SINGAPORE, Aug 27 — In view of how the Covid-19 pandemic has weakened the job market, the Ministry of Manpower (MOM) is raising the minimum qualifying salary for an Employment Pass (EP) by S$600 (RM 1,832.59) to S$4,500 in a bid to encourage companies to hire more locals. In a statement on Thursday (Aug 27), MOM […]
Read More[SINGAPORE] Singapore has long been the city of choice for Western expats wanting an easy entree into Asia. Clean, efficient, with low tax rates, it’s often seen as rivalling Hong Kong, especially with that city hit by street protests and unrest over China’s new national security law. Yet just when Singapore should be a magnet […]
Read MoreECONOMISTS welcomed the Manpower Ministry’s move to tighten salary criteria for S Pass and Employment Pass (EP) holders, but bosses are concerned about the impact on costs, labour shortage and Singapore’s competitive edge. Irvin Seah, senior economist at DBS, has called for foreigners’ salary thresholds to be brought in line with the past decade’s rise […]
Read MoreSINGAPORE, Aug 27 — Three ministries and two government agencies yesterday responded to President Halimah Yacob’s opening speech for the new term of Parliament, mapping out how they intend to help Singapore weather the economic storm wrought by Covid-19 and pursue new sources of growth in this period. The Ministry of Trade and Industry (MTI), […]
Read MoreTHE beauty services industry in Singapore on Wednesday launched an industry alliance and a competency framework to tackle challenges such as attracting local talent and uplifting service standards in the beauty and wellness sectors. Comprising five trade associations brought together by Enterprise Singapore (ESG), the Beauty Services Alliance (BSA) represents about 6,000 businesses in beauty […]
Read MoreSINGAPORE factory output fell again in July, with a worse-than-expected performance dragged down in part by the return of electronics production to negative territory. Industrial production lost 8.4 per cent compared with the same period the year before, with the pace of decline increasing from the 6.5 per cent fall in June. The latest drop […]
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