While passenger traffic has dropped, Jan 2021’s global air cargo traffic has risen to 2019 levels. This is encouraging. We hope the passenger traffic will
Tag: Economy
Visitor arrivals to Singapore in 2020 lowest in 4 decades
Visitor arrivals to Singapore fell to a 4-decade low in 2020 due to the COVID-19 pandemic. There were only 2.7million visitors – 87% drop from
Money changers – another sector hard hit by COVID-19 pandemic
With reduced travel, money changers in Singapore have hardly any business nowadays. Twelve of them in Singapore are closing permanently. One prominent money changer who
Over leveraging brought down many people including this tycoon who was once 4th wealthiest in Asia.
The rich will always get richer? Not all the time, especially when they over leverage in good times. This tycoon was once the 4th richest
S’pore attracted $17.2B in fixed asset investments in 2020 in spite of COVID-19
In spite of the challenging COVID-19 situation, Singapore secured $17.2B in fixed asset investment in 2020 – representing a 12-yr high since 2009. This created
Air passenger traffic for Singapore fell 82.8% in 2020 and Incheon became the busiest airport in asia
South Korea’s Incheon international airport became the Asia’s busiest airport in 2020, beating Singapore and Hong Kong as the effect of COVID-19 hit air travel
Global PC shipments rose 13% in 2020 mainly due to COVID-19
Global PC shipments rose 13% mainly due to the effects of COVID-19. More people work from home, need online access and greater computing power.
Gold prices seen to continue rising into 2021…
When there are economic uncertainties, most people rush to accumulate gold. Hence, it is no surprise when gold prices rose in 2020 amidst the COVID-19
