circuit breaker measures

Digital bank hopeful iFast notes that 3Q20 profit growth was substantially higher than the growth in revenue.

Singapore’s retail sales continued to slide in July – the first full month that in-store shopping and dining in at restaurants were permitted after their shutdown during the “circuit breaker” in the second quarter.

Takings of Singapore’s retailers continued to slide in June despite the earlier than expected phase two measures on June 19 which permitted in-store shopping and dining in at restaurants.

The disappointing set of results was largely due to the shutdown of production activities at all the company’s Singapore yards since April, owing to the implementation of the circuit breaker measures.

Singapore’s total retail sales value deepened its plummet by 52.1% year-on-year in May, due to the ‘circuit breaker’ measures.

Economists expect Singapore’s manufacturing to weaken in the coming months, following the plunge in May’s factory output numbers.

For the last half decade or so, Sembcorp Marine (Sembmarine) has been hit by declining revenue and several annual losses amid a severe slump in the oil industry. As a result, the consolidation of its weak performance has been a drag o

According to Google’s Covid-19 Community Mobility Reports, the number of people who went back to work on June 2 rose by 15%, while those who remained home, dipped by 7%.

The 40.5% drop in April’s retail sales value marks the largest decline in the metric since its adoption in 1986

"We believe the manufacturing sector will be the fastest to recover post Covid-19, riding on the back of a recover in the global economies from 2021 onwards," says DBS Group Research analyst Derek Tan.