Singapore Government

Singapore Government

Singapore GDP down 12.6% in Q2, taking country into technical recession, flash figures show

Singapore GDP down 12.6% in Q2, taking country into technical recession, flash figures show SINGAPORE'S gross domestic product (GDP) plummeted 12.6% year on year in the second quarter, bringing the country into a technical recession, as Covid-19 "circuit-breaker" measures hit hard and external demand stayed weak amid the global downturn, according to Ministry of Trade and Industry (MTI)...

Construction workers to be tested regularly

Construction workers to be tested regularly when projects gradually resume after circuit breaker Source: Channel News Asia/ CNA   SINGAPORE: Construction firms must implement safety measures for workers when projects gradually resume after the "circuit breaker" period ends on Jun 1, including regular COVID-19 tests and managing interactions on rest days. Foreign workers in the construction...

Temporary relief measures to also cover purchases of new homes

Temporary relief measures to also cover purchases of new homes: MinLaw PROPERTY buyers are now also given cover under the temporary relief measures from legal action as a result of Covid-19. On Wednesday, the Ministry of Law (MinLaw) said the Covid-19 (Temporary Measures) Act which provides temporary relief to those unable to fulfil contractual obligations as a result of Covid-19 will now also...

Singapore – Importance of having deep reserves

No more denying the importance of having deep reserves If there were doubts as to why the Singapore Government squirrels away past reserves and does not tap them during good times, they were laid to rest yesterday. Amid the economic and social turmoil of the Covid-19 pandemic, the Government pulled out all the stops in a second support package - just one month after announcing support measures to the tune...

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