Singapore's National Wages Council recommends pay increase ...
6 days ago · Singapore's National Wages Council (NWC) has recommended that Lower-Wage Workers (LWWs) earning a gross monthly wage of up to $2,500 be given a built-in wage increase of 5.5-7.5 per cent of gross monthly wage, have their wage increased by at least $100-$120, whichever is higher.
Singapore GDP grew 2.1% last quarter on manufacturing rebound
3 days ago · The city-state earlier this year narrowed its forecast for 2024 GDP growth to a range of 2%-3% from 1%-3% previously, in a sign the recovery will maintain its momentum. “The manufacturing sector expanded by 7.5 per cent year-on-year in the third quarter of 2024, rebounding from the 1.1 per cent contraction in the previous quarter,” the ...
Singapore’s most famous home poses fresh headache for new PM
6 days ago · By Low De Wei. (Bloomberg) — Barely six months into his premiership, Singapore Prime Minister Lawrence Wong is confronting a fresh political headache over an unlikely issue: a colonial-era bungalow feuded over by the children of the city-state’s revered former leader, Lee Kuan Yew. The future of the home at 38 Oxley Road near Singapore’s ...
Singapore Colleges Are New Travel Hotspot for China’s Tiger Moms
4 days ago · Singapore Colleges Are New Travel Hotspot for China’s Tiger Moms. A view of the National University of Singapore campus. (PHOTO: REUTERS/Edgar Su) By Low De Wei and Bernadette Toh. (Bloomberg) — When millions of Chinese flew abroad for the Golden Week holiday, not all plans involved visiting museums, high-rolling in casinos or relaxing on a ...
Typhoon-hit Southeast Asia to see rainier end to 2024
2 days ago · Typhoon-hit Southeast Asia to see rainier end to 2024. (Bloomberg) — Southeast Asia could see higher-than-normal rainfall in the coming months, threatening further disruptions to agriculture, tourism, and industrial output in a region already hit by a series of storms this year. Weather forecasters predict wetter conditions from the ...
Singapore MAS to hold currency settings in face of sticky prices
6 days ago · By Swati Pandey. (Bloomberg) — Singapore is set to buck the global easing trend and keep its policy bearings on hold as officials use the strength of the currency to tackle still-exorbitant living costs. The Monetary Authority of Singapore is expected to keep the slope, centre and width of its currency band steady, though policymakers may ...
Top Stock Market Highlights of the Week: TSMC, People’s Bank ...
6 days ago · TSMC released a sales report for September 2024 that beat estimates. The world’s largest chipmaker reported revenue of NT$251.87 billion, up 39% year on year from NT$180.4 billion a year ago. For the quarter ending 30 September, sales came in at NT$759.7 billion, beating analysts’ estimates for sales of NT$748 billion.