# 1 More woes in the shipping and oil and gas sector
The increasing difficulty to meet debt obligations for the maritime and oil and gas sector is casting a shadow over the possibility of a short-term recovery in the market. Container throughput shrank 8.7% last year, coupled with unstable oil price resulted in massive damage to the financial statement of firms within the industries.
With companies such Swissco and Rickmers struggling to repay their investors, the worrying situation does not seem to have an end at least in the new future.
# 2 More reasons to take the public transport to work
Looks like that our constant feedback on public transport fares were being heard. With prices for oil and gas falling since last year, public transport companies will be passing the cost savings down to Singapore starting next year. Singaporeans will enjoy a 4.2 per cent reduction with a possibility of more reduction in the coming years.
# 3 Ryan Giggs and Gary Neville visits Singapore
If you had friends working in Bloomberg Singapore’s office, they may have took the opportunity for a selfie with former Manchester United stars, Ryan Giggs and Gary Neville. The duo are looking to set up their football-themed hotels and cafe in Asia, and Singapore is on their checklist.
# 4 Unemployment rate remains unchanged
Unemployment rate remains unchanged at 2.1 per cent in the third quarter. The manufacturing sector sees the highest reduction in employment rate, with little sign of it turning for the better.
With Singapore’s economy to remain sluggish till year 2017, Singaporeans are in for a long haul and holding on to your job for now will probably be the best advice we can give.
What are some important finance related news that happened in Singapore this week? Share them with us by leaving a comment on Facebook.
DollarsAndSense’s Inaugural Event On 11 May 2019 (Tickets Now On Sale)
There are many ways to invest. Buy and hold the right growth stocks; invest in stable companies with strong cashflow and earn dividend income; or you can actively trade and make money off volatility in the financial markets. With so many options available, how do new investors get started on their investment journey?
This is the theme of DollarsAndSense’s very first event, In the Footsteps of Masters: Going Beyond #myfirsttrade, organised together with our friends at InvestingNote. This event brings together some of Singapore’s most prominent investors and traders, as they share actionable insights and advice.
Enjoy early bird prices ($18 per ticket, or $28 for two tickets) until 21 April 2019. Seats are limited, so act fast to avoid disappointment.
Head over to register today! We look forward to seeing you there!