Covid-19 Responsible for Driving Digital Investments Up Since the Covid-19 pandemic, the rise in digital investments saw Singapore experiencing the largest rise in digital investments among financial institutions. The boost in investment rose because of the need brought about by Covid-19. This was an attempt by the banks to help boost their online offerings. The…
Manufacturing Sector Is Leading Singapore’s Recovery Through the Pandemic Singapore’s manufacturing activity is leading the way and on track to record another expansion for the 12th straight month in June. The manufacturing sector has remained strong and led the charge of the country’s recovery amid the Covid-19 pandemic. In the coming months, experts are forecasting…
Both Countries Agree to Sign MOU for Enhanced Bilateral Cyber-Security Cooperation The Singapore and UK Partnership will explore even more opportunities for greater collaboration to enhance regulatory defense and information sharing. A Memorandum of Understanding (MOU) was signed by representatives of both countries to partner on financial services. Singapore’s representative was from the Monetary Authority…
Singapore EDB Supports Multilateral Solution Singapore will support a multilateral solution to create a stable international tax system in the country. This support will be given by the Singapore Economic Development Board (EDB). The aim to create an international tax system that is stable and helps to level the playing field across jurisdictions. The EDB…
Local Labour Market Continues Path to Recovery The Singapore resident unemployment rate declined for its sixth consecutive month this April. It is a sign that the local labor market is continuing on the path to recovery. The statistics were released by Singapore’s Ministry of Manpower (MOM). The Singapore resident unemployment rate includes both citizens and…
Sales Up in Singapore for the Second Consecutive Month March retail sales in Singapore rose 6.2% for the second consecutive month as the country continues its economic rebound. After a 24-month slide, this growth was welcomed news indeed. The numbers are a boost from last year comparatively when COVID-19 social distancing measures and border restrictions…
Expansion Picked Up From 0.1 to 50.9 From March This Year Singapore manufacturing activity had an overall expansion in April. This is the fastest the sector has expanded since December 2018, thanks to an increase in employment, new exports, and new orders. Imports, order backlog, and input prices were other areas that experienced an expansion.…
Cash Grant Granted to Support Recovery and Growth Amid the Pandemic $8,000 cash grant has been granted to more than 100 small and medium enterprises (SMEs) to help them cope with the recovery and growth amid the pandemic. The grants were given to help cover the cost of operations, rent and maintain the employee payroll.…
Equipping Recent Graduates and Mid-career Employees With the Skills They Need to Be Industry-relevant The SGUnited Traineeship programme launched last year has been met with great success, with 7,600 recent graduates and 1,900 mid-career workers partaking in the programme. The mid-career workers took part in the SGUnited Mid-Career Pathway programme. That brings the total to…
Covid-19 Did Not Hamper the Entrepreneurial Spirit Despite the rough patch faced by many businesses during the Covid-19 pandemic, Singapore start-ups still managed to bring in $5.5 billion in funding in 2020. Although this sum is lower than what has been garnered in recent years, the Ministry of Trade and Industry highlighted that 2020’s figure…