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
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.
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International
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Weak yen boosts tourist wallets in Japan
Gas prices are putting Washington’s boldest climate policy at risk
India collects record 2.10 trillion rupees as goods and services tax in April
China travel surges for May holiday but consumers remain wary
Macau casinos remain resilient in April as consumers seek fun