MAS: Bank loans rose 0.2% in February due to increased business loans

In February, bank lending increased in the midst of COVID-19 spread. According…

National Wages Council: 10% cut in basic pay or lower MVC, if wage cuts necessary

In the event that wages need to be reduced, it has been…

Getting to know what is monetary policy in Singapore & the S$NEER

On Monday (30 March), the Monetary Authority of Singapore (MAS) stated that…

MAS lowers currency band to zero in monetary easing move

Earlier this morning (30 March), the central bank of Singapore, Monetary Authority…

Resilience Budget’s provision of unemployment benefit and wage subsidies may be insufficient

On Thursday (26 March), a large-scale supplementary budget was announced by Deputy…

Japan likely to face “worst recession” since 2008 crisis due to COVID-19: Economists

The world’s third-largest economy appears to be heading towards its “worst recession”…

EDB: Singapore factory output declined 1.1% in February

According to the preliminary data released by the Economic Development Board (EDB)…

SDP chief Chee Soon Juan urges govt to raise wages across industries, reduce rental rates for businesses

The Government should urgently enforce regulatory business measures such as increasing the…

MTI: Singapore’s 2020 growth forecast turns negative as Q1 GDP shrinks 2.2%

The official gross domestic product (GDP) growth forecast by the Ministry of…

Price of 95-octane grade petrol dropped 20 cents a litre due to oil price crash

In Singapore, the price of the most popular 95-octane grade petrol at…