The Business Times
business-time-50

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

Tay Peck Gek

Tay Peck Gek

Published Sun, May 10, 2020 · 09:50 PM

    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 coronavirus continues to bite. (see amendment note)

    In contrast, the number of business entities formed in April at 3,767 was the lowest since 2013. Figures for the first three months this year were in the range of 4,514 to 5,082.

    Covid-19

    TRENDING NOW

    From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

    Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

    Tuas Road Viaduct’s phase two will extend the viaduct at its western and eastern ends, and will link Pioneer Road, Tuas South and Tuas Port.

    Hwa Seng Builder, two China companies win S$1.2 billion Tuas Road Viaduct phase two contracts

    Ang’s San Miguel holds nearly 25% of Luzon’s installed capacity and Lopez’s First Gen accounts for 12%.

    Deal between tycoon friends sparks scrutiny of Philippine power sector

    Between May 2024 and July 2026, around two-thirds of the estimated 640 tankers loaded at the Westridge Marine Terminal in Vancouver arrived in Asia.

    Canada is upping oil flows to Asia, but South-east Asia’s refineries aren’t ready to handle them yet

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More