Singapore firms see mixed recovery as China lockdown thaws
Singapore
SINGAPORE companies in China, where the novel coronavirus first broke out, are experiencing mixed levels of recovery as the country unravels some of its strict social distancing measures and lockdowns.
Those in consumer-facing sectors appear more affected, especially with reports of new coronavirus cases - including in the initial outbreak epicentre Wuhan - stoking concerns of a second wave of infections. Also, some regulations on social distancing remain.
TRENDING NOW
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
These little-known SGX tech stocks are beating the market. What’s driving them up?
Genting Singapore shares drop 8% after Q1 earnings fall