News

UOL increases stake in UIC

In exchange for the issuance of 27.3m shares.

Singapore equity capital proceeds down 62% to US$1b

Proceeds in the first half of 2016 amounted to US$2.8b.

Finance posts dominate highest paying jobs in Singapore

A finance controller takes home up to $15,000 a month. For a costly city like Singapore, every day is a battle of the fittest. For the fourth consecutive row, Singapore remained at the top of the most expensive cities to live in, dominating more than 130 cities in the survey conducted by a British firm, the Economist Intelligence Unit. Whilst Singapore remains expensive, job seekers are scrambling to find and take on the highest paying jobs in the city-state to keep up with the rising cost of commodities. This infographic from Cash Mart Singapore shows that most of the high-paying jobs in Singapore are in the finance sector. For instance, a finance controller can earn as much as $15,000 a month, whilst a finance compliance manager can take home up to $10,000 monthly. In an interview, Cash Mart Singapore credit verification officer William Lee said Singapore's economy continues to be triple-A rated, and this is one factor that contributed to finance jobs being the highest paying ones. "In fact, more than 200 banks have headquarters in the country, with total assets estimating to at least $2t. This makes Singapore a financial centre, and it's currently ranked as third in the Global Financial Centres Index," he noted. More so, the Singapore government also pushes the country as the finance technology hub in Asia Pacific, with the Central Bank of Singapore allotting over $200m for the development of fintech products. Fintech developers earn from $7,500 to $12,000 monthly, according to the infographic. Lee said demand for demand for finance professionals will remain competitive. However, he noted that it will be a challenge to fill these job posts due to candidate shortages. "More so, if there's specific skill sets required such as strong communication skills and stakeholder management capabilities," he said, noting that communication skills are a must for professionals willing to take on key business partner roles. Lee said job seekers wanting to take on finance roles must be always in-the-know of the latest development in the finance sector and its regulations. "Having an insight of what may happen in the finance industry three to five years from now is something that can help companies get ahead of the game. Lastly, join platforms like the CFA Society Singapore. They feature employment openings, and brings together investment and fund management practitioners," he said.  

Singapore economy to grow 2.7% in 2017

But growth will remain uneven across sectors.

SATS to reap benefits from Japan's tourism boom

Japan targets to receive 40m inbound visitors by 2020.

SIA inks codeshare agreement with Eurowings

It will provide SIA customers access to 15 routes on Eurowings operated flights.

Daily Markets Briefing: STI up 0.43%

But don't expect any boost today.

Chart of the Day: Ageing population to comprise 1 in 4 of total citizens

By 2030, the number of citizens aged 65 and up will double to 900,000.

Singapore to set up advisory panel for family-friendly transport system

It will be chaired by Senior Minister of State for Transport Lam Pin Min.

SMEs expect weak profitability for the next 6 months

But they are optimistic on sales turnover.

Floater projects recovery to be weaker this year

FPS orders have risen on the back of higher oil prices.

Will Seletar Mall be divested by SPH?

Its recent acquisition of a Bidadari mixed site could be a sign.

URA unveils tender for Reserve List at Beach Road

Tender period will be about twelve weeks.

UOB inks deals to boost Singapore-China links

It was signed on the back of strong trade and investment flows.

Daily Markets Briefing: STI down 0.89%

The weakness on Wall Street could weigh on the local markets today.