[SINGAPORE] Singapore’s Minister for Trade and Industry Chan Chun Sing said the tightening in foreign worker rules announced in the Budget this week was a “surgical” move targeted at specific industries to make the labour market more sustainable. The aim is “to make sure that the Singapore foreign manpower dependency is on a sustainable trajectory”, […]
Read MoreDespite being counted among the world’s best nations for gender equality, women in Singapore are still being paid 20 per cent less than men, according to a study published on Thursday (Jan 20) by Australia-based finance site Finder. The study ranked 15 countries worldwide “commonly cited” on Google as having great gender equality – on 10 metrics, like […]
Read MoreSINGAPORE: Embracing financial technology (fintech) and the innovations it heralds will improve the long-term competiveness of Singapore’s banking industry, says S&P Global Ratings. In the report, “Singapore banks must adapt to fintech or lose out,” issued on Thursday, the rating agency’s credit analyst Ivan Tan said digital transformation is imperative for Singapore’s banking industry. “Investment […]
Read MoreSINGAPORE: Singapore’s expansionary budget for the coming year makes the central bank’s April policy decision slightly more complicated. The Monetary Authority of Singapore will need to decide whether to tighten policy in the face of steady economic growth and greater fiscal spending, or hold its stance because of growing global risks. “The case for further monetary policy tightening is diminishing,” with weaker economic […]
Read MoreCAPITALAND, which is planning to launch two Singapore residential projects this year, does not expect to actively look for opportunities in the sector unless it can get “good pricing”, said the group’s chief executive and president, Lee Chee Koon. Speaking at a briefing after the group released its fourth-quarter results, he said: “As a company, CapitaLand, given […]
Read MoreA large majority of scams committed in 2018 were e-commerce scams, and a whopping 70 per cent of those took place on Carousell, the Singapore Police Force said in its 2018 Annual Crime Brief on Wednesday (Feb 20). SPF said that 2,125 cases of e-commerce scams were reported last year – an increase of 218 cases […]
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