A NEW roadmap to help boost the professional services sector is aiming to generate 5,500 new jobs for professionals, managers, executives and technicians (PMETs) every year from 2015 till 2020. The sector’s Industry Transformation Map (ITM) also aims to equip workers with skills in high-growth areas such as data science, analytics and artificial intelligence. The […]
Read MoreSINGAPORE’S inflation rate turned positive last year for the first time since 2014, thanks in part to stronger economic growth. But with the pace of price increases set to remain modest this year, economists are divided over the question of how soon the central bank will move to strengthen the Singapore currency. The consumer price […]
Read MoreINFLATION remained mild in 2017 despite stronger economic growth with consumer prices finishing off the year by edging up less than expected in December. For the whole of last year, consumer prices rose 0.6 per cent, reversing two consecutive years of negative inflation, while core inflation – which strips out accommodation and private road transport […]
Read MoreSINGAPORE: Singapore should remain open to adjusting levels of foreign workers while not threatening job and wage opportunities for native residents, Monetary Authority of Singapore managing director Ravi Menon (pic) said. “It is not about how many foreign workers industry wants or society can afford to have, but what number and kind of foreign workers […]
Read MoreThose in the middle 60 per cent and top 20 per cent experienced modest increases in price levels, the data from the Department of Statistics showed. The consumer price index – the main measure of inflation – rose 0.5 per cent in the second half of 2017 compared with the corresponding period in 2016. This […]
Read More[SINGAPORE] Slower rates of labour force growth in Singapore are unavoidable, the city-state’s central bank head said on Monday, and any attempt to completely offset it by increasing foreign workers is not viable. Singapore faces a problem common to many developed societies, that of an ageing resident population, but has tightened restrictions on foreign workers […]
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