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Study by the Ministry of Trade and Industry shows young firms added more to net jobs than maturing, old ones for 2009-2016 period

Published Tue, Aug 14, 2018 · 03:09 AM
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Singapore

YOUNG firms contributed more than maturing and old firms to net job creation over the period of 2009-2016, found a study by the Ministry of Trade and Industry (MTI).

Specifically, young firms - described as those five years and below - contributed 2.7 percentage points to the average annual net employment growth of 2.3 per cent over the period. This compares with the combin…

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