Nearly half of firms in Singapore plan to cut hirings, but hardly any lay-offs reported: poll

WHILE jobs so far are not a big casualty of the Coronavirus pandemic, with hardly any lay-offs reported, close to half of the employers polled in a survey in the first half of March planned to reduce spending on hirings this year.

Singapore firms to cut hirings while increasing training, flexi-work arrangements: poll

CLOSE to half of 232 firms in Singapore polled last month planned to reduce spending on hiring, while some (12 and 13 per cent respectively) increase budgets for training and flexible work arrangements to cope with the fallout of the coronavirus outbreak.

NWC unveils wage cut guidelines to sustain businesses, jobs amid Covid-19 outbreak

IF WAGES have to be cut at all because company bottom lines have been hit by the virus outbreak, the National Wages Council (NWC) recommends that the cut be made in the Monthly Variable Component (MVC).

National Wages Council recommends lower MVC or 10% of basic pay, if cuts needed

IF wages must be cut, the National Wages Council (NWC) is recommending that the Monthly Variable Component (MVC) be adjusted downwards, the extent of which hinges on the company's situation and any key performance indicators or guidelines agreed with unions.


Baring All With Sapphire

Is the transparent sapphire case the next coveted feature of watches?


Public sector to create 10,000 new jobs over the next year

THE public sector will take the lead to create about 10,000 jobs in the next year while the government will co-share with the private sector the costs of providing 8,000 trainee places for first-time local job-seekers.

Will Supplementary Budget 2020 top the S$20.5 billion Resilience Package in Budget 2009?

Economists have tipped that the Supplementary Budget to be presented today (March 26) will roll out a rescue package in the region of S$14 billion to S$20 billion to save jobs and businesses hit by the mounting fallout of the coronavirus outbreak.


Virus outbreak: More support for hard-hit sectors in Singapore

MORE support is being extended to sectors hit hardest by the fallout of Covid-19 outbreak as the government sees a "subdued" labour market in 2020.

Employment growth slowed in Q4, 2020 outlook 'a lot more uncertain': MOM

EMPLOYMENT growth slowed in the final quarter of 2019 though it held up well for the full year, according to the Ministry of Manpower's (MOM) Labour Market Report 2019


EP minimum salary goes up to S$3,900 from May 1 this year

FROM May 1, the monthly minimum salary for the Employment Pass (EP) will rise from S$3,600 to S$3,900 to keep up with the improving pay of fresh graduates from local autonomous universities.


Firms that hire and train mid-career and older workers to get S$2 billion in govt help

A LOT is asked of employers in hiring and training more mid-career and older workers in Budget 2020, but they will receive fair support - to the tune of around S$2.0 billion in total, Manpower Minister Josephine Teo has announced.

Head Start

Ahead of major watch shows, luxury brands are already rolling out their new timepieces.

Watches on Show

LVMH Watch Week Dubai rolls out the latest from the group’s watchmaking brands.


US firms still have confidence in Singapore as a business hub despite Covid-19

AN ONLINE poll among members of the American Chamber of Commerce in Singapore has found that the country's biggest investors, the US multinational corporations, are impressed with how the Coronavirus outbreak has been handled here.

Chan Chun Sing repeats call to landlords, banks to pass on budgetary support

TRADE and Industry Minister Chan Chun Sing on Wednesday repeated the government's call to landlords of commercial buildings, and banks to pass on the Budget 2020 support and reliefs to tenants and small and medium-sized enterprises (SMEs).

Budget could cut prejudice against hiring older workers

THE slew of government budgetary measures rolled out on Tuesday to boost jobs for mid-career and older workers can do more than just make these workers cheaper to hire.


Income inequality falls to lowest in nearly two decades

INDIVIDUALS in the top 10 per cent household income group had an average 0.4 per cent rise in real terms in their monthly income from work last year, against a 3.5 to 5.6 per cent jump for those in the other household income groups. This reduced the income gap in Singapore to its narrowest in...

Plans unveiled to help older workers stay employed

A SLEW of measures were unveiled on Tuesday to give a boost to jobs for mid-career and older workers who find themselves left insecure by corporate restructuring and technological disruptions.

Asean, China, India to feature more in exposure for tertiary students

OVERSEAS attachments for tertiary students as part of pre-employment training are going to be slanted even more towards the growth economies in Asia.

Endless Time

Marilyn Monroe is the inspiration for Blancpain’s Saint-Valentin, which is modelled after a cocktail watch once owned by the movie legend.


Analysts expect provisions to be made in Budget for social spending

WHILE it is almost certain that Budget 2020 will be packed with economic assistance and tax reliefs to soften the blow of the Covid-19 virus on businesses and help them tide over this period of uncertainty, the poor and the vulnerable are not likely to be forgotten.


Three new cases confirmed; a 'small number may succumb'

THE government on Wednesday declared that the panic buying seen last Friday as Singapore moved to Dorscon Orange has "stabilised", even as three more new cases of Covid-19 - also known as the coronavirus - were uncovered.


Budget 2020 will help those hit by coronavirus outbreak: Indranee

BUDGET 2020 will be "comprehensive", with "assurance and support" given to sectors hit by the coronavirus outbreak, Second Minister for Finance and Education Indranee Rajah said in a radio interview.


First local transmissions among six new infections

EMPLOYERS have been urged to step up precautions after six more Coronavirus cases - including the first cases of transmission in Singapore - were confirmed on Tuesday, bringing the total infected so far to 24.


More help for seniors to lead active lives: Indranee

BUDGET 2020 will see the government offering more incentives to encourage voluntary work, along with the rollout of measures to take care of retirees and allow them to continue living a fulfilling life, according to Minister in the Prime Minister's Office Indranee Rajah.