Young firms added more to net jobs than maturing, old ones for 2009-2016 period
Add BT as a preferred source
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 combined contribution of maturing and old firms, or those above six years old, which came in negative at minus 0.4 percentage point.
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
