News

Singapore’s retail sales may have surged 8.1% in July

Excluding motor vehicles, Standard Chartered expects the print to come in at 7.8%.

Analyst warns Singapore banks to beware the liquidity squeeze

The collapse of SOR would add margin pressure to 3Q11 results but CIMB is more concerned about S$ deposit competition.

Singapore banking professionals better than their Hong Kong counterparts

Companies are now replacing employees from Hong Kong with candidates from Singapore.

Singapore economy is 2nd most competitive worldwide

The country got top ratings for public trust of politicians and transparency in policymaking.

Salary increase in finance and governance sector range between 10-20%

But candidates with highly sought-after skills were able to command more than 25% salary increase.

“Make the workplace age-friendly for older workers”: MOS Halimah Yaacob

She is encouraging employers to look at ways to retain experienced older workers “as they have amassed a rich body of knowledge”.

Retail therapy: Government to fund $3m retail scholarships

This is to provide Singapore’s retail workforce accessible and affordable university education.

Singapore domestic airfares show no sign of slowing

Economy-discount fare prices grew the most at 9% in 2Q11.

A Lion’s share: Singapore is most active hotel investment market in Asia Pac

The Lion City accounted for a whopping $1.02b out of the $2.6b transaction volume in the region.

Government invests $6.8m in training of textile and fashion employees

The Singapore Workforce Development Agency is developing programmes to support the manpower needs of the industry.

Why you should do volunteer work more often

40% of Singaporean employers consider volunteer work as valuable as paid work experience when evaluating candidates.

Senior private bankers in Singapore earn more than their Swiss counterparts

Estimates show those in Singapore earn between $160,000 and $410,000 a year, while in Switzerland the range is $152,000 to $210,000 annually. This is according to London-based recruitment firm EMA Partners International.

Economists cut Singapore growth forecasts from 6.2 to 5.3%

A quarterly survey shows private sector economists downgrading their forecasts for the gross domestic product growth of Singapore. This was announced by the Monetary Authority of Singapore.

Naumi to open second hotel in Singapore

The total refurbishment of the second hotel at Keong Saik Road will be finalized in 2012.

Singapore is 2nd most expensive place to build in Asia

The country came in behind Japan and tied places with Hong Kong.

Asia-Pac disasters to propel property catastrophe reinsurance premiums up

Expect tighter terms and conditions as well as international reinsurers attempt to claw back some of the losses.