News
Singapore to break free from reliance on foreign workers:KPMG
Singapore to break free from reliance on foreign workers:KPMG
The proposed increase in foreign worker levies shows how the government wants to do away with the reliance on foreign workers and push productivity growth.
Government to spend $560mn to aid SMEs
One of measures the government will provide for SMEs is the 20% corporate income tax rebate.
Foreign worker levy for construction sector to be raised by $200
Average levy per foreign worker will be further raised by $60 for the Manufacturing sector and $180 for the Services sector.
CPF contribution rate will increase to 36% in 2011
Employer CPF contribution rate will be raised by 0.5 percentage points.
Government to spend $520m for businesses to enjoy lower tax
Singapore businesses will be allowed to deduct 400% of their expenditures from their taxable income.
A record US$5bn poured into Singapore real estate investment in 4Q 2010
Real estate investment volume in Singapore accounted for 31% of Asia's total volume for the last quarter of 2010.
Total trade skyrocketed to $902bn in 2010
Singapore’s total trade rose by 21 per cent in 2010 after a decline of 19 per cent in 2009.
Singapore economy will expand 5% in 2011:OCBC
The IR-tourism sector, healthy FDI and generous FY2011 budget may push the economic growth on the higher end of the official 4 to 6 % forecast.
72 % of Singaporean companies are budgeting a pay rise for staff
But its not all good news, with 41% of companies having no plans to hire and 6% planning to fire staff this quarter.
Exports fell 2.2% in January m-o-m, but still up 20% for the whole year
The better-than-expected y-o-y growth was led by electronics and pharmaceuticals.
Singapore economy will grow 5.2%:HSBC
Financial services will be the main driver for growth in 2011.
Government warns inflation could rise up to 6 % in 1H 2011
Singapore economy is facing a tighter labour market and inflationary concerns that may prompt further monetary tightening.
Dramatic slowdown in senior recruitment saw job ads fall 9% in 4Q 2010
The demand for senior, high profile roles which are not usually advertised partially caused the decrease in job advertisement volume.
Government forecasts economy could grow 4 to 6% in 2011
But the Ministrry of Trade and Industry warns several downside risks remain..
Singapore economy blew the gates off with 12% growth in last quarter of 2010
But construction slowed dramatically, falling 2 % having grown 6.7 % in the previous quarter.
Non-oil domestic exports may have contracted 7% in January 2011
The Lunar New Year in early February may have caused a pullback in export sales in January.
Privately held businesses eye M&A for strategic growth
A survey said proportion of respondents anticipating making an acquisition in the next three years increased to 29% this year, up 8%.
Read Here
Advertise
Sign Up
Commentary
The trust tax: Navigating the ‘sophistication shift’ in Singapore’s digital economy
Conflict, costs, and construction: Where can margins still be saved?
Singapore’s SMEs are embracing AI. Cybersecurity must keep up.
Game theory in the Gulf: Why Singapore should watch the Middle East carefully
When AI becomes the front door: How marketing in Singapore will really change in 2026
Singapore’s AI upskilling push is bold. Now employers must close the loop.
Why Budget 2026 marks a turning point for employers
Budget 2026: Cushioning carbon tax burden and maintaining competitiveness
Beyond fuel choice: Budget 2026 and Singapore’s structural strategy in low-carbon transport