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Singapore‘s one of the biggest supermarket Fairprice decided to charge for every plastic bag use.

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1.Singapore home prices fell the most in more than three years in the first quarter as the coronavirus outbreak slammed the economy.
2.
83.1% in January, according to data from the Singapore Tourism Board (STB). On a YoY basis, occupancy rate also dived by 37.5 ppt from 88.5% in 2019.
3.Healthcare inflation is a significant challenge for Singapore, and affects all Singaporeans.

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Small and medium enterprises (SMEs), who have little or no e-commerce experience, can start selling online through support from a new Enterprise Singapore initiative.

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resilience package for coronavirus impact of $48 billion dollars

salary cut for Singapore airlines engineering team

Singapore banks may see a 14 to 18 per cent hit to their revenue in 2020 following the latest virus relief measures for consumers.

tenants, F&B gropes are hoping for rental reliefs due to lack of sales in business, job loss, and few other reasons of cover-19 outbreak

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The GDP of this quarter is decreased by 2.2% in Singapore with the effect of COVID-19.

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The GDP of this quarter is decreased by 2.2% in Singapore with the effect of COVID-19.

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Business optimism among Singapore SMEs lowest since 2009

- Expect lower SMEs business activities

- Challenges for SMEs because it produce high cost and low demand in products under COVID-19

Implication of Doing business in Singapore
- Small businesses have no interest or less interest entering in Singapore market

- An opportunity for MNE or some large companies because they can start the business in lower cost and less competitors in local because some of the SMEs are facing challenges (etc Bankrupt, loss of employees, do not have enough of money to do business.)

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SMEs in retail and food and beverage sector drop the most affect by coronavirus.
Business have to put much effort in transferring their operation online. Its a hard time for those who dont have the online resources.

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Singapore's 2020 GDP growth forecast is -2.8% or 3.8 percentage points lower than the previous estimate of 1%, reflecting the downside risks for Singapore’s economy following the spread of the COVID-19 pandemic

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The biggest increase number of CAVID-19, creating Singapore economy going down and making a lot of people employment.
Besides this, Singapore airlines has announced cutting off 96% international flight since March. Besides this, retailers, duty free and Changi airports, including Jewel Changi, opening in 2019, face challenges during this period. All shops closed.

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1.

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1.Government issues property tax relates to landlords and pass on to tenants.
For business:
Governments are making efforts to stimulate national economy to reduce impact from Coronavirus.

2.Governments set up more online cells channels to help e-commerce retail companies.
For business:
More benefits are given to small and medium company so that they can survive in such a bad situation.

3.Singapore government will match funds that are raised by the private sector to support businesses

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The dramatic increase of the quantity of COVID-19 patients

Singapore threatens 6 months in jail for breaking social distancing laws

Singapore airlines cutting 90% international airlines last week

In order to help retailers change their business mode, a new enterprise Singapore initiative to help small and medium enterprises, conducting e-commerce

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1. Singapore tourism is harder than ever
implication: one of the most crucial industries in Singapore, this might be a significant financial challenge for Singapore

2. New enterprise Singapore initiative to help SMEs break into e-commerce market
implication: 1)SMEs will be more competitive
2)more opportunities for SMEs to continue their business
3)new channel for foreign businesses to cooperate with

3. Employees are going to law firm to ask for help
implication: the government should provide help to both companies and employees to reduce their pressure