BUSINESS optimism in Singapore’s manufacturing and services sector continues to rise, with more firms seeing better conditions in the six months ahead, according to quarterly surveys released on Friday. In the manufacturing sector, a net weighted balance of 38 per cent of firms expect favourable business conditions for the six-month period from April to September, […]
Read MoreSINGAPORE – The labour market has continued its recovery from the impact of the Covid-19 pandemic in the first three months of the year, latest manpower estimates showed on Wednesday (April 28). Total employment grew for the first time since the start of the pandemic in the first quarter of the year, led mostly by the services […]
Read MoreTHE Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) on Thursday announced the linkage of both countries’ real-time retail payment rails to facilitate faster and cheaper cross-border transfers. The linkage of Singapore’s PayNow and Thailand’s PromptPay is the first instant cross-border payments infrastructure to be established globally, tackling key pain points such […]
Read MoreSINGAPORE: Singapore’s economy has almost recovered the output lost during the first half of 2020, although its growth momentum eased in the first quarter of this year. But while the outlook for Singapore’s economy has improved, projected growth outcomes across sectors have become even more lopsided than previously predicted, the Monetary Authority of Singapore (MAS) […]
Read MoreSINGAPORE, April 28 — For the first time since Covid-19 struck, the total number of people in employment in Singapore — excluding foreign domestic workers — has expanded after four straight quarters of declines, early estimates from the Ministry of Manpower (MOM) showed. Unemployment rates have also eased, although they remain “far from pre-pandemic levels”, […]
Read MoreSINGAPORE, April 28 — Even though Singapore’s economic growth this year is expected to exceed the official four to six per cent forecast, the outlook for sectors worst-hit by the Covid-19 pandemic has deteriorated. The worsening prognosis for these sectors, which include aviation and tourism, comes amid a global surge in Covid-19 cases and the […]
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