Budget 2020

Transport stocks are starting their engines and driving towards a recovery.

2020 was said to be a year of recovery, but the virus had other plans

If Muhyiddin's budget is defeated in parliament, his government will collapse, potentially triggering a General Election.

Market watchers are looking at a 7.6% y-o-y contraction in the GDP for 3Q2020

market watchers are looking at a 7.6% y-o-y contraction in the GDP for 3Q2020

Going into FY21, we foresee the fiscal deficit will continue to be impacted by weak operating revenue,” say RHB economists.

“The government’s financial support will not be sufficient to [cover] revenue lost by companies [but] we hope they are enough for companies to tide over this period, without having to lay off their staff,” says SBF CEO Ho Meng Kit.

The new legislation, subject to Parliament's approval, could see property owners be found guilty of an offence if they fail to fully pass on the property tax rebate to their tenants

“I fully expect things to get more serious before they start getting better,” according to the post. When the election will be held “will depend on what will best see Singapore through this major crisis,” he said.

“What makes Singapore different from other countries is that we have confidence in each other, we feel that we are all in this together, and we do not leave anyone behind,” said Prime Minister Lee Hsien Loong. “This is SG United, we are SG United.”