Blog

Firms to ensure non-discriminatory hiring

25/08/2020

Firms need to ensure non-discriminatory hiring of locals in the face of high unemployment rate due to covid19 pandemic: Call to curb biased hiring by naming firms on watch list

US dollar weakness bears watching

24/08/2020

Weakening of USD to be watched with caution in coming months. US dollar weakness bears watching

Outlook of the Singapore economy

24/08/2020

Very optimistic projection by economist over the outlook of the Singapore economy. Singapore likely to rebound from recession, achieve 7 per cent GDP growth in 2021: Report

265,000 foreign workers to restart work

21/08/2020

Will manpower issues for foreign workers in the Construction and Services sectors be ironed out soon? Coronavirus: 265,000 foreign workers get the nod to restart work

National Wages Council to reconvene in August

21/08/2020

Members of the public can share their views on wage and employment-related issues, as well as pose suggestions to the guidelines, through a feedback form to NWC by 28 Aug 2020, even as the NWC reconvenes to address labour and employment issues affected by the pandemic. See more details below. Contact us at +65 66363691,… View Article

Possible Discriminatory Hiring

21/08/2020

Some employers are on Tafep watchlist for fair employment opportunities for Singaporeans. Some firms on watch list for possible discriminatory hiring didn’t cast net wide enough for locals

Manufacturing PMI rises by 2.2

20/08/2020

Manufacturing PMI rises by 2.2. points although economic situation remains volatile in the midst of the pandemic and US-China trade tensions. S’pore factory activity expands in July after 5 months of contraction

Proposed phasing out SIBOR in 3 to 4 years

20/08/2020

Singapore Overnight Rate Average (SORA) proposed to be progressively used instead of SIBOR as the main interest rate benchmark for SGD financial markets in 3-4 years, to avoid market fragmentation, facilitate transparency and easier comparison of loan pricing. Consultation report proposes phasing out SIBOR in 3 to 4 years, shifting to new standard

Highlights of latest Covid19 support measures

20/08/2020

Highlights of latest Covid19 support measures announced by DPM Heng on Monday: The Jobs Support Scheme will be extended by up to seven months to March 2021, subsidising wages of local workers by 10 per cent to 50 per cent. The COVID-19 Support Grant will be extended to December to help citizens and PRs who… View Article