Government

Banks, trade associations can help SMEs understand risk-based approach to loans

BANKS and trade associations can do more to help small businesses understand the risk-based approach to loans, so that these businesses can take action to qualify for more favourable interest...

Pay cuts may seem right, but don't overdo it

IN the name of solidarity - and saving costs - amid the Covid-19 outbreak, several Temasek-linked companies have announced wage freezes and bonus cuts for senior management.

Singapore retail sales fall 5.3% in January due to drop in motor sales

SINGAPORE retail sales continued to weaken in January, down 5.3 per cent year-on-year as motor sales remained a major drag, according to Department of Statistics data on Thursday. This deepened from...

NTUC to match PMEs to new jobs ahead of displacement

THE labour movement is piloting an initiative to match soon-to-be-displaced white-collared workers with new jobs in a bid to minimise the duration of unemployment.

No plans to waive foreign worker levy: Josephine Teo

THE Singapore government does not plan to waive or reduce foreign worker levies despite calls from business leaders and MPs to do so in an economic environment that has already taken a battering...

Singapore's January factory jump may prove short-lived

SINGAPORE'S factory output turned in a surprise rise in January on a surge in biomedical manufacturing, even as electronics remained in contraction, according to preliminary figures from the...

Budget debate: NTUC Job Security Council matches PMEs to new jobs ahead of displacement

THE labour movement is piloting an initiative to match soon-to-be-displaced white-collared workers with new jobs in a bid to reduce the duration of unemployment.

Singapore inflation starts the year shakily

SINGAPORE'S official inflation outlook was left untouched on Monday.

Foreign worker quota cuts: Tough love for the construction sector

THE Budget put millions of much needed rescue dollars on the table for tourism-related sectors reeling from the Covid-19 outbreak. But construction got tighter quotas on skilled foreign labour,...

Singapore doubles down on tighter foreign worker quotas

AFTER foreign labour caps in the services sector were tightened in last year's Budget, the same fate has now befallen the construction, marine and shipyard and process industries.