Employers of non-Malaysian work permit holders can now share costs of their SHN, Covid-19 tests: MOM
SINGAPORE – Employers of non-Malaysian work permit holders can now share the costs of stay-home-notices (SHN) and related Covid-19 tests with another employer that hires the same worker within 12 […]
Singapore firms worry most about rising costs; 40% see losses this year: SCCCI survey
SINGAPORE (THE BUSINESS TIMES) – Some 57.3 per cent of Singapore businesses surveyed saw their costs rise this year, nearly double the 28.8 per cent who did so last year. Of […]
China faces power hikes that are likely to cut metals output
BEIJING (BLOOMBERG) – China’s energy crisis is likely to mean higher electricity prices, forcing the nation’s army of metals smelters to reduce output and threatening the industrial activity that has […]
Global energy shortage or a coincidence of regional crises?
BOSTON (REUTERS) – Petrol stations running dry in Britain. Power costs surging in the European Union ahead of winter. Forced restrictions on energy use in China. And rising prices for oil, […]
‘Things just went south’: Construction firms under pressure as pandemic bites deep
SINGAPORE – As construction costs soar ever higher, it has become a case of every man for himself, as contractor Choo Zhan Rui has seen all too well. Five subcontractors […]
Manpower, material constraints behind cost spike for construction firms
SINGAPORE – Manpower and building material costs in the construction sector have spiked since the Covid-19 pandemic began, delaying projects and hitting the cash flow for companies in the supply […]
Sembcorp Marine warns of continued losses in first half of 2021
SINGAPORE (THE BUSINESS TIMES) – Sembcorp Marine (Sembmarine) estimates losses for the six months ended June 30 will likely be in the region of the full-year losses incurred for 2020, according […]
Inflation already creeping into some corners of the world
NEW YORK (BLOOMBERG) – The big question in financial markets is whether the post-pandemic recovery will bring a burst of inflation. In some corners of the world economy, it’s already […]
China averts liquidity squeeze that was wreaking havoc on bonds
BEIJING (BLOOMBERG) – China’s central bank has pumped enough cash into the banking system to convince government bond investors that the worst is finally over. Over the past month, the […]