News

Monthly salary threshold for S Pass applicants raised to at least $2000

Employers of existing Employment Pass and S Pass holders will be given a one-time renewal of up to 2 years to meet salary thresholds.

Inflation forecast at 4.0% in 2011

Previously at 2.9 per cent, March MAS survey of professional forecasters tips inflation at 4.0 per cent.

Singapore will be the hunting ground for senior talent

With its mature workforce and world-class talent pool, Singapore based talent is favoured for senior positions in neighboring countries.

Foreign investor participation seen to increase in 2011

Regional investors from Asia Pacific were the largest group of foreign investors in Singapore.

Singapore Air regional wing to increase fuel surcharges

Due to continued escalation in the price of jet fuel, SilkAir will increase its fuel surcharge for all tickets issued on or after 17 March 2011.

Singapore REITS rental income to average 4.2% in 2011

S-REITs are forecasted to deliver FY10-12F DPU CAGR of 5.5% - 9.2%, which is above inflation.

Government armed to protect domestic market against casino problems

Singapore must not normalise gambling in Singapore and must not make it a badge of honour, said Dr Vivian Balakrishnan.

Employment outlook to improve by 3%

The Q2 Manpower Employment Outlook saw the net employment outlook improve from 27 per cent to 30 per cent.

Three incentive programmes received more than half of the $100mn Aviation Development Fund

 These three programmes support initiatives by local companies to raise productivity and promote innovation.

Singapore to benefit from the robust expansion of Shanghai's container port

Shanghai overtook Singapore as the world's busiest container port in 2010 but Shanghai's pole position was not achieved at Singapore's expense.

Singapore seeks to become the Asian home base of global companies

Global companies are increasingly seeking an Asian home base from which they can manage their pan-Asian operations.

Singapore foreign reserves jumped 1.66% in February 2011

The foreign reserves rose US$3.77 billion last month, according to OCBC.

Enhanced bursaries for post-secondary students will cost the Government $134mn per year

The MOE will increase the quantum and extend the coverage of existing bursaries to benefit Singapore Citizens from two-thirds of all households in Singapore.

Government invests $10.9bn in educaton this year

The budget is almost double from a decade ago and is 10% more than last year.

77% of companies in Singapore have no female independent directors

While 20% of companies in Singapore have 1 female independent, there are no companies in Singapore with 3 female independent directors.

Singapore ranked 6th most popular global destination to relocate to

USA ranked first as 18 percent of the respondents chose USA while only 5 per cent chose Singapore.