SINGAPORE - The initiatives in Singapore s latest Budget will help keep the worst-hit firms afloat while supporting others in transforming and expanding, said experts at a roundtable discussion organised by The Straits Times and UOB on Wednesday (Feb 17).
They underlined that such initiatives are especially important as government resources are finite and will have to move towards helping growing firms to innovate and stay competitive.
They also noted that as the Jobs Support Scheme (JSS) tapers off, the Budget announced on Tuesday has introduced new measures to help businesses grow rather than return to the status quo.
Mr Douglas Foo, president of the Singapore Manufacturing Federation and vice-chairman of the Singapore Business Federation, said at the event: The Budget is able to target the short-term challenges that enterprises are facing, so it s very focused on some of those groups that are heavily impacted, like aviation and tourism, and at the same time. there are also ini
Published: 18 February 2021
The Union acknowledged that the implementation of PWM must be quickened, citing a push in six sectors, including strata management, pest management, and solar technology. This, in turn, could potentially benefit about 80,000 workers.
The National Trades Union Congress (NTUC) has announced that uplifting the wages of lower-wage workers in Singapore will remain a top priority for the Union in 2021.
In that vein, the formation of the Tripartite Workgroup on Lower-Wage Workers (TWG-LWW) in 2020 was a show of commitment by the tripartite partners to do more to uplift the wages of more lower-wage workers faster, NTUC noted in a press release.
The Straits Times
Reskilling workers critical in next few months as Jobs Support Scheme tapers off: Labour MP
Our panel – moderated by ST associate editor Vikram Khanna – discusses the initiatives put forward in DPM Heng Swee Keat s Budget 2021.
PublishedFeb 17, 2021, 8:41 pm SGT
https://str.sg/JHQr
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Plans to unionise Twelve Cupcakes under way Toggle share menu
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16 Feb 2021 11:53AM (Updated:
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SINGAPORE: The Food, Drinks and Allied Workers Union (FDAWU) announced on Tuesday (Feb 16) that it plans to unionise confectionery firm Twelve Cupcakes, which was found to have underpaid foreign employees over about two years.
The union aims to “represent and speak up for the employees, and work with the management to educate on the fair employment legislation and practices, and their responsibilities and care towards their employees’ welfare,” its General Secretary Tan Hock Soon said in a media statement.
Cooperatives vital for nation’s growth 16 Feb 2021 / 21:28 H.
THE cooperative movement should be strengthened and promoted in urban areas, as part of measures to contain inflation, introduce more choice and intensify competition.
In fact, Prime Minister Tan Sri Muhyiddin Yassin himself had precisely made the suggestion that the cooperative movement can help tackle rising cost of living. With government support, cooperatives can be a dominant force in the supply chain and ensure prices are stable and low over the long term.
This is in line with the government’s Prihatin approach to the economic challenges the country is facing. The cooperative movement can be described as not-for-profit “people-centred enterprises” owned, controlled and run by and for their members to realise their common economic, social, and cultural needs and aspirations.