A positive mindset is key to seizing opportunities from reskilling programmes

THE disruption caused by the Covid-19 pandemic could boost employers' willingness to consider unconventional employment formats - including taking advantage of the huge hiring incentive for workers 40 years and above, announced during the Fortitude Budget.

SINGAPORE FORTITUDE BUDGET 2020: SAFEGUARDING JOBS

Economists divided on how far S$2b package can mitigate unemployment

WHILE the Singapore government has set aside some S$2 billion for a jobs and training package, industry watchers appear divided on the extent to which it can help ease the pandemic's impact on unemployment.

Fortitude Budget: S$118m top-up to support Singapore's charities and social service agencies

THE Singapore government is providing a S$100 million top-up for the Tote Board's Enhanced Fund-Raising Programme to provide more support for Singapore's charities amid the Covid-19 pandemic, Deputy Prime Minister and Finance Minister Heng Swee Keat said on Tuesday.

Fortitude Budget: S$100 utilities credit for all households with at least one Singaporean

ALL households with at least one Singaporean will receive a one-off S$100 Solidarity Utilities Credit.

Fortitude Budget: S$1,200 allowance for job seekers going for training

Job seekers who take training courses will receive a training allowance of S$1,200 per month under a new SGUnited Skills programme to help them upgrade their skills while looking for employment, Deputy Prime Minister and Finance Minister Heng Swee Keat said on Tuesday.

Fortitude Budget: S$2b SGUnited Jobs and Skills Package to create 100,000 opportunities

SOME S$2 billion will be set aside for the SGUnited Jobs and Skills Package, which is designed to mitigate the impact of the Covid-19 pandemic on employment.

Fortitude Budget: Construction sector to get more support for additional costs needed to resume

SINGAPORE'S built environment sector, which includes the construction industry, will get further government support for the additional costs that they would incur before they can resume their existing projects safely, Deputy Prime Minister and Finance Minister Heng Swee Keat said on Tuesday.

Fortitude Budget: Government tenants to get rental waivers of up to 2 months

THE Singapore government is extending rental relief for its tenants while ensuring that these measures flow through to help sub-tenants, Deputy Prime Minister and Finance Minister Heng Swee Keat said on Tuesday.

Fortitude Budget: New law to mandate landlords grant temporary rental waiver to SME tenants

THE Singapore government will introduce a new bill to mandate landlords grant a rental waiver to small- and medium-sized enterprise (SME) tenants that have suffered a significant revenue drop in the past few months, Deputy Prime Minister and Finance Minister Heng Swee Keat said on Tuesday.

Fortitude Budget: Foreign worker levy waiver and rebate extended to June and July

BUSINESSES that cannot resume operations on-site immediately after the "circuit breaker" will be entitled to a further two months' worth of waivers and rebates on their foreign worker levies, Deputy Prime Minister and Finance Minister Heng Swee Keat said on Tuesday.

Fortitude Budget: Government sets aside further S$33b in Singapore's fight against Covid-19

THE Singapore government is setting aside a further S$33 billion for the next phase of the country's fight against the novel coronavirus and the resulting economic fallout, Deputy Prime Minister and Finance Minister Heng Swee Keat said in Parliament on Tuesday.

Pharma the bright spot amid pandemic

IN THE last two months, pharmaceuticals have brought a major lift to Singapore's manufacturing and export sectors amid the Covid-19 pandemic, which has spurred greater demand for medical supplies.

Layoffs should be last resort, employers should pay retrenchment benefit: MOM

RETRENCHMENT should be a last resort for companies to manage manpower costs, and those that have no choice but to do so should treat their employees with empathy and provide them a retrenchment benefit, an advisory from the Ministry of Manpower (MOM) said on Wednesday.

Employers must pay retrenchment benefit if job cuts are inevitable: MOM

RETRENCHMENT should be a last resort for companies to manage manpower costs, and those that have no choice but to do so should treat their employees with empathy and provide them a retrenchment benefit, an advisory from the Ministry of Manpower (MOM) said on Wednesday.

Jump in pharma exports lifts Singapore NODX in April

ECONOMISTS appear mixed on how Singapore's exports will continue to perform in the coming months, even though April's data posted a third straight month of expansion thanks to a surge in pharmaceuticals amid the pandemic.

BT EXCLUSIVE

Tech talent in demand more than ever during pandemic

WHILE the pandemic has cast a pall on the employment market, the demand for tech professionals is stronger than ever, as companies look to accelerate their digitalisation efforts amid the slowdown, industry watchers tell The Business Times.

Pharma shipments lift Singapore exports for third straight month

SINGAPORE'S exports unexpectedly jumped 9.7 per cent year on year in April, thanks to a surge in pharmaceuticals, according to data from Enterprise Singapore (ESG) on Monday.

VIRUS OUTBREAK

Construction firms cite practicality, cost concerns in criteria for restarting work

COMPANIES in the construction industry are concerned about higher costs and practicality of implementing new workflows and tightened measures at worksites and dormitories, even as they look forward to gradually resuming work under new criteria outlined on Friday by the Covid-19 multi-ministry...

Job cuts may offer short-term relief but lead to longer-term pain, employers warned

WHILE many are bracing for a spike in unemployment as the Covid-19 pandemic wears on, industry watchers have a word of warning for companies that are planning to lay off their staff: this short-term relief could usher in longer-term pain.

Emerging Stronger Taskforce names 15 business leaders as members

A GOVERNMENT-led task force set up to guide Singapore's economic growth beyond the pandemic, appointed 15 business leaders as members during its inaugural video conference meeting on Wednesday, where it also defined its areas of focus.

VIRUS OUTBREAK

Firms in social entertainment urged to rethink business model

COMPANIES that are involved in social entertainment or require high levels of interaction may need to rethink their business model for longer-term sustainability, before the government can reopen those segments of the economy, Trade and Industry Minister Chan Chun Sing said on Monday.

VIRUS OUTBREAK

Government to look into raising housing standards for migrant workers: Teo

THE government will look into how housing standards for migrant workers can be raised after the novel coronavirus outbreak is brought under control, Singapore's manpower minister has said, even as she acknowledged that a focus on rooming arrangements on their own may not prevent a recurrence....

Firms in social entertainment need to rethink business model: Chan Chun Sing

COMPANIES that are involved in social entertainment or require high levels of interaction may need to rethink their business model for longer-term sustainability, before the government can reopen those segments of the economy, Trade and Industry Minister Chan Chun Sing said on Monday.

Govt to look into raising housing standards for migrant workers: Josephine Teo

THE government will look into how housing standards for migrant workers can be raised after the novel coronavirus outbreak is brought under control, Singapore's Minister for Manpower has said, even as she acknowledged that a focus on rooming arrangements on their own may not prevent a recurrence...

VIRUS OUTBREAK

Singapore Q1 unemployment rate up 2.4%; Q2 numbers to worsen as virus hits

SINGAPORE'S total employment for the first three months of 2020 registered its sharpest quarterly contraction in 17 years amid the novel coronavirus outbreak, and authorities warned the labour market in the months ahead could soften further.