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Category: BUSINESS

Posted on 31/10/2022

Transport engineering cluster seen as most optimistic as business sentiments in manufacturing sector remain negative

Looking ahead, a net weighted balance of 17% of manufacturers expect lower output in the 4Q2022 for the next six months. ( read original story ...)

Posted on 31/10/2022

Swiss Chamber Eyes Bigger Role in Singapore: Businesses to Drive Innovation, HR Development

SINGAPORE - Media OutReach - 31 October 2022 - Swiss Chamber of Commerce and Industry Singapore (SwissCham) said it aims to leverage on the core strengths of innovation and ... ( read original story ...)

Posted on 31/10/2022

Why Indian Startups are establishing a base in Singapore

Earlier this month, Flipkart-backed Indian payments service company PhonePe announced that it had completed the move of its headquarters from Singapore to India. Indian e-commerce giant Flipkart is a ... ( read original story ...)

Posted on 30/10/2022

Karaoke operators worry Covid-19 surge may impact their business

SINGAPORE - Karaoke operators finally opened their doors to guests after six months, but they are worried higher infection numbers may mean a return to restrictions - a move they say could mean ... ( read original story ...)

Posted on 30/10/2022

Football: World Cup rights holders in Singapore face challenges in recouping fees of over $25m

Late announcement of the deal, unique timing of the Qatar World Cup, will impact ability to attract customers, say experts. Read more at straitstimes.com. ( read original story ...)

Posted on 30/10/2022

Keeping the COE price under control: Should Singapore adopt a ‘1 car, 1 household’ policy or a separate COE category for commercial vehicles?

The Certificate of Entitlement (COE) is something unique to Singapore. It is a scheme that was implemented, along with the Vehicle Quota System (VQS) to control the population growth of vehicles here. ( read original story ...)

Posted on 29/10/2022

Funeral workers wanted in Singapore: At least 800 job vacancies available over next few years

Faced with an ageing population, Singapore’s annual deaths are set to rise from about 24,000 in 2021 to 40,000 in 2040. ( read original story ...)

Posted on 28/10/2022

Gas supply from Sumatra to Singapore to ease under new contract from 2023

The volume of Indonesian gas supplied to Singapore from South Sumatra will fall under a new five-year contract that starts from 2023, said Indonesia’s Minister for Energy and Mineral Resources Arifin ... ( read original story ...)

Posted on 28/10/2022

Singapore stocks end week on a high amid bargain hunting; STI up 1.5% on Friday

Local shares ended a choppy week on an upbeat note on Friday, thanks in part to some buoyant corporate results. Read more at straitstimes.com. ( read original story ...)

Posted on 28/10/2022

Dirty Russian oil tankers pile up near Singapore and Malaysia ahead of EU sanctions

Nearly 65 per cent of all Russian flows that have signalled Singapore as a destination have ended up in commercial floating storage tankers around Malaysia’s Tanjung Pelepas over the last three months ... ( read original story ...)

Posted on 28/10/2022

Singapore’s total employment grows in Q3 but job market shows signs of slowing momentum: MOM

Unemployment rates inched up from a six-year low while retrenchments rose to 1,600 from the previous quarter’s all-time low of 830. ( read original story ...)

Posted on 27/10/2022

Inflation in Singapore to stay high next year even as economic growth slows: MAS

Singapore is headed for a difficult year in which economic growth will slow while inflation will remain high, partly because wage increases are expected to continue. ( read original story ...)

Posted on 27/10/2022

Inflation in Singapore will stay high next year even as pace of economic growth slows: MAS

No imminent threat of a recession here but the outlook depends on trajectory of other advanced economies, MAS warns. Read more at straitstimes.com. ( read original story ...)

Posted on 27/10/2022

Credit Suisse to cut 9,000 jobs, some in Singapore, after posting $5.7b Q3 loss

The bank intends to raise capital worth 4 billion Swiss francs through the issuance of new shares to qualified investors. Read more at straitstimes.com. ( read original story ...)

Posted on 27/10/2022

Below-trend growth for Singapore economy in 2023 amid deteriorating global outlook: MAS

Inflation-growth dynamics of the global economy have turned less favourable in the past few months, says the macroeconomic review. ( read original story ...)

Posted on 27/10/2022

Singapore Economy Likely to Grow at Below-Trend Pace in 2023, MAS Says

Singapore's economic growth in 2023 is likely to be at a below-trend pace amid weaker external demand, the Monetary Authority ... ( read original story ...)

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