SINGAPORE has recorded its first month-on-month decline in international arrivals since the Covid-19 pandemic hammered global travel early last year. Some 23,150 visitors showed up in January, according to Singapore Tourism Board (STB) data – down by 98.6 per cent on the 1.69 million guests in the year-ago period. The latest figure marks a 3.6 […]
Read MoreSINGAPORE’S bank lending rose for the third straight month in January on higher loans to businesses, data from the Monetary Authority of Singapore (MAS) showed on Monday. Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – climbed 0.7 per cent to S$683.59 billion in January, […]
Read MoreSINGAPORE – Development charges (DC) for commercial land have decreased, while residential rates have risen with the largest increases in prime areas such as Orchard Boulevard, Stevens Road, River Valley Road and Bukit Timah Road. DC rates for commercial land use were adjusted down by 1.5 per cent on average in the latest half-yearly review […]
Read MoreSINGAPORE will need 1.2 million additional digital workers by 2025 – a 55 per cent increase from today’s levels – to remain competitive, according to a new report commissioned by Amazon Web Services (AWS). This translates to 23.8 million digital skill trainings from 2020 to 2025, said the report, which noted that digitally skilled workers […]
Read MoreSINGAPORE – Workers and employers in the retail sector have welcomed the progressive wages being studied by the Government. But some retailers may find it harder to implement a progressive wage model (PWM) than others. “We reckon the PWM when implemented may impact heartland shops more as they may not be able to compete,” said Singapore Retailers […]
Read MoreHEADLINE inflation returned to positive territory in the new year, with all-items consumer prices in Singapore rising 0.2 per cent year on year as car costs and rentals went up. The increase in prices, which was in line with private economists’ estimates in a Bloomberg poll, was the first reading above zero since last February. […]
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