Daily Debrief: What Happened Today

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Fortitude Budget: S$33 billion package to support firms, save and create jobs

TO support firms, save jobs, and create opportunities for workers, a S$33 billion supplementary Budget was presented by Deputy Prime Minister and Finance Minister Heng Swee Keat in Parliament on Tuesday, drawing a further S$31 billion from past reserves for Singapore's fourth Budget this year.

Singapore recession forecast for 2020 worsens to between -4% and -7%

THE official outlook was lowered on Tuesday, from previous estimates of a contraction of between 1 per cent and 4 per cent, as the fallout from the Covid-19 pandemic continued.

Singapore headline inflation turns negative in April due to larger decline in private transport cost

HEADLINE inflation was at -0.7 per cent year on year in April, easing further from a zero figure seen in March.

Singapore non-oil exports tipped to fall -4% to -1% in 2020

THE latest revision came despite the NODX posting a 5.8 per cent year-on-year increase in the first three months of the year, thanks largely to a low base a year ago.

Singapore factory output up 13% in April, biomedical manufacturing doubles: EDB

SINGAPORE'S manufacturing output in April increased for a second consecutive month following a surge in biomedical manufacturing amid the novel coronavirus pandemic, preliminary figures from the Economic Development Board (EDB) on Tuesday showed.

The STI today

STI up 30.47 points on firm regional sentiment; beneficiaries of Covid-19 pandemic bounce higher THE Straits Times Index closed at 2,530.30 on Tuesday, up 30.47 points or 1.22 percent.