Singapore business sentiment tumbles on potential coronavirus fallout: poll

Among indicators, selling price, volume of sales and new orders fell the most. Selling price slid 17.42 percentage points to -8.46 percentage points in Q2 2020 from +8.96 percentage points in Q1 2020.

From late February to early March, the study polled 200 business owners and senior executives representing major industry sectors across Singapore, with figures calculated by subtracting the percentage of respondents expecting decreases from the percentage expecting increases, said SCCB. In construction, selling price tumbled to -30 percentage points from +30 percentage points while inventory levels dropped to -30 percentage points from +10 percentage points.

Manufacturing had the largest drops in selling price and new orders. Both fell to -10 percentage points from +15 percentage points.

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Singapore business confidence falls to record low on coronavirus worries: SurveyBusiness sentiment tumbled to -7.88 percentage points in Q2 2020 from 5.31 percentage points in Q1 2020 as all six of the study's indicators reported negative numbers.. Read more at straitstimes.com. Spore have gone through SARS before in 2002/2003 period and we have made it through. This is the second time we are facing coronavirus and this time round, I believe we can make it. China epidemic is coming to an end with the prospects looking bright again.
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Coronavirus: Fallout unlikely to hurt investment commitments in next couple of years, says EDBSINGAPORE - Fallout from the coronavirus outbreak in Wuhan is unlikely to hit investment commitments to Singapore in the next couple of years, Economic Development Board (EDB) managing director Chng Kai Fong said on Monday (March 9).. Read more at straitstimes.com.
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