SINGAPORE will take the upcoming slowdown in its stride, Prime Minister Lee Hsien Loong said in his annual National Day Message on Thursday night. Notwithstanding slowing economic growth, weaker global demand and trade, and the worldwide electronics down-cycle, other parts of the economy are doing well, he said. “We have experienced such slowdowns before, and […]
Read MoreSINGAPORE: Singapore’s economy is expected to have contracted almost 3% in the second quarter, a slight improvement from advance estimates but reaffirming the risk of a possible recession as the trade and manufacturing sectors struggle. Final gross domestic product is forecast to have fallen 2.9% on a seasonally adjusted and annualised quarter-on-quarter basis, a Reuters […]
Read MoreSINGAPORE: Singapore was among the bottom 10 for work-life balance and ranked the second most overworked city in a study of 40 cities released on Wednesday (Aug 7). The study by tech company Kisi showed Singapore came in 32nd among the 40 cities on the list for work-life balance. Helsinki nabbed the top spot, followed by Munich, Oslo, Hamburg […]
Read MoreRETAIL takings plunged in June compared to a year ago on the back of poor motor vehicle sales, resulting in a fifth straight month of decline. The latest release by the Department of Statistics found that Singapore’s retail sales fell by 8.9 per cent in June – steeper than the 3.7 per cent drop forecast […]
Read More“Honestly, to me, it’s still a miracle that we have an office here with that view. From that two-storey house in Jakarta, I never thought we’d get here,” says Raditya Wibowo. Mr Wibowo is the global head of transport at GoJek. As one of the early employees of the firm, he has seen the company grow from […]
Read MoreALL financial services and e-payment firms in Singapore must follow a set of cyber hygiene rules from August next year with Singapore’s central bank stepping up efforts to strengthen the sector’s defense against rising threats. The Monetary Authority of Singapore (MAS) announced the mandatory rules on Tuesday, saying the sector will be more exposed to […]
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