures end but before mass vaccinations enable economies to restart.
Revelations are based on a leaked trove of documents which detail more than $2 trillion in transactions between 1999-2017, flagged as possible money laundering or criminal activity.
New infections continue to be detected in foreign-worker dorms, which had previously been declared Covid-free, and there have been delays in routine virus testing completed.
Although it doesn't need new capital and its population isn't open to an influx of overseas professionals, Singapore will be relieved with the promise of jobs and a boost to business.
Under LumiHealth scheme, Singapore residents who use Apple Watch will be able to earn around S$380 in rewards & vouchers by completing goals & tasks set within an iPhone app.
In countries like Singapore and Malaysia, the state is an integral component of wage-setting and often the arbiter over who gets hired and fired in companies.
Trump’s OBBB is framed to augment domestic semiconductor production and enhance trade protection, even at the expense of certain social programs such as Medicaid, food stamps, and student loans, as well as a projected ballooning federal deficit from US$2.8 to 3.3 trillion
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Under joint venture, JSW Sarbloh Motors will indigenise and manufacture TX range ATVs in Chandigarh. The first India-assembled unit is expected by early 2026.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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