SINGAPORE’S employment levels grew for the sixth consecutive quarter in Q1 2023, led by non-resident employment growth, but labour market improvements have moderated, going by advance figures from the Ministry of Manpower (MOM) on Friday (Apr 28). Retrenchments rose for the third straight quarter, even as unemployment rates stayed low. Total employment – excluding migrant […]
Read MoreSINGAPORE: Wages of Singaporeans and permanent residents 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 Monetary Authority […]
Read MorePRICES of private residential properties in Singapore increased by 3.3 per cent in the first quarter of 2023 over the previous quarter, data released by the Urban Redevelopment Authority (URA) on Friday (Apr 28) shows. The increase is a tad higher than the 3.2 per cent quarter-on-quarter (qoq) increase reflected in URA’s flash estimate for Q1 […]
Read MoreSINGAPORE manufacturers and services firms appear slightly more upbeat about business conditions in the next six months compared to the previous quarter, separate quarterly surveys showed on Friday (Apr 28). A net weighted balance of 2 per cent of manufacturing firms anticipate a favourable business situation from April to September, according to the latest release […]
Read MoreTHOUGH 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. […]
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