Over Half of All Singaporean Employers Confident About 2020 Growth High Level of Business Confidence Although 2019 was marked by various economic challenges such as the US-China trade war, Singapore’s business environment remains buoyant as a study by recruitment firm shows that 55% of Singaporean employers cited high levels of confidence in their business…
Strong Training Framework Is Helpful To Employees And Companies In Singapore Plug Skills Gap By Improving Training Singapore’s Manpower Minister highlighted the importance of a robust training framework at the recent launch of Workforce Singapore (WSG) programme, “The gap between jobs and skills will widen as businesses transform in the digital economy, but Singapore…
Growth in Employment Raises Hopes for 2020 Stronger Job Market Than Expected The 2019 Singaporean job market has turned out to be stronger than predicted, leading many analysts and recruiters in the private sector to predict increased hiring in 2020. Recent data from the Ministry of Manpower (MOM) indicated that total employment growth grew…
Data Alignment Exercise by ACRA to Streamline Information Streamlining Information and Records for Greater Efficiency Streamlining information across relevant government records in Singapore is going to be easier with the data alignment exercise initiative. Under the National Registration Act, position holders who have their information filed with the Accounting and Corporate Regulatory Authority…
Tripartite Partners’ New Advisory Means Better Rest Areas for Outsourced Workers Singapore’s outsourced workers can look forward to better rest areas, thanks to the recommendations by MOM, NTUC and SNEF. Who are these outsourced workers? They are the hardworking security officers, landscapers, and cleaners of Singapore. These workers should be provided with rest areas…
European Union (EU)-Singapore Free Trade Agreement (FTA) The European Union (EU) and Singapore have recently signed a landmark agreement. The EU-Singapore Free Trade Agreement (EUSFTA) signifies the shared conviction of both parties that open and global rules-based trade is the path to growth and prosperity. The FTA has finally come into force 2 days ago,…
The Asian Nation Sits Among the Elite European States for Being a Competitive Place for Talent Reaching the top ten of a world ranking is no joke for an Asian nation. But it seems that Singapore has proven it is possible. The IMD World Talent has ranked Singapore to be among the top ten most…
New Fintech Funding Plans in Singapore to Extend Beyond 2020 The Monetary Authority of Singapore (MAS) is extending new Fintech funding plans, after achieving positive results in the initial phases. MAS’s New Plans to Include Cyber Security and Artificial Intelligence AI As the first round of Fintech initiatives comes to an end after five…
Singapore Signed Agreements With the United States and China (Top 2 Trading Partners) Despite its small physical size, Singapore sits astride the strategic route between the Malacca Straits and the South China Sea. Singapore is not only an important economic powerhouse in the world, but also a bellwether for economic confidence. As a trade-reliant country,…
Singapore Retains World Bank Ranking, Coming in Second Place Behind New Zealand Singapore in 2nd place and still going strong in its World Bank ranking as the second easiest place in the world to conduct business. The city-state held strong to its ranking even with the tougher conditions fraught with tensions in trade. India and…
