Government

S Pass tightening: job take-up by locals to differ between industries

MID-SKILLED locals will likely benefit from Singapore's lower reliance on foreign workers in manufacturing, watchers have agreed - even in the face of the perennial complaint that such jobs are...

Singapore's January export growth triggers optimism for 2021

SINGAPORE exports appear to be off to a good start this year, and the pleasant surprise has left economists optimistic about the year ahead.

Old-school sectors could benefit from S$1b in funding platform

LARGE Local Enterprises (LLEs) hit by cautious sentiment in the private equity (PE) market - especially those in traditional sectors such as retail and manufacturing - could gain a boost from a...

Hiring support for 200,000 locals and training for up to 35,000 through Jobs Growth Incentive

THE government is aiming to support the hiring of 200,000 locals while providing up to 35,000 traineeship and training opportunities this year through the next phase of the SGUnited Jobs and...

5 things to watch for at Budget 2021

Deputy Prime Minister and Finance Minister Heng Swee Keat is presenting the 2021 Budget Statement this afternoon, the first one for this term of government following the General Election in July...

Timing Singapore's GST hike a catch-22 situation: tax analysts

DECIDING on the timing of the Goods and Services Tax (GST) could prove to be a delicate challenge for the Singapore government, which is sandwiched between not just fiscal and political pressure...

ESG maintains official 2021 non-oil export estimate; economists more optimistic

GLOBAL vaccine distribution should boost Singapore's recovery and export growth this year, said economists, with some having more optimistic forecasts than trade agency Enterprise Singapore (ESG),...

Wage subsidies helped trim Singapore firms' unit business costs in 2020: MTI report

OVERALL business costs have decreased on a unit basis in Singapore, as wage subsidies drove down the total cost of labour during the Covid-19 recession.

MTI maintains Singapore's GDP growth forecast at 4% to 6% for 2021

THE Ministry of Trade and Industry (MTI) is maintaining Singapore's gross domestic product (GDP) growth forecast at 4 to 6 per cent for 2021. For 2020 as a whole, the Singapore economy contracted...

Singapore keeps 0-2% non-oil export forecast for 2021, upgrades total merchandise trade forecast

AMID continued uncertainty, Singapore is maintaining its forecast for non-oil domestic export (NODX) growth to slow in 2021, though it has upgraded its forecast for total merchandise trade.