SINGAPORE'S economy contracted sharply in the first quarter across almost all sectors with two notable exceptions: financial services and construction.

The building trade posted growth of 9.6 per cent in the first quarter, making it a standout performer, but it was still below the 10.3 per cent expansion in the fourth quarter of last year.

Singapore dropped from 92 points on the Nielsen Global Consumer Confidence Index late last year to 80. This is the third consecutive decline in the twice-yearly index since the all-time high in late 2007.

BUS operator SBS Transit is looking into offering concession fares to commuters with physical disabilities.

It is considering doing this on its buses first, and the same for trains later.

The company, part of transport giant ComfortDelGro Corp, would only say it is 'exploring the possibility' when queried by The Straits Times yesterday.