Singapore’s rising pharmaceutical exports
Singapore is taking advantage of a massive surge in Pharmaceutical exports as the demand for non-oil domestic exports (NODX) rose unexpectedly by 9.7 percent year-on-year in April, defying market consensus for a contraction. April's expansion was led by gains in pharmaceutical exports, which rose 174.3 percent from a year ago, while electronics declined
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Malaysia’s exports fall to the lowest level in 11 years
Malaysian exports in May fell more than 25%, the lowest level in 11 years amid a global slowdown caused by the COVID-19 pandemic, government data showed on Monday (Jun 29). The contraction was sharper than the 19.9 % drop forecast by analysts surveyed by Reuters and the lowest since May 2009
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CNA
Singapore headed for the worst recession since 2008 due to coronavirus
Singapore today became the first country in the world to report its economic growth data for the period during which the coronavirus outbreak became a pandemic, with data showing the country's GDP fell 10.6 percent from the last quarter. The International Monetary Fund has announced that the global economy could be headed for a recession both deeper and longer than the 2008 financial crisis.
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BBC
Singapore ranked the most liveable city in Asia
ECA International, an organization that provides information about the cost of living, accommodation, health services, taxation and quality of life ranked Singapore as the top destination for Asian expatriates to live and work. Features like developed infrastructure, low crime rate, and massive international community helped Singapore achieve this title for a record 15th year.
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CNBC
Gaming company Razer applies for online bank license in Singapore
In a surprising move, popular gaming company Razer has revealed that it is teaming up with several other firms, including mobile internet firm LinkSure Global and car-selling platform Carro, to apply for an online bank license in Singapore, supported by its financial technology department Razer Fintech, to introduce an online banking platform consistent with its brand image as a popular choice with millennials and the youth.
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Reuters