THE Ministry of Manpower (MOM) is temporarily lifting some work permit renewal and other conditions to ease the labour crunch in the construction, marine shipyard and process (CMP) sectors amid Covid-19 border closures. Experienced construction workers whose work permits have been terminated will also be given a 30-day window to find new jobs – rather […]
Read MoreSINGAPORE has upgraded its trade forecasts for the third time this year, on the back of strong second-quarter growth in sectors such as electronics and petrochemicals. Non-oil domestic exports (NODX) could grow by 7 per cent to 8 per cent year on year in 2021, trade agency Enterprise Singapore (ESG) said in a review on […]
Read MoreECONOMISTS were unsurprised by the upward revision of Singapore’s official full-year growth forecast on Wednesday, with most of their own maintained forecasts falling within the new 6 to 7 per cent range announced by the Ministry of Trade and Industry (MTI), up from 4 to 6 per cent previously. While manufacturing is expected to remain […]
Read MoreSINGAPORE is the fourth-most expensive Asian construction market to build in, as the industry deals with a shortage of skilled labour and high materials costs. Against this backdrop, tender prices here are expected to remain volatile for the rest of 2021, the latest Turner & Townsend’s International Construction Market Survey 2021 showed. Tender prices could […]
Read MoreINVESTMENT commitments secured for Singapore in the second quarter of 2021 amounted to S$3.6 billion in fixed asset investment (FAI) and S$1.4 billion in total business expenditure (TBE), according to the latest Economic Survey of Singapore released on Wednesday morning. The figures refer to investment commitments garnered by the Singapore Economic Development Board. When these […]
Read MoreSINGAPORE condominium resale volumes rebounded in July after falling for two consecutive months. Overall prices meanwhile, continued to climb, according to flash figures from SRX Property on Tuesday. Gains in overall resale volumes and prices were driven by demand for condos in the suburban or outside of central region (OCR). The OCR had contributed to […]
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Thailand
