Singapore faces bigger contraction as Malaysia shuts borders


People walk across the Woodlands Causeway with their luggages last night, from Johor to Singapore, hours before Malaysia imposes a lockdown on travel due to the coronavirus outbreak. - Reuters

SINGAPORE: Malaysia’s movement control order is the latest threat to a Singapore economy already reeling from the coronavirus outbreak.

The city state relies heavily on its neighbour’s workers and food, and Malaysia’s move Monday night to ban all visitors and prevent residents from travelling overseas for about two weeks will choke off a key labour channel.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Singapore , Malaysia , faces , contraction , shuts , borders , coronavirus , workers ,

   

Next In Business News

US weekly jobless claims unexpectedly fall
Thong Guan Industries to sell unit in related party transaction
7-Eleven Malaysia sees stronger 4Q ahead
Bitcoin marches towards US$100,000 on optimism over Trump crypto plans
Sunway Construction’s net profit rises to RM46.47mil in 3Q24
Bank Islam launches new digital banking platforms
Mega First’s net profit rises to RM116.64mil in 3Q
Fajarbaru net profit triples to RM8.42mil in 1Q25
Globetronics Partners with Taiwan's ChipMOS for Integrated Circuit Services
Hap Seng 3Q24 net profit soars nearly fourfold to RM193.11mil

Others Also Read