News

MOM has no jurisdiction over employment agencies abroad: Zaqy Mohamad

It cannot regulate overseas agencies that charge more than the maximum agency fees.

Plot in Sino-Singapore Tianjin Eco-City sold for $292.47m

This is the second plot sold by Keppel in H2 2018.

Over 500 complaints filed for failure to issue mandatory itemised payslips

MoM has notified 1,200 employers to fix their payslip practices.

ASEAN will fare well in the Fourth Industrial Revolution: PM Lee

Majority of its population are under 35 years old who are 'comfortable with new technology'.

Selected F&B stores to accept 10 e-payment modes by end-2018

This is geared towards adding e-payments to coffee shops, hawker centres, and canteens.

Lone budget London-Singapore flight to stop flying in January

Norwegian Air Shuttle ASA might be hit by the hike in oil prices. Bloomberg reported that Norwegian Air Shuttle ASA will scrap its London-Singapore flights by January, which is only a little more than a year since it started operations. The only budget flight’s customer booking line noted that the last flight from Singapore to London will be on 11 January whilst its website shows no more flights for the route beyond it. A London to Singapore flight in November using the airline will cost $286.54 (US$208) which is lower compared to the cheapest flight for the same route with British Airways which costs $460.26 (US334.10). The impending pullout of the flight brings to the table the concern of long-haul, low-cost aviation as fuel prices surge. At about $110.21 (US$80) a barrel, Brent crude oil has almost tripled from a 2016 low.

Retail sales fell 2.6% in July

Motor vehicle sales dropped 15.4%.

Buyer of SingHaiyi's Vietnam Town drops 141-unit bulk sale commitment

Transaction price has been reduced from $128.3m to $31.8m.

Singapore firms led US' investments in Asia in 2017

Investments grew 7.41% to US$274.26b, surpassing China and Japan.

Four flexible workspace operators entered Orchard Road in H1

They occupy a total of 70,000 sq ft in the premier shopping district.

More than half of Singapore youth think technology will decrease jobs

They are the most pessimistic in Southeast Asia when it comes to the issue.