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The Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS), the Life Insurance Association (LIA), the General Insurance Association (GIA), and the Finance Houses Association of Singapore (FHAS), announced a package of measures to help ease the financial strain on individuals and SMEs caused by the COVID-19 pandemic. The package …

Dr. Amy Khor, Senior Minister of State for the Environment and Water Resources, urged members of the public and stakeholders to practise good public hygiene habits and social norms. Speaking at the launch of the SG Clean Ambassadors Network at Hong Kah North Single Member Constituency (SMC), Dr. Khor called for concerted and collective efforts to …

Emerging low-carbon alternatives can help to power Singapore’s energy future. To capture the opportunities offered by low-carbon alternatives, five Singapore and two Japanese companies enter into a Memorandum of Understanding (MoU) to study how hydrogen as a low-carbon alternative can contribute to a clean and sustainable energy future for Singapore. Under the MOU, PSA Corporation …

According to the Heritage Foundation, economic freedom is a fundamental right of every human. This freedom refers to their ability to control their own labour and property. This means that a person with economic freedom is free to work, produce, consume, and invest freely. To check the state of economic freedom in the world, Heritage …

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 …

UOB Asset Management Ltd (UOBAM) launched the United Sustainable Credit Income Fund (USCIF), the first bond fund in Singapore for retail investors which focuses on bonds from companies that are making progress against the United Nations (UN) Sustainable Development Goals (SDGs). The UN SDGs set the global agenda for sustainable economic, social and environmental development …

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 …

National water agency PUB has awarded the contract to build the biosolids treatment facility for the Tuas Water Reclamation Plant (WRP) – a major component of the Deep Tunnel Sewerage System (DTSS) Phase 2 project – as the construction of the plant gathers steam this year. ​​ Sembcorp Design and Construction Pte Ltd, a wholly-owned …

Based on advance estimates, the Singapore economy contracted by 2.2 per cent on a year-on-year basis in the first quarter of 2020, reversing the 1.0 per cent growth in the preceding quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy shrank by 10.6 per cent, a sharp pullback from the 0.6 per cent growth in …