Stay updated with breaking news from Sloan Programme. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
SINGAPORE: Food outlets and retailers affected by COVID-19 Phase 2 (Heightened Alert) restrictions will get help to offset their delivery costs ...
5 minute read In the recent Budget 2021, DPM Heng Swee Keat talked extensively about innovation as a key economic driver for Singapore’s recovery from the pandemic in 2021 and beyond. Creating a vibrant business community will require innovation and disruption, lest they be caught out by the rapidly changing winds of technology and geopolitics. Singapore’s recovery hinges on innovation because businesses provide not only goods and services but also jobs. If businesses can find unique and better solutions to existing problems in the country and the wider region, they stand a better chan...
As the situation was rapidly deteriorating in 2020, the government introduced unprecedented measures to bolster the Singapore economy and jobs market. This included the SGUnited Jobs & Skills Package, which had the aim to create 100,000 openings for jobseekers, as well as salary support schemes as the Jobs Support Scheme (JSS) and Jobs Growth Incentive (JGI). Read Also: With the measures in place, there still remained the softer side of helping jobseekers overcome barriers to getting new jobs. In the Jobs Situation Report (18th Edition), the government spotlights the top 5 challenges tha...
5 minute read While employers may wish for their employees to stay with them for a long time and to grow their business along with them, the reality is that employees come and go. In the same way employers do not have to continue working with employees who fall short of their expectations, employees can leave when they find another position they value more. In fact, the Ministry of Manpower (MOM) clearly states that “all employees, including those on fixed term contract, can resign at any time, as long as they serve the require notice”. In short, employers cannot reject an employee’s ...
As governments around the world moved to contain the coronavirus by imposing lockdowns and shutting businesses, the Ministry of Finance (MOF) had to quickly adjust last year's five Budgets. By adapting to the crisis, Singapore averted a deeper economic recession and prevented its unemployment rate from spiking by a further 1.7 percentage points. In its interim assessment of the impact of key Covid-19 budget measures released yesterday, the ministry said the pandemic demanded a coordinated response across the public health, economic and social domains. The Government, in turn, responded with a...