Singapore trims 2020 GDP forecast as virus poses recession risk

On Monday, Singapore cut its growth forecast for 2020 as the country struggles with one of the highest numbers of coronavirus cases outside mainland China. The...

Grab to challenge $21 million fine in MY

Grab Holdings Inc has confirmed it is challenging Malaysia Competition Commission (MyCC)’s proposal to levy a US$21 million fine on the ride-hailing giant.  Grab, along with...

SG government and private sector fight virus together

Singapore has just confirmed 47 total cases of the Wuhan coronavirus. Several of these cases have no travel history to mainland China nor any...

Southeast Asian central banks roll out anti-virus measures

Four central banks in Southeast Asia signaled aggressive policy action this week to curtail the impact of the new coronavirus. The central banks are from Indonesia, the...

Singapore takes multi-prong approach to Wuhan virus

Both China and Singapore are pulling out all stops to deal with the Wuhan virus, as the death toll climbs to 106 and health...

UN Report reinforces Singapore’s genius in social engineering

Singaporeans may be wrong in estimating the prevalence of Chinese and Indian nationals in their country, but the government definitely hasn’t missed a beat...

ASEAN-5 growth forecast trimmed as exports slow

The International Monetary Fund (IMF) trimmed its growth forecast for five members of the Association of Southeast Asian Nations (ASEAN) members amid their continued...

21 contenders for SG’s five digital banking licenses

Singapore’s Monetary Authority of Singapore (MAS) has confirmed a total of 21 applications for its digital banking licenses. Seven bids came through for the digital...

Singapore fake news law to face legal challenge 

A Singapore opposition party says it will legally challenge government corrections under the so-called fake news law, which came into effect in October. The Singapore...

Singapore’s economy limps into 2020

Singapore's economy grew by just 0.7 per cent during 2019 as the US-China trade war disrupted the financial hub along with a cyclical global...

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Philippines transitions to online schooling amid coronavirus

The upcoming school year in the Philippines will push through as planned but the government was still not keen on allowing face-to-face classes. The Office...

Thailand rejects cash aid proposal for civil servants

Thailand’s Ministry of Finance has junked a proposal to offer cash aid to 91,000 farming civil servants for supplementary income, arguing that they are...

Singapore to reopen economy next month

Singapore is officially opening up its economy next month, albeit such a plan will be done so in phases, according to the multi-ministry task...