Category: Business

While families and young couples benefit, singles remain largely sidelined in the latest fiscal measures.SINGAPORE — For many single Singaporeans, the recent Budget 2023 announcement felt like a missed opportunity, especially as Finance Minister Lawrence Wong referred to it as a "love letter" to the nation. However, singles across the island were left wondering if …

Lee Kuan Yew’s daughter urges Singaporeans to remember his contributions without creating a personality cult.SINGAPORE — The Singapore government recently announced initiatives to commemorate the 100th birth anniversary of the nation’s founding Prime Minister, Lee Kuan Yew, including the release of a commemorative coin and various exhibitions. In Parliament on February 7, Minister for Manpower …

Amid inflation and price hikes, minimart owners like Jessie Lim face tough decisions to stay afloat.SINGAPORE: As residents in Jurong East bustle past Hock Ghee Seng Mart, a small minimart tucked in a busy HDB void deck, shop owner Jessie Lim juggles the daily challenges of running a family business amid rising costs. The shop, …

As the global talent race intensifies, it is crucial for Singapore to foster an environment where returning professionals can seamlessly reintegrate into society.SINGAPORE: With an increasing number of Singaporeans seeking new growth opportunities abroad, the challenge now is to ensure they stay connected to their roots and eventually return to share their expertise. As global …

Experts predict GST hike will proceed as scheduled, but more targeted support for the vulnerable is expected.SINGAPORE: As the cost of living continues to be a pressing issue, Singapore’s Budget 2023, to be unveiled on February 14, is expected to include more measures aimed at assisting the most vulnerable groups impacted by rising inflation. Experts …

A potential lifeline for retrenched workers.SINGAPORE — Retrenched workers may soon benefit from unemployment support as part of this year's national budget, set to be unveiled on February 14.According to a report, economists suggest that the support may be limited to a specific period of unemployment and targeted primarily at vulnerable workers. This type of …

Transitioning from CEO of Business China to the tech giant.SINGAPORE — Member of Parliament (MP) Tin Pei Ling has officially taken on the role of Director of Public Affairs and Policy at Grab Singapore, as confirmed by the tech company in a statement on Wednesday (February 1).“Pei Ling brings a profound understanding of the digital …

Paving the Way for Energy CollaborationSingapore will begin importing 100 megawatts (MW) of electricity from Malaysia as part of a groundbreaking two-year trial, following a joint agreement between YTL PowerSeraya and TNB Genco. This initiative marks the first time electricity will be commercially supplied from Malaysia to Singapore.The announcement, made on January 30, highlights that …

2022 saw a significant increase in inflation rates compared to previous years, highlighting ongoing economic pressures.SINGAPORE: Singapore's core inflation in December remained steady at 5.1% for the third consecutive month, according to official data released on January 25. This figure slightly surpasses the 5% forecast provided by a Reuters poll of economists.The increase in inflation …

Concerns over escalating rental costs amid Singapore's economic recovery and housing supply issues.SINGAPORE: 2022 was a year when property prices, including rent, increased significantly, and it appears that 2023 will follow suit. Rent rose by more than 20 percent last year and is projected to rise by another 10 to 15 percent this year, according …