Singapore

August 24, 2020

Bilateral agreements have not jeopardised employment opportunities for Singaporeans: Heng Swee Keat

[SINGAPORE] Bilateral agreements that Singapore signed with other countries have not jeopardised employment opportunities for Singaporeans, Deputy Prime Minister Heng Swee Keat said on Sunday. Responding to criticisms about how free trade agreements or comprehensive economic cooperation agreements had caused Singapore to “sign away important protection for Singaporean (jobs)”, Mr Heng said that such a […]

August 21, 2020

More Singapore firms set to adopt fintech to boost efficiency: CPA poll

ABOUT 73 per cent of Singapore businesses expect to use at least one fintech product or service in the next 12 months, compared with 67 per cent in the past 12 months. This comes as businesses are looking to improve their operational efficiencies, according to findings from a new regional survey by global professional accounting […]

August 20, 2020

Singapore: More workers take wage cuts in July, dragged down by construction sector

NEARLY 23,000 workers were affected by plans to slash business costs in July, led by a spike in the construction sector, according to Ministry of Manpower (MOM) data out on Thursday. The latest wage cuts take the number of affected workers to 224,800 for the period March 12 to end-July, although the volume of cost-saving […]

August 20, 2020

Singapore vehicle COE prices close mostly higher in latest bidding

SINGAPORE, Aug 20 — Certificate of Entitlement (COE) prices closed mostly higher at the end of the latest bidding exercise yesterday. Premiums for small cars (up to 1,600cc & 97kW) went up by 8.21 per cent to S$35,710 (RM109,391). Large cars (above 1,600cc or 97kW) saw premiums go up from S$37,102 in the previous bidding […]

August 20, 2020

Singaporeans working from home more stressed out than frontliners, survey shows

SINGAPORE, Aug 20 — During the Covid-19 pandemic, Singaporeans working from home have faced higher stress levels compared to frontliners, while women and youth are feeling the negative impact of the pandemic more significantly. This is based on findings from two separate surveys. The surveys, released by the National University Health System (NUHS) Mind Science […]

August 20, 2020

Covid-19 widens wage gap in Singapore, as lower income groups suffer more severe salary cuts, DBS study shows

SINGAPORE, Aug 19 — The Covid-19 pandemic has worsened wage inequality in Singapore with the lowest-income groups suffering the sharpest drops in their salaries. This is a finding from a DBS study released yesterday which looked at the incomes earned by 1.2 million of its retail customers — Singapore citizens and permanent residents aged 25 to […]

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