SINGAPORE (BLOOMBERG) – Singapore’s larger companies created more jobs last year than small and medium-sized businesses for the first time since 2013 as the economy struggled in the face of sluggish domestic demand and a slump in global trade. Bigger companies – defined as those with annual revenue exceeding S$100 million or employing more than […]
Read MoreSINGAPORE – The ratio of Singaporeans to foreign workers can be adjusted to help businesses address manpower and cost issues without hurting the country’s push for improved productivity and upskilling. This view came front and centre at a post budget panel discussion organised by the Association of Small and Medium Enterprises (ASME) on Tuesday (March […]
Read MoreSINGAPORE (Xinhua) – Singapore’s retail sales increased by 2.0 per cent in January year-on-year, said the Department of Statistics Singapore (SingStat) on Friday. On a month-on-month basis, retail sales decreased 1.5 per cent in January 2017, SingStat added. Excluding motor vehicles, retail sales decreased 1.3 per cent. The total retail sales value in January 2017 […]
Read MoreThe Monetary Authority of Singapore (MAS) is looking at using distributed ledger technology (DLT) – better known as blockchain technology – in settlements for bond trading and cross-border payments. The central bank plans to test the technology in the bond trading and settlement cycle to make the process more efficient, in a project to be […]
Read MoreSC Capital Partners (SCCP), a Singapore-based real estate and private equity investment firm, has teamed up with a Sri Racha- based developer to launch a high-end condo in Sri Racha worth 3.2 billion baht to tap growing demand from the Eastern Economic Corridor (EEC). SCCP chairman Suchad Chiaranussati said the EEC megaproject will create a […]
Read MoreSingapore’s private sector business activity growth eased again in February to its slowest in four months, according to a survey released yesterday. Notably also, private sector businesses were the most pessimistic in the near five-year history of the survey, with the downbeat sentiment attributed to slowing economic conditions, global geopolitical uncertainties and low growth in […]
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