VIRUS OUTBREAK

Employers urged to step up flexi-hours to ease crowding risk

EMPLOYERS are urged to introduce flexi-working hours so that workers can travel during off-peak hours and help reduce the risk of crowding, as Singapore looks into letting more people return safely to the workplace.

Price transparency guidelines to fight misleading practices kick in from Nov 1

IN a move to protect shoppers from being misled, the Competition and Consumer Commission of Singapore (CCCS) has issued a set of guidelines to stamp out fake discounts and free offers as well as add-on fees in advertisements by businesses.

Singapore issues retail guidelines for price comparisons, discounts and free offers

IN A move to protect shoppers from being misled, the Competition and Consumer Commission of Singapore (CCCS) has issued guidelines to retailers and other suppliers of goods and services in giving discounts and free offers, as well as when making price comparisons.

PARLIAMENT

Firms to get up to S$30,000 for each new worker if they hire more locals in next 6 months

FIRMS which hire more locals in the next six months stand to get up to S$15,000 for each worker under 40 years old, and up to S$30,000 for each aged 40 and up.

PARLIAMENT

Live-streaming House proceedings given go-ahead in principle

THE government has agreed "in principle" to the live streaming of Parliamentary proceedings, but is still harbouring its earlier reservations to the idea.

70% of firms think they can ride out next 12 months: SBF poll

MORE than three in five businesses (62 per cent) see the prevailing dicey business condition persisting, with economic activities continuing at the present pace for the next 12 months, according to a survey of 225 firms in Singapore.

Singapore used 20 years of previous budget surpluses to combat Covid-19: DPM

SINGAPORE has drawn on its reserves - equivalent to over 20 years of past Budget surpluses - to fight the Covid-19 pandemic, said Deputy Prime Minister and Finance Minister Heng Swee Keat on Friday.

Government to take 'Strong Partnerships' approach to rebuilding post-crisis Singapore

THE new buzz phrase in town is "whole-of-government" (WOG). The Prime Minister's Office (PMO) wants this to be the tack Singapore takes to navigate its way out of the current public health and economic crisis and to rebuild "a better Singapore post-crisis".

Employment Pass minimum pay rises to enable business growth and openings for locals

THE minimum qualifying salaries for work passes of both foreign professionals and foreign mid-skilled workers will go up a second time this year.

Higher minimum salary criteria for Employment and S Pass applicants

COME Sept 1, the minimum qualifying salary for new Employment Pass (EP) applicants will be raised further to S$4,500, while that for S Pass applicants will increase to S$2,500 from Oct 1.

VIRUS OUTBREAK: JOBS IMPACT

More than 6,300 jobs and openings for training and attachments in manufacturing

SINGAPORE'S manufacturing sector continues to churn out jobs despite the current crisis, with the bulk of the jobs going to professionals, managers, executives and technicians, a group collectively called the PMETs.

Singapore manufacturing firms offering 6,300 vacancies with bulk for PMETs

NEARLY 1,000 manufacturing firms are offering 6,300 openings for job, traineeship, attachment and training positions, Manpower Minister Josephine Teo said on Wednesday morning.

VIRUS OUTBREAK: SUPPORT MEASURES

Wage support extension expected, but recalibration sparks debate

EMPLOYERS, labour leaders and economists had expected the Job Support Scheme (JSS) to be extended but they have different views on the length and level of the renewed move to protect jobs from the Covid-19 pandemic.

Updated NWC wage guidelines likely in September

WITH the jobs market having softened "considerably" and the softness likely to persist, the National Wages Council (NWC) will reconvene later this month to update its guidelines issued in March.

Reconvened NWC likely to issue updated wage guidelines in September

THE National Wages Council (NWC) says it will reconvene later this month to review its wage guidelines issued in March and will aim to release its updated guidelines in September.

WATCHES

Rushed for time

WITH major watch fairs postponed and a world crushed by coronavirus-induced lockdowns in the first half of this year, luxury watchmakers announced then that they would put off the launch of any new models until next year. But, since then, many have changed their tune as the world economy starts...

NODX 2020 growth forecast raised to 3-5 per cent

THANKS to better-than-expected shipments of certain products and a low base, Singapore's non-oil domestic exports (NODX) grew 6.5 per cent in April-June, higher than the revised 5.4 per cent (5.8 per cent initially) rise in the first quarter - tighter restrictions on movements and economic...

The shape of things to come

What is the shape of recovery from the Covid-19 recession? The range of possibilities is unusually wide because so much hinges on what happens with public health and the timing of recovery. So what is more likely?

Singapore non-oil exports tipped to expand 3-5% in 2020; worst-case scenario for world trade now unlikely

FORECASTS for trade growth in 2020 have been adjusted for the third time, this time with Singapore's non-oil domestic exports (NODX) tipped to grow 3 to 5 per cent year on year while total trade is likely to fall less sharply, by -10 to -8 per cent.

NEWS ANALYSIS

Cut in employers' CPF rate, more wage reform among measures NWC can push for: economists

THERE is broad agreement among employers, workers and government representatives and economists that the National Wages Council (NWC) has a big role to play in helping Singapore to weather the Covid-19 recession and cope with its aftermath.

ASEAN ECONOMY

Asean+3 likely to grow 6% in 2021: AMRO

ECONOMIC growth in Asean, China, Japan and South Korea (Asean+3) are tipped to bounce back strongly from a flat showing this year to post a 6 per cent gain in 2021, according to regional macroeconomic surveillance organisation AMRO.

Asean+3 growth tipped to slow sharply to zero in 2020 before rebounding strongly to 6% in 2021: AMRO

THE economic growth of Asean, China, Japan and South Korea is tipped to slow sharply to zero this year, down from 4.8 per cent last year. It is then expected to pick up strongly to 6 per cent in 2021, says an updated forecast by AMRO (the Asean+3 Macroeconomic Research Office).

Vintage in Vogue

When this watch was first launched in 1955, it was Vacheron’s first waterresistant chronograph.

Employers, unionists support Ng Chee Meng staying on as labour chief

EMPLOYERS and analysts have joined the labour movement to support Ng Chee Meng, who remains as the leader of the National Trades Union Congress (NTUC), despite no longer being a Cabinet minister.

GE2020: PAP Amy Khor wins Hong Kah North SMC for the third time with 60.98% of the votes

The People's Action Party's (PAP) Amy Khor scored her third straight win in Hong Kah North SMC, winning 60.98 per cent of the 27,188 votes cast in a straight fight with Gigene Wong of the Progress Singapore Party.