Category: Business

Experts advocate for tax reliefs and subsidized salaries to encourage employers to invest in employee training.SINGAPORE: Increasing SkillsFuture funding will encourage workers to select courses that enhance their careers, rather than opting for more affordable options, experts say. They also emphasize the need for incentives to motivate employers to enroll their staff in longer, more …

Deputy Prime Minister outlines strategies for inclusive growth amidst global uncertainties.SINGAPORE: Deputy Prime Minister Lawrence Wong assured Singaporeans that the Government will “redouble” its efforts to develop and support workers while keeping the economy open. Speaking at the Singapore Economic Policy Forum on Tuesday (Oct 18), Mr Wong discussed Singapore’s strategy to maintain economic growth …

Singapore ranks ninth globally in retirement income systems, prompting calls for reforms to enhance accessibility.In a recently published ranking of retirement income systems worldwide, Singapore achieved the highest score in Asia and ranked ninth overall. Meanwhile, Japan and Malaysia demonstrated the most significant improvements in their retirement income systems, according to the 14th annual Mercer …

Homeowners face increased repayment obligations as DBS raises its loan interest rates to a maximum of 3.85%.SINGAPORE: Homeowners who chose DBS loans for their mortgages are in shock following the announcement that DBS, along with other major local banks including OCBC and UOB, will raise their housing loan interest rates to a maximum of 3.85% …

As demand for tech talent outstrips supply in Asia, job seekers with relevant skills remain highly sought after despite ongoing sector volatility.SINGAPORE: As economic uncertainty looms, tech companies have significantly reduced their workforce this year. Analysts argue that these layoffs, including those at Shopee, are necessary for the industry's long-term health.Major companies like Netflix, PayPal, …

A closer look at the downfall of AAQUA and its impact on its workforce.“The culture at AAQUA was so welcoming and encouraged innovation, all fully supported by the CEO, Robert (Bonnier). This all sounds like your dream job, right? Yeah. I thought so too,” sighs Olivia, who is in her 30s and one of the …

Examining the dynamics of quiet firing and its implications for employees and managers alike.‘Quiet quitting’ may be the hottest term on most people’s lips, but ‘quiet firing’ is quietly making its rounds, evidenced by numerous posts on LinkedIn and Twitter. Packaged as a subtle strategy to dismiss an employee, quiet firing is a newly coined …

This is the Prime Minister's inaugural official visit to Singapore since taking office in 2021.SINGAPORE: Laos Prime Minister Phankham Viphavanh will embark on his first official visit to Singapore from Tuesday (Sep 27) to Wednesday, at the invitation of Prime Minister Lee Hsien Loong. He will be joined by his wife, Mrs. Sichanh Viphavanh, along …

The Sea Ltd. co-founder outlines strategic financial adjustments, including economy travel for business and budget-friendly local transport options, to steer the company towards self-sufficiency.In August of last year, Forrest Li held the title of Singapore's richest individual, with a net worth of S$26.6 billion, according to the Bloomberg Billionaires Index. However, by May of this …

Experts highlight Treasury bills and short-term government securities bonds as viable low-risk investment options alongside fixed deposits and Singapore Savings Bonds.SINGAPORE: As interest rates on fixed deposits rise, many investors are drawn to these safe returns, with some customers enduring long waits to secure attractive promotional rates offered by various banks.While investing in fixed deposits …