Moving towards Phase 3 in Singapore
In the early stage of the COVID-19 outbreak, there were two schools of thought on how the virus should be dealt with. As Singapore moves closer towards Phase 3, let’s have a quick recap on what worked around the world. Imposing a lockdown One approach would be to impose a lockdown to contain the virus […]
NTUC Care Fund to benefit more Singaporeans
As the pandemic affects lives and livelihoods, NTUC has stepped up measures to extend more assistance to union members through the NTUC Care Fund. During its first exercise, the NTUC Care Fund (Covid-19), supported 30,000 union members with a total payout of $8 million. A further $17 million is expected to be disbursed to union […]
Singapore economy turns a corner but recovery will be gradual
The Singapore economy expanded by 9.2 per cent on a quarter-on-quarter seasonally-adjusted basis in the third quarter. This is a turnaround from the 13.2 per cent contraction in the second quarter during the Circuit Breaker. On a year-on-year basis, our economy contracted by 5.8% in the third quarter. This is an improved performance compared to […]