SINGAPORE, July 23 — Singapore has managed to keep unemployment rates relatively low so far through traineeship and job matching programmes, in spite of the devastating impact of the Covid-19 pandemic. However, it may have to consider instituting some form of unemployment benefits if this approach fails and Singapore ends up with high structural unemployment over […]
Read MoreSINGAPORE – Without the support of residents, many of Singapore’s favourite eateries, shops and leisure activities may not survive the coming months. This appeal is the basis of a $45 million campaign to drive local spending as the Republic gradually reopens its economy amid a pandemic, recession and tourist drought. In store are packages and […]
Read MoreDIVIDEND cuts by Singapore banks may happen “as early as” the upcoming payout to be announced in the second quarter, with the regulator reviewing banks’ capital plans amid prolonged economic uncertainty, said DBS Group Research in a report this week. The Monetary Authority of Singapore (MAS) said last Thursday it is in close discussions with […]
Read MoreSINGAPORE – More muscle to prevent unsuitable individuals from working in the finance industry and strengthen the framework for technology risk management are among the new proposals made by the Monetary Authority of Singapore (MAS) to deal with risks that can undermine the financial sector. It issued a consultation paper proposing such enhanced powers on […]
Read MoreTHE Monetary Authority of Singapore (MAS) is proposing new laws that will give it more teeth to regulate financial services in the Republic amid emerging risks, such as those brought on by the wider provision of digital services. The additional powers proposed will allow the central bank to impose on financial institutions certain requirements to […]
Read MoreSINGAPOREANS’ headline inflation expectations for the year ahead declined slightly to 3 per cent in a June poll, down from 3.1 per cent in March, according to findings of the latest quarterly survey for the Singapore Index of Inflation Expectations (SInDEx) released on Monday by DBS and the Singapore Management University (SMU). The June figure was […]
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