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Circuit breaker extension to hurt construction sector, shipyards
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Nisha Ramchandani
Published Tue, Apr 21, 2020 · 09:50 PM
Singapore
THE extension of the circuit breaker till June 1 will mean an additional month of lost revenue as well as delays to project completion timelines for construction companies in Singapore.
UOB economist Barnabas Gan estimates that the construction sector will contract by 15 per cent in the second quarter of 2020, while full-year growth will be revised to negative 6 per cent, down from positive growth of 0.7 per cent.
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