SINGAPORE-based e-commerce and gaming firm Sea Ltd is cutting fewer than 500 jobs at its Indonesian unit Shopee, Bloomberg News reported on Friday, as part of a broader wave of cuts to control ballooning losses. The latest layoffs affect full-time and contract workers in Shopee’s customer service team, the report said, citing a person familiar […]
Read MoreSINGAPORE: Private sector economists have raised slightly their forecast for Singapore’s economic growth in 2023, with the pace seen accelerating to 2.5% in 2024, according to a Monetary Authority of Singapore (MAS) survey. Most of the 21 economists and analysts who participated in the quarterly survey believe robust growth in China, underpinned by economic reopening […]
Read MoreSINGAPORE – Headline inflation appears to have hit its peak and central banks have slowed interest rate rises but there are still “some ways to go”, noted Singapore’s central bank chief on Thursday. Monetary Authority of Singapore managing director Ravi Menon said expectations by some that rate rises will end soon or even start to […]
Read MorePRIVATE-SECTOR economists barely changed their overall 2023 estimates for Singapore in a quarterly survey on Wednesday (Mar 8), with a full-year growth forecast of 1.9 per cent, up marginally from 1.8 per cent in the previous survey. Their core inflation forecast edged up to 4.1 per cent from 4 per cent before, while their headline […]
Read MoreSINGAPORE – The guys often depicted as gawky geeks in movies got the last laugh in recent years – and probably all the way to the bank. Competition for tech talent drove up salaries in the sector in Singapore last year, though the rise of artificial intelligence (AI) may reshape the types of skills in demand. […]
Read MoreINDIVIDUALS seeking permanent-resident (PR) status via Singapore’s Global Investor Programme (GIP) must soon invest more: at least S$10 million in a business or S$25 million in an approved fund. Those establishing family offices must deploy and maintain at least S$50 million in any of the four investment categories. The changes take effect on Mar 15 […]
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