SINGAPORE – Many lower-paid workers continue to be employed during the circuit breaker period as they are engaged in essential services, said Manpower Minister Josephine Teo. Her remarks came in response to questions about how low-wage staff members were coping given total employment fell by the sharpest margin ever in the first quarter compared with the last […]
Read MoreSINGAPORE, June 15 — Economists expect Singapore’s economy to shrink by 11.8 per cent in the second quarter and 5.8 per cent this year, which would be the worst recession to hit Singapore if it were to come to pass. This latest forecast, published in a quarterly survey by the Monetary Authority of Singapore (MAS), […]
Read MoreSINGAPORE, June 15 — Singapore will allow small gatherings and the reopening of restaurants and shops from June 19, its health ministry said today, in a major easing of the city-state’s coronavirus restrictions. Social gatherings of up to five people will be permitted from Friday, when the majority of activities resume after more than two […]
Read MorePRIVATE-SECTOR economists expect Singapore’s full-year gross domestic product (GDP) to decline by 5.8 per cent in 2020, with an 11.8 per cent year-on-year contraction in the second quarter, according to findings from the latest Monetary Authority of Singapore (MAS) survey of professional forecasters released on Monday. The Covid-19 pandemic has sent expectations south since the […]
Read MoreSINGAPORE – The fall in the number of people employed here as at end-March compared with the end of last year was the largest decline recorded and there’s worse to come, the Ministry of Manpower said on Monday (June 15). The number of people working, excluding maids, fell by 25,600 in the three months to […]
Read MoreMORE than 95,000 employers in Singapore will receive over S$450 million in payouts by the end of this month under the Wage Credit Scheme (WCS), the Ministry of Finance (MOF) and the Inland Revenue Authority of Singapore (IRAS) announced in a joint statement on Thursday. “The Wage Credit Scheme co-funds wage increases given by employers to Singaporean […]
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