Macro Analysis /
Singapore

SG : Strategy - Groundhog day

    Siewkhee Lim
    Siewkhee Lim

    Head of Singapore Research

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    CGS-CIMB
    14 May 2021
    Published byCGS-CIMB

    Singapore is entering into heighted alert phase 2 (not total lockdown) from 16 May to 13 Jun, further limiting social gathering size to two from the recently reduced five. The measure will be reviewed in two weeks. Work from home is again the default. Eateries are only allowed to offer takeaway/delivery; we see consumers stocking up.