SINGAPORE: Companies and self-employed people will get an automatic deferment of income tax payments for three months, announced Deputy Prime Minister Heng Swee Keat in Parliament on Thursday (Mar 26), amid an economic slowdown caused by the COVID-19 outbreak. The deferment is part of a slew of ...
SINGAPORE: Financial assistance for the unemployed and low-income workers are set to increase as the COVID-19 pandemic unnerves businesses and employees across Singapore. “The best way to safeguard the well-being of our people is by supporting them to stay employed,” said Deputy Prime Minister ...
The publishers of Britain's Daily Mail and Daily Mirror newspapers both flagged expected financial hits from the coronavirus crisis on Thursday, saying advertising and other revenues would be weakened.
SINGAPORE: President Halimah Yacob has given her in-principle support for Singapore to draw on its past reserves, as part of a second assistance package in response to the COVID-19 pandemic. In a message to Parliament - delivered by Speaker of Parliament Tan Chuan-Jin on Thursday (Mar 26) - the...
THE Monetary Authority of Singapore (MAS) announced on Thursday that it will be lending USD obtained from the US Federal Reserve to banks in Singapore allocated through auctions, with the first taking place this Friday, March 27.
SINGAPORE: Deputy Prime Minister and Finance Minister Heng Swee Keat is delivering a ministerial statement on Thursday afternoon (Mar 26) on the Government’s additional support measures for businesses and households in response to the COVID-19 pandemic. This second stimulus package, which Mr Heng ...
A representative body for airlines based in Britain has written to its transport minister seeking industry-specific tax and air traffic fee holidays to help survive a coronavirus pandemic that has brought air travel to a standstill.
The fixation on a redesign of policies, regulations, and economic structures conditioned by the last crisis will leave us woefully unprepared for the next one, says Stephen S Roach.
Airbus SE is reducing the production of aircraft wings for three weeks as it slows operations to put in place extra health and safety measures due to the coronavirus pandemic, the planemaker said on Thursday.
The number of Americans filing claims for unemployment benefits likely raced to as high as a record 4 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudden halt, unleashing a wave of layoffs.
