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Coronavirus And The Digital Economy

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The Infocomm Media Development Authority (“IMDA”) and Enterprise Singapore (ESG) announced that they have pre-approved remote working solutions that come bundled with laptops, with up to 80% subsidy from the Productivity Solutions Grant (PSG) till end-2020. This will further help businesses digitalise to cope with the challenges of the COVID-19 situation. As part of the …

GrabFood users can now look forward to an expanded menu with the launch of Islandwide Delivery service, featuring close to 800 F&B establishments from all corners of Singapore. From well-known restaurants to well-rated small local F&B businesses, whether it’s “treat yourself” meals or simple and affordable bites, GrabFood has curated the most sought-after food choices for our …

The COVID-19 pandemic we are experiencing brought the digital economy into the spotlight: the good, the bad, and the future ahead. With countries taking strict preventative measures in order to flatten the curve, people have resorted to the use of digital platforms in order to continue working from their homes ⁠— the people who have …

These are the research findings of the 35th round of quarterly release for the DBS-SKBI Singapore Index of Inflation Expectations (SInDEx) Survey at the Sim Kee Boon Institute for Financial Economics (SKBI), Singapore Management University (SMU). In this survey, we introduced two new ad-hoc questions related to COVID-19, asking respondents for their view on its …

Sembcorp Industries (Sembcorp) is pleased to launch Singapore’s first renewable energy certificate (REC) platform that manages RECs from multiple sources. Backed by the company’s fast-growing renewable power capacity in China and Southeast Asia, the Sembcorp REC platform enables customers to transact RE100-recognised RECs to meet their green energy requirements. The platform aggregates RECs by combining …

A*STAR scientists, together with SingHealth doctors from the SGH Department of Infectious Diseases; and the Department of Respiratory and Critical Care Medicine; designed an experiment to show the importance of wearing a mask in helping to prevent the spread of viruses. The experiment showed that when the subject coughed without wearing a mask, respiratory droplets …

The Maritime and Port Authority of Singapore (MPA) has partnered terminal operator PSA Singapore, Keppel Offshore & Marine, Bibby Maritime Limited and The Ascott Limited to bring in and manage two floating accommodations to temporarily house foreign workers as part of the national effort to contain the spread of COVID-19.  The floating accommodations will be …

The Monetary Authority of Singapore (MAS) announced a S$125 million support package to sustain and strengthen capabilities in the financial services and FinTech sectors amid the current economic slump. The support package will help to position financial institutions (FIs) and FinTech firms for stronger growth when the threat of COVID-19 recedes and economic activity normalises. …

Since March this year, some safe distancing measures have been introduced in the public transport network. These include queue markers at retail establishments and General Ticketing Machines in bus interchanges and train stations. In line with the implementation of the Multi-Ministry Taskforce’s elevated set of safe distancing measures from 7 April 2020, the Land Transport …

Singapore Exchange Regulation (“SGX RegCo”), in consultation with the Monetary Authority of Singapore (“MAS”), will introduce measures to support issuers amid the challenging business and economic climate due to COVID-19, including enabling the acceleration of fund-raising efforts. Suspension of Entry into the Financial Watch-List COVID-19 has caused a drastic global deterioration in business conditions for …