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Forecasts reveal that COVID-19 will lead to economic losses in East Asia and the Pacific. The region of East Asia and the Pacific (EAP) are expected to suffer heavy losses in their gross domestic product (GDP) for the year 2020, according to the April 2020 regional report released by the World Bank Group. The COVID-19 …

DBS Bank announced that it will be donating SGD 10.5 million to help communities hard hit by Covid-19 across the region. Through the “DBS Stronger Together Fund”, the bank will provide about 4.5 million meals and care packs to affected individuals across its six key markets, namely Singapore, Hong Kong, China, India, Indonesia and Taiwan. …

Z/Yen Partners in collaboration with the China Development Institute (CDI) released the 2020 edition of the Global Financial Centers Index (GFCI). Now at its 27th edition, GFCI  continues to provide evaluations of the competitiveness of the major financial centres of the world. Highlights New York maintains the top position in the GFCI 27. Scoring an …

Since the Severe Acute Respiratory Syndrome (SARS) outbreak in 2003, Singapore is now better prepared to respond to the COVID-19 pandemic. In terms of R&D, Singapore has placed emphasis on a multi-disciplinary and collaborative approach to research on infectious diseases. This spans across A*STAR, the Institutes of Higher Learning such as NUS, NTU, Duke-NUS, and …

Close collaboration between scientists and the public health community have enabled the Fortitude Kit 2.0 diagnostic to be quickly developed and deployed in Singapore hospitals to detect the SARS-CoV-2 virus that causes COVID-19. From February, Fortitude Kit 2.0 has been in routine use in six public hospitals, and four private hospitals in Singapore. Currently, it …

Grab, Southeast Asia’s leading super app, announced a series of additional initiatives to support its driver, delivery and merchant-partner community in light of the COVID-19 pandemic. Since the beginning of the COVID-19 outbreak in Southeast Asia, Grab has worked tirelessly with governments and funded measures to render much-needed financial support for driver and delivery partners …

Singtel is rallying Singapore against COVID-19 by providing financial support for impacted communities and extending a care package of services to support the broader community. The Group has raised S$2 million collectively to help vulnerable groups in the community and frontline healthcare workers and volunteers. The Singtel Touching Lives Fund, the Group’s flagship philanthropy programme, …

The Maritime and Port Authority of Singapore (MPA) will provide economic relief to passenger vessel owners and operators, as well as passenger terminal operators, who have seen a drop in passenger volumes due to the COVID-19 (Coronavirus Disease 2019) outbreak. This was announced by Deputy Prime Minister and Minister for Finance, Mr Heng Swee Keat, …

In February 2020, the PPSP was introduced to provide targeted assistance to the Point-to-Point (P2P) sector and its drivers who have been impacted by COVID-19. Since then, the Government has received much feedback from the taxi and Private Hire Car (PHC) industry, which we have carefully considered. In particular, P2P operators have observed a sustained …

With greater awareness around safe distancing during the COVID-19 outbreak, the Infocomm Media Development Authority, (“IMDA”), together with industry partners, has embarked on a national community effort with a call to Singaporeans to “Stay Healthy, Go Digital”, encouraging people to continue with their daily lives while staying healthy through digital means. This collaboration aims to …