Recently, there’s been a surge of discount brokers entering the Singapore market. We have seen something similar happened before in the music and book industries. Let me refresh your memory. #1 – Music My first exposure to pop music was through radio and cassette tapes. Not sure how many of you can relate to the … Read more
The news is official – Singapore is in an economic recession after witnessing two consecutive quarters of GDP contraction. Compared to the same period last year, Singapore’s GDP contracted by 12.6% in the second quarter (Mar-Jun 2020). Earlier this year, Ministry of Trade & Industry (MTI) projected a GDP contraction ranging from -7% to -4% … Read more
I have seen a couple of submissions to the Straits Times forum criticising Purpose Built Workers Accommodation (PBWA) operators in Singapore. Here’s one and below is another: I know Singaporeans are upset about the rising number of Covid-19 cases which are largely contributed by foreign workers living in PBWAs. There’s something at stake here for … Read more
The economic fallout from COVID19 has been brutal and extensive. The aviation industry is one of the hardest hit. With many borders still shut, demand for air travel has fallen off a cliff. The International Air Transport Association (IATA) estimates that up till June alone, we will see more than 4.5million flight cancellations and up … Read more
As we move from the industrial age to the information age, companies worldwide have been pushing for digital transformation. There are many schemes administered by the Singapore Government to encourage businesses to upgrade their wares and to adopt new technology. Many grants fall under the ambit of the Productivity & Innovation Credit (PIC) scheme. There … Read more