Singapore

June 18, 2020

Attachments and traineeships being secured to help Singaporeans get hired, as jobs cannot be left to market forces: Tharman

SINGAPORE – Unemployment will rise significantly over the next year and even beyond if the issue of jobs is left to market forces. That is why the Government is working with the private sector to get Singaporeans hired through temporary assignments, attachments and traineeships now, said Senior Minister Tharman Shanmugaratnam on Wednesday (June 17). This way, people can get […]

June 18, 2020

Singapore: 14 digital bank applicants to progress to next stage of assessment: MAS

THE Monetary Authority of Singapore (MAS) on Thursday said that 14 out of the 21 digital bank applications will progress to the next stage of assessment. This was after they had met the eligibility criteria. Five of the 14 are digital full bank applicants, while nine are digital wholesale bank applicants. The central bank and […]

June 17, 2020

Singapore NODX falls 4.5% in May on decline in non-electronics exports

NON-OIL domestic exports (NODX) in Singapore finally succumbed to the Covid-19 pandemic to post a 4.5 per cent drop year on year in May, after four straight months of growth. The fall, following a 9.7 per cent rise in April, was due mainly to a decline in non-electronics exports. Month on month, NODX also posted […]

June 17, 2020

Singapore remains one of the easiest places to do business in: TMF Group report

SINGAPORE – The Republic is second in Asia in terms of the ease of doing business here, according to a report by professional services firm TMF Group released on Wednesday (June 17). The Global Business Complexity Index studied 77 jurisdictions across the world, based on indicators such as legislation, accounting procedures, tax regimes and human […]

June 17, 2020

Singapore retains top spot as world’s most competitive economy

SINGAPORE – Singapore has retained its top spot as the world’s most competitive economy in the latest edition of the IMD World Competitiveness Ranking. The Republic held on to the top slot for a second straight year in the annual list of 63 economies, which analyses their ability to generate prosperity. Making up the top five […]

June 16, 2020

Cargo ship calls at Singapore hub plummet to 27-year low, marine fuel sales fall

SINGAPORE (REUTERS) – Cargo ship arrivals in Singapore, the world’s top transhipment and bunkering hub, plummeted to their lowest in nearly three decades in May, while dragging sales of marine fuels to a three-month low, official data showed. As the coronavirus pandemic hit global trade, the number of cargo ships calling at the Southeast Asian […]

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