Enterprise Singapore (ESG)

SINGAPORE (July 17): Defying expectations of a slowdown from the Covid-19 outbreak, Singapore’s non-oil domestic exports (NODX) reversed out of the red in June thanks to a low base from the year before.

The KSC, which is the first Korean startup centre in Southeast Asia, was officially launched on Wednesday by South Korea’s Ministry of SMEs and Startups (MSS).

The Singapore Tourism Board (STB) says that it has drawn up safe management measures (SMMs) with the Ministry of Trade and Industry (MTI), Enterprise Singapore (ESG), and the Ministry of Health (MOH) for hotels on Friday.

Quoteworthy: "I cannot allow the gains we have all made to be squandered by processes that are not followed." –— Prime Minister Jacinda Ardern of New Zealand, after a 24-day case-free streak was broken.

SINGAPORE (June 17): The effects of the Covid-19 pandemic are weighing in on Singapore’s non-oil domestic exports (NODX) as the metric reversed into the red in May, after posting expansions in the preceding three months.

More companies in danger of default given higher leverage, weaker balance sheets and greater risk of liquidity crunch amid the pandemic

“Pharmaceuticals formed the bulk of the growth in NOXD in April 2020, growing from the low base a year ago,” the trade agency said.

The facility, which was set up to help make loans to SME borrowers more affordable, will process loans to eligible banks and finance companies at an interest rate of 0.1% per annum for a two-year tenor.

“With the one-month circuit breaker and the rising probability of an extension, there may still be downside to come for domestic economic indicators as economic activity has been restricted to only essential services,” says OCBC’s Selena Ling.