Sales Up in Singapore for the Second Consecutive Month March retail sales in Singapore rose 6.2% for the second consecutive month as the country continues its economic rebound. After a 24-month slide, this growth was welcomed news indeed. The numbers are a boost from last year comparatively when COVID-19 social distancing measures and border restrictions…
Expansion Picked Up From 0.1 to 50.9 From March This Year Singapore manufacturing activity had an overall expansion in April. This is the fastest the sector has expanded since December 2018, thanks to an increase in employment, new exports, and new orders. Imports, order backlog, and input prices were other areas that experienced an expansion.…
Cash Grant Granted to Support Recovery and Growth Amid the Pandemic $8,000 cash grant has been granted to more than 100 small and medium enterprises (SMEs) to help them cope with the recovery and growth amid the pandemic. The grants were given to help cover the cost of operations, rent and maintain the employee payroll.…
Covid-19 Did Not Hamper the Entrepreneurial Spirit Despite the rough patch faced by many businesses during the Covid-19 pandemic, Singapore start-ups still managed to bring in $5.5 billion in funding in 2020. Although this sum is lower than what has been garnered in recent years, the Ministry of Trade and Industry highlighted that 2020’s figure…
Singapore Secures 11th Spot Among the Best Cities in The World Singapore clinches the 11th spot in the annual world’s best cities ranking in 2020. It moved up two spots from its 13th position back in 2019. Singapore was ranked based on innovation, economic dynamism, transport, and environmental policies in the Schroders Global Cities Index.…
American Tech Giant to Help Drive Innovation in Singapore Dell has launched its US$50 million R&D Centre (Research & Development Centre) in February. The centre is expected to help drive computing innovation called edge computing. Edge computing is an emerging technology that involves several devices or computers. This includes technology like sensors that analyse data…
An Easier Way for Singaporeans to Afford Their Dream Home A one-stop HDB Flat Portal is now available in Singapore, making it easier to purchase your dream home. The portal was launched by the Housing and Development Board (HDB). An Easier Way to Afford the Home You Want It’s easier for Singaporeans to afford…
Segregated Lanes for All Business Travelers Coming to Singapore Business travellers coming to stay for the short-term in Singapore will now have to go through the segregated business travel lanes. These lanes are aimed at all travellers. These segregated business travel lanes are part of the Connect@Singapore initiative. These lanes aim to limit the number…
Mutual Benefits to Be Gained Under the European Union Singapore and the United Kingdom (UK) signed a Free Trade Agreement (FTA) on 10 December. Both countries are set to enjoy the mutual benefits of the deal. The mutual benefits that both Singapore and the UK stand to gain by signing the free trade agreement fall…
New Businesses Are Still Being Set Up Despite the Pandemic Singapore has a remarkable ability to thrive as a business hub, and this year was no different. Despite the Covid-19 pandemic, new businesses were continuously established throughout the year. It’s Business as Usual The Covid-19 pandemic may have put a halt to many businesses,…
