Bloomberg Singapore increased its cash payout to individuals and announced additional steps to save jobs as the city-state prepares to severely curtail activities to contain a spike in coronavirus cases. The third virus-related stimulus package in two months will cost S$5.1 billion ($3.6 billion), taking the nation’s total virus relief to almost S$60 billion, or 12% of gross domestic product, ...

Bloomberg Shares of Biolidics Ltd jumped as the Singapore-based medical device manufacturer said its rapid test kits for Covid-19 were approved for sale in the European Union. The stock rose as much as 12% in early trading after the firm announced on Monday that it received confirmation for CE marking on April 3. CE marking is a notification process to ...

Bloomberg The deadly coronavirus may infect as many as 95,000 people in Indonesia by next month before easing, a minister said, as authorities ordered people to wear face masks to contain the pandemic. The dire forecast is based on a projection by the nation’s intelligence agency, University of Indonesia and Bandung Institute of Technology, finance minister Sri Mulyani Indrawati told ...