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BT EXCLUSIVE: VIRUS OUTBREAK

Over 8,600 businesses ceased and filed to cease operations in April

Economists warn more of them will go under, after wage support is cut for most sectors; job losses are expected to swell in Q2

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A total of 8,663 business entities closed in April - more than double the number of cessations in March, as the novel coronavirus pandemic continues to bite.

Singapore

A TOTAL of 3,771 business entities closed in April - a shade less than the 3,793 in March 2020 - with another 4,892 in the process of shutting down, as the novel...

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