SINGAPORE (BLOOMBERG) – Singapore’s resilient labour market is starting to come under strain as the trade-reliant economy struggles in the face of global pressures. Retrenchments are rising, companies are more cautious raising wages, and it’s getting harder for those who lose their jobs to find new work. While the central bank is optimistic of some […]
Read MoreSingapore has retained its place as second best on a World Bank ranking for the world’s easiest place to do business even as the overall pace of reforms in the East Asia and Pacific region slows. According to the World Bank Group’s latest Doing Business 2020 study, economies in the East Asia and Pacific region carried […]
Read MoreSINGAPORE’S benchmark private residential property price index rose 1.3 per cent in the third quarter of 2019 over the second quarter, faster than the 0.9 per cent increase shown in the flash estimate released on Oct 1, according to the latest data from the Urban Redevelopment Authority (URA) on Friday. In Q2 this year, the […]
Read MoreSINGAPORE: Hong Kong’s political turmoil has prompted some capital to move to Singapore though there hasn’t been a flood of inflows from the former British colony, according to Singapore’s central bank. The city state’s banks have seen an uptick in those inquiring about how to re-allocate assets, which is reasonable to expect, Ravi Menon, managing […]
Read MoreSINGAPORE: Asia is bracing for the latest U.S. Treasury report on foreign currency manipulators, coming in the middle of a trade war that shows no sign of ending. The twice-yearly report is due in coming weeks and will likely see the return of Singapore, Malaysia and Vietnam on the watchlist. The three Southeast Asian nations […]
Read MoreOVERALL unemployment in Singapore crept up in the third quarter of this year to the highest level since 2009, as more workers were retrenched. At the same time, employment growth shot up to the highest level since 2014. This was the mixed picture painted by the latest preliminary figures on jobs released by the Ministry […]
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