Economy

Asia-Pacific companies planning larger pay raises in 2022: Survey

SINGAPORE (THE BUSINESS TIMES) – Employers in the Asia-Pacific plan to give the highest 2022 salary increases compared with North America and Western Europe, which are expected to stay flat, according to findings from a Willis Towers Watson survey. Asia-Pacific companies estimate average salary increases of 5.3 per cent for executives, management and professional employees […]

Business

EDB launches new campaign to signal S'pore is ready to fly again

Singapore is facing its toughest crisis in a generation, but it is in this time that the country and its people find the resilience and resolve to take on the impossible. This is the message the Economic Development Board (EDB) is sending to the world in a new marketing campaign video titled Dear World, launched […]

Economy

S'pore job offers being cancelled amid recession: Recruiters

Job seekers in Singapore are seeing signed employment contracts rescinded as businesses cut back on hiring during the coronavirus pandemic-triggered recession, recruiters say. There was a spike in cases of companies cancelling job offers in late March and early April, said Mr Rob Bryson, managing director of recruitment agency Robert Walters Singapore. Unlike the global […]

Economy

Singapore aims for cheap tests, vaccine to speed up economic recovery: Chan Chun Sing

SINGAPORE (BLOOMBERG) – Singapore Trade and Industry Minister Chan Chun Sing said a faster economic recovery from the coronavirus pandemic would depend on the availability of affordable, rapid test kits and the rollout of a vaccine. “If either one of these or both come about in the next few months, then I think there’s a much […]