THOUGH economic conditions have become gloomier, firms should press on with transforming for productivity, said Singapore National Employers Federation (SNEF) president Robert Yap in his May Day Message on Thursday (Apr 27). He noted that while Singapore’s economic growth and labour market improved – employment grew while unemployment and retrenchment fell – in 2022, productivity […]
Read MoreSingapore | Singapore is raising property taxes to cool its red-hot housing market, amid mounting concern that an influx of wealth into the city-state is hurting affordability for locals and its competitiveness as a financial hub. The government is increasing stamp duties for second home buyers and foreigners purchasing private property, it said in a statement. […]
Read MoreSINGAPORE – Wages of Singaporeans and permanent residents (PRs) are likely to go up at a slower pace in 2023 as workers continue to enter the country and overall demand for labour softens as the economy slows. But while wage growth is expected to ease further, it will stay above its historical average, said the […]
Read MoreSINGAPORE’S manufacturing output contracted less than expected in March, but economists expect the industry’s slump to continue for at least the first half of 2023. Industrial production fell 4.2 per cent year on year in March, marking the sixth straight month of contraction, according to data from the Singapore Economic Development Board (EDB) on Wednesday […]
Read MoreUNCERTAINTY and financial stability tail risks have increased both globally and in Singapore with the rise in global interest rates, the Monetary Authority of Singapore (MAS) said in its half-yearly macroeconomic review on Wednesday (Apr 26). But it added: “For now, the swift and proactive response by policymakers to emerging vulnerabilities has been sufficient in […]
Read MoreThe central bank said supply and demand imbalances in the rental market “have already started to ease and will continue to do so progressively through this year”. SINGAPORE: Home rental pressures may ease in the coming months because of a “significant” supply of new housing units, said the Monetary Authority of Singapore (MAS) on Wednesday […]
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