Empowering the Workforce: Singapore Employers Must Process All Flexible Work Requests from December Starting in December, every Singapore employer must process all flexible work requests. Minister of State for Manpower Gan Siow Huang stated that Singapore’s tight labour market and growing number of retirees who need caregiving are among the main reasons for implementing flexible…
Singapore Introduces New Grant of up to S$10,000 for Heartland Businesses Singapore’s heartland businesses now have the opportunity to revitalise their communities through innovative placemaking initiatives. The newly introduced Heartland Enterprise Placemaking Grant (HEPG) aims to support projects such as community engagement activities, public art installations, workshops, and thematic festivals. Minister of State for Trade…
Singapore Widens the Scope of Career Conversion Programmes Singapore’s Ministry of Manpower (MOM) has announced significant enhancements to the Career Conversion Programme (CCP). Effective from April 1, employers will benefit from increased salary support for hiring of mid-career workers and upskilling of existing employees. Upgraded Funding Assistance Under the revamped CCP scheme, employers can…
Significant Investments to Singapore Deemed as Critical Entities Will Be Reviewed Under New Bill Singapore recently joined 37 other countries in reviewing its investments in the country to ensure it manages significant investments into critical entities. Major nations such as China and the UK have been reviewing investments in their country to ensure essential businesses…
Singapore and MERCOSUR Bloc Sign Free Trade Agreement (FTA) Singapore and the MERCOSUR Bloc trade coalition signed an FTA, marking Singapore’s inaugural FTA with the MERCOSUR group and member countries. The MERCOSUR Bloc trade coalition comprises Uruguay, Brazil, Argentina, and Paraguay. The FTA agreement was signed to catalyse trade, as more than 100 Singaporean companies…
Cross-Border QR Between Singapore and Indonesia Launched: Enhancing Financial Connectivity Bank Indonesia (BI) has initiated a trial connecting its QR-based payment system with Singapore’s. This move involving QR Between Singapore and Indonesia follows BI’s agreement with the Monetary Authority of Singapore last year. The QR code integration is achieved through the joint efforts of industry…
Singapore Takes the Lead: Best City in Asia for Expatriates Singapore has claimed the top spot as the best city in Asia for expats in Mercer’s latest 2023 Quality of Living survey. This recognition underscores the city-state’s appeal to international professionals and solidifies its standing at 29th place globally. Consistent Excellence Singapore’s consistent performance…
Singapore’s Rising as a Premier Remote Work Destination: Reaches 28th in the World Singapore has become a top-tier remote work destination, claiming the 28th spot in NordLayer’s Global Remote Work Index (GRWI). This annual report assesses countries based on key criteria, including cyber safety, economic safety, digital and physical infrastructure, and social safety. Digital…
Singapore Economy Can Increase By Up to 3% in 2024: Reports Singapore’s economy anticipates a growth ranging from 1% to 3% in 2024. A recent report by the Ministry of Trade and Industry (MTI) reveals the city-state’s robust third-quarter gross domestic product (GDP) growth of 1.1% year-on-year, surpassing both advance estimates and analysts’ expectations. …
Singapore Third in Asia and Tenth in the World in the Number of Unicorn Startups A new analysis of the global unicorn landscape reveals Singapore’s prominence as a producer of high-value unicorn start-ups. According to a recent study by FOREX.com and CB Insights, Singapore secures the 10th spot globally and 3rd in Asia. The country…
