The Business Times
business-time-50

Q2 business sentiment plunges to new low on Covid-19 fallout

Construction, services and manufacturing sectors worst-hit; businesses worried about significant impact on sales

google-preferred-sourceAdd BT as a preferred source

Ng Ren Jye

Published Tue, Mar 10, 2020 · 09:50 PM
    Plumbing new lows

    Singapore

    BUSINESS sentiment among Singapore firms plunged to an all-time low in the second quarter of 2020 on coronavirus health risks and potential economic impact, according to Singapore Commercial Credit Bureau's (SCCB) latest Business Optimism Index study released on Tuesday.

    Companies that The Business Times (BT) spoke to echoed worries revealed in the survey, such as significant impact on sales, and said they are exercising caution in hiring.

    Covid-19

    TRENDING NOW

    SIA said macroeconomic and geopolitical developments, including the Middle East conflict, continue to add uncertainty to the airline industry’s operating environment.

    SIA sinks into the red with S$76 million Q1 loss as fuel costs jump

    National Development Minister Chee Hong Tat noted that the public housing market has seen a moderation in resale flat prices over the past few quarters, following multiple rounds of cooling measures as resale prices surged.

    15-month wait-out curb lifted for private property owners buying HDB resale flats

    The hiring push comes as Singapore’s banks expand their wealth franchises across Asia.

    Singapore banks’ battle for wealth talent goes beyond private bankers

    Business Buddy owner Raine Goh uses the time saved from AI to focus on strategy, ideas and better ways to solve clients’ problems.

    New career paths, deeper client bonds: How SME founder made AI serve her employees, not replace them

    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