SINGAPORE: Rapid technological disruption in recent years has caused disruption and decimation of jobs across industries, but it has also created new ones. The Covid-19 crisis has hastened the changes. Reskilling has greater exigency than ever – and this is true for workers of all ages. Job seekers who were displaced now will likely have […]
Read MoreSINGAPORE’S economy appears on track to shrink 6 per cent in 2020, although unemployment could rise further by year-end, according to private-sector economists polled by the Monetary Authority of Singapore (MAS) in a quarterly survey. This latest forecast for full-year gross domestic product (GDP) is unchanged from September’s Survey of Professional Forecasters. However, respondents now […]
Read MoreSINGAPORE recorded the highest average fit-out cost for offices across South-east Asia at US$112 per square foot (psf), Cushman & Wakefield said on Tuesday. This was despite the city-state’s average cost already falling from US$115 psf a year ago, according to the real estate services firm’s analysis for 2020-2021. Mechanical and engineering works made up […]
Read MoreSINGAPORE will continue working with like-minded partners to uphold and update an open and inclusive global trade architecture, said Minister for Trade and Industry Chan Chun Sing on Tuesday. In addition to developing digital economy and free trade agreements, Singapore will re-establish its Covid-disrupted links with the rest of the world, and strengthen other dimensions […]
Read MoreA S$12 million (US$9.0 million) programme has been launched to strengthen Singapore’s blockchain ecosystem and facilitate the development, commercialisation and adoption of blockchain technology for real-world applications. The Singapore Blockchain Innovation Programme will engage close to 75 companies including multi-national corporations, large enterprises and info-communications technology companies to conceptualise 17 blockchain-related projects within the next […]
Read MoreSINGAPORE – The income of Singaporeans and permanent residents took a hit not felt since 2004 because of the Covid-19 pandemic, according to advance estimates released by the Ministry of Manpower (MOM) on Thursday (Dec 3). The nominal median income for residents – that is, Singaporeans and PRs – dipped by 0.6 per cent to $4,534 over the year to […]
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