S'pore financial sector, O&M layoffs likely to ease: report

Singapore

EMPLOYMENT conditions in Singapore are expected to improve later this year as the drag from sharp retrenchments in financial services and oil and gas-related sectors ease, while a property recovery is not on the cards yet, said the latest report by the Institute of Chartered Accountants in England and Wales (ICAEW).

The Economic Insight: South-east Asia report released on Thursday also said that better employment conditions and additional fiscal support should lead to a pickup in spending.