Singapore Economic News

Interestingly, not once in PM Lee's Speech did he use the word "Lockdown" but merely the words circuit breakers etc.

However, many people are sharp enough to pick it up that its akin to a lockdown.

Now that restaurants are restricted to being takeaway options, I am interested to know how retail malls will be affected. With many malls leased out to restaurants and eateries, the lack of dine in options especially duringweekends will greatly affect the sales.

PMI is one thing (factories) but it seems a lot of commercial real estate are going to suffer a 1 month slump and along with it, lower sales and rental revenue

(03-04-2020, 09:21 PM)CY09 Wrote: Interestingly, not once in PM Lee's Speech did he use the word "Lockdown" but merely the words circuit breakers etc.

However, many people are sharp enough to pick it up that its akin to a lockdown.

 If this is considered a lockdown then it is one where everybody can open the lock. Everybody can still leave their house at any time of the day. And the list of essential services is ridiculously long. There is even a "others" category and it includes barbershops ! https://covid.gobusiness.gov.sg/essentia...es/others/

Why its crucial for Singapore to stay at Home. ( 3 April 2020 )

https://www.youtube.com/watch?v=7CoplM-euAs

(03-04-2020, 11:07 PM)touzi Wrote:

(03-04-2020, 09:21 PM)CY09 Wrote: Interestingly, not once in PM Lee's Speech did he use the word "Lockdown" but merely the words circuit breakers etc.

However, many people are sharp enough to pick it up that its akin to a lockdown.

 If this is considered a lockdown then it is one where everybody can open the lock. Everybody can still leave their house at any time of the day. And the list of essential services is ridiculously long. There is even a "others" category and it includes barbershops ! https://covid.gobusiness.gov.sg/essentia...es/others/

It's easy, just contrast this across the straits where there are (1) frequent police roadblocks assisted by army personnel armed with assault rifles, (2) cannot travel more than 10km from your home, (3) only the "head" of the household can buy groceries, (4) all food stalls are mandated to close after 8pm and (5) wives are encouraged to talk like Doraemon.....ok fine, the last one is a joke as part of the HRO (Humor Release Order) in Msia.

Interesting, across both straits, critical industries continue to operate (Msia - oil and timber, Spore - pharma/semiconductor/petrochem).

For the individual, this isn't much of a lock down persay in terms of individual freedom. But for businesses, there is probably no difference between a "circuit breaker" and "lockdown".

(click to read on Micro-Mechanics Announcement)

Semi-conductor - Essential Services in Malaysia and USA
As semiconductors are listed on the government’s “List of Products that are Part of the Supply Chain of
Essential Goods Supply Chain for Exemption from the Restriction of Movement”, the Group can continue
its operations in Penang at a minimal level. 

As the operations of the Group’s factory in Morgan Hills fall under an exemption in the order, it has been
permitted to perform minimum basic operations. The Group has implemented a plan to ensure the factory
continues to run with reduced personnel to maintain basic and essential operations.

Singapore’s cramped migrant worker dorms a ‘perfect storm’ for rising coronavirus infections
https://www.scmp.com/week-asia/health-en...fect-storm


Inside the squalid Singapore migrant camp feared to be rife with Covid-19
https://www.youtube.com/watch?v=eK2tv9K8-wc

Does anyone know if Kaletra medication is used by KL hospitals to treat patients showing coronavirus symptoms ?

(07-04-2020, 03:32 PM)Behappyalways Wrote: Singapore’s cramped migrant worker dorms a ‘perfect storm’ for rising coronavirus infections
https://www.scmp.com/week-asia/health-en...fect-storm


Inside the squalid Singapore migrant camp feared to be rife with Covid-19
https://www.youtube.com/watch?v=eK2tv9K8-wc

It's actually quite ironic that HK talk about cramp housing. I think Khaw started with the minimum 10m square rule per pax few years back. Wonder why this happended or it's temporary / no choice

DBS, OCBC, UOB set to post first profit decline since 2016



https://www.theedgesingapore.com/news/ba...cline-2016

CapitaLand Mall Trust slashes 1Q DPU by 70.5% to 0.85 cent in view of 'continuing headwinds'

https://www.theedgesingapore.com/capital...-headwinds