Economic Growth Forecast of Singapore in 2024 Gets Range Upgrade Singapore has exceeded its economic growth forecast for 2024, as recently reported. The previous forecast of 1%-3% has been upgraded to 2%-3%, as Singapore expects its manufacturing sector to recover gradually. The Trade and Industry Ministry stressed Singapore’s economic growth forecast by stressing the strategic…
Singapore Surpasses Tokyo and Bangkok As the Premier Asia-Pacific Destination Choice for Business Travellers Singapore has done itself proud by becoming the most visited destination for business travellers last year, surpassing Bangkok and Hong Kong. It also overtook its neighbours Kuala Lumpur and Tokyo to secure this top spot. Other cities in the top 10…
Singapore’s Retail Sector Has A Bright Outlook for 2024 Experts have an optimistic view of Singapore’s retail sector, predicting that it will bring in a year-on-year increase of 2% for this year. The sector is expected to thrive for the remainder of the year, thanks to the improvement in its external environment and upcoming major…
The Startup Ecosystem in Singapore is Among the Seventh Best in the World According to this year’s Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network, Singapore now has Asia’s top startup ecosystem, surpassing Beijing. The island city ranked seventh in this year’s global startup ecosystem rankings, rising one spot from…
Global Talents Choose Singapore: The Lion City Ranks Globally as Eighth Preferred Work Destination According to a global study on international mobility trends, Singapore has been chosen as the eighth most popular work destination. The research, conducted by Boston Consulting Group, The Network, and The Stepstone Group, was based on relevant data from 188 countries from…
Singapore’s Green Finance Boost Investing $35 million to develop green finance, Singapore aims to become Asia’s leading hub for sustainable finance. This investment aims to upskill financial service workers to improve sustainable finance demands in South East Asia. Fueled by demand, over 50,000 workers in various jobs such as sales, risk, legal, etc., will now…
Empowering the Workforce: Singapore Employers Must Process All Flexible Work Requests from December Starting in December, every Singapore employer must process all flexible work requests. Minister of State for Manpower Gan Siow Huang stated that Singapore’s tight labour market and growing number of retirees who need caregiving are among the main reasons for implementing flexible…
Singapore Introduces New Grant of up to S$10,000 for Heartland Businesses Singapore’s heartland businesses now have the opportunity to revitalise their communities through innovative placemaking initiatives. The newly introduced Heartland Enterprise Placemaking Grant (HEPG) aims to support projects such as community engagement activities, public art installations, workshops, and thematic festivals. Minister of State for Trade…
Singapore Widens the Scope of Career Conversion Programmes Singapore’s Ministry of Manpower (MOM) has announced significant enhancements to the Career Conversion Programme (CCP). Effective from April 1, employers will benefit from increased salary support for hiring of mid-career workers and upskilling of existing employees. Upgraded Funding Assistance Under the revamped CCP scheme, employers can…
Significant Investments to Singapore Deemed as Critical Entities Will Be Reviewed Under New Bill Singapore recently joined 37 other countries in reviewing its investments in the country to ensure it manages significant investments into critical entities. Major nations such as China and the UK have been reviewing investments in their country to ensure essential businesses…