For those who are worried about the state of Singapore’s economy, there’s been good news on this front.
The nation’s third-quarter economic contraction was 7% year on year, much better than the 13.3% contraction in the second quarter.
On a quarter-on-quarter basis, the gross domestic product grew by 7.9%, representing a dramatic rebound from the pandemic lows.
This growth was led by the information technology, advanced manufacturing and financial services sectors, which have boomed despite the crisis.
However, other badly-impacted sectors such as tourism, airlines and hotels may still need more time before a recovery takes root.
Singapore’s recovery may end up being “K-shaped” rather than “U-shaped” or “L-shaped”.
“K” in this case refers to certain industries doing very well while others continue to languish.
There’s reason to rejoice, though, as the number of COVID-19 cases within the community dwindles to low single-digit levels.
Phase III of Singapore’s re-opening may even be on the cards.
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Singapore Airlines Limited (SGX: C6L) has been devising innovative ways to earn additional revenue even as its fleet remains largely grounded. However, the outlook continues to remain challenging for the carrier.
With the oil and gas industry still in the doldrums, can this oil giant sustain its earnings, or is it losing relevance in a brave new world?
Singapore Press Holdings Limited (SGX: T39) just released its full fiscal year 2020 earnings. Here are five aspects that investors should know about.
SPH REIT (SGX: SK6U) recently reported its full-year 2020 earnings as well. Here are three points for investors to take note of.
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Please refer to the individual articles for stock ownership disclosures.