In Focus
Why banks might be causing flat mortgage growth
An analyst calls the banks' moves counterintuitive.
Singapore trumps Silicon Valley as top place for startup talent
It placed 12th in the overall startup ecosystem rankings.
Nearly 1 in 3 Singapore employees did not get bonuses in 2016
Over 35% said they didn’t receive even a performance-based bonus. According to the Job Outlook and Bonus survey by JobStreet.com, the average guaranteed bonus, or annual wage supplement (AWS), received by Singapore employees in 2016 beyond their 12-month salaries is approximately 1.45 months. “However, about 30% of the respondents stated that they did not receive any AWS last year. More than 35% of respondents did not receive any performance-based bonus too,” said the online job board. The survey also found that many job seekers are pessimistic about the job outlook, with 60.9% of them believing that it would be hard to find a job in 2017. It revealed that 68.9% of them believe that companies will likely put their expansion plans on hold and not hire new employees whilst 73% of them think that landing an interview and getting a job with good opportunities will be challenging. “This perceived outlook slightly deviates from our market sentiments. We saw a healthy increase in the number of job advertisements since December 2016. On average, we consistently have over 40,000 jobs posted on our website monthly. Hence, we believe that companies are still on a lookout for talent,” noted Chook Yuh Yng, country manager of JobStreet.com Singapore. The survey involved more than 400 respondents across various industries.
Four's a crowd: Why the outlook is uninspiring for Singapore telcos' mobile revenue
Average revenue per user could decrease 11-16% over the next five years.
Singapore M&A activity at a snail's pace in Q1
Value of announced M&A reached US$7.7b.
Why easing property curbs won't stop prices from crashing
Vacancy ratios, slower pace of immigration, and weak labour market to weigh on prices.
More employees are ditching their jobs for better-paying ones
Nearly 3 in 4 are seeking better compensation.
What the recent residential policy tweaks say about the Singapore government
It could be a meaningful signal that authorities are being cautious.
Who are the biggest winners in the recent tweaks on property rules?
Check out what market players have to say about the move.
MAS eyes using distributed ledger tech in cross-border payments
It will leverage the lessons from its inter-bank payments project.
More women to take on IT leadership roles starting this year
They are finally shattering the glass ceiling.
Singapore to aid PMETs facing redundancies
Wage support will be in place through the Career Support Programme.
Why the easing in Singapore PMI is a glass half full scenario for analysts
It still hovers in the expansion territory.
Singapore to lure more foreign startups amidst global protectionist sentiments
The government is kicking off the Startup SG branding.
What makes Singapore property attractive for foreign investors this year?
Here are some opportunities in each property sector.
Gender pay gap: Female executives earn just a little more than half of what their male counterparts do
Largest gaps were seen amongst firms with a market cap of $1b.
Should Singapore employees expect bigger paychecks this year?
34% of them look forward to a 6% pay hike.
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