The release of Singapore's second-quarter estimates painted a grim picture. Insight looks at what the coming months might hold for workers, businesses and the economy.. Read more at straitstimes.com.
The release of Singapore's second-quarter estimates painted a grim picture. Insight looks at what the coming months might hold for workers, businesses and the economy.Most of the layoffs have been in the hardest-hit sectors such as services, accommodation and food, and construction, but previously healthy sectors are suffering too.
The International Air Transport Association, which represents about 290 airlines comprising 82 per cent of global air traffic, has said it expects air traffic to return to pre-crisis levels only in 2024.Since joining the food and beverage industry 14 months ago after she left the nursing profession, Ms Norefa Riffin has gone from having zero experience in the field to overseeing inventory, finances and menu planning, even manning the stove herself.
The company, which provides a mix of Western and Asian cuisines, has moved from operating a cafeteria stall and managing events catering to a delivery-only business out of a central kitchen in Pandan Crescent.With the circuit breaker in place from April to June, almost all sectors of the economy shrank.Movement restrictions on foreign workers and a pause on building projects meant that the sector was brought to a virtual standstill.
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