Singapore

New business registrations thriving despite slowdown

Registrations for the third quarter climbed to 14,243 from the previous year.

New business registrations thriving despite slowdown

Registrations for the third quarter climbed to 14,243 from the previous year.

Gotcha! Wholesale trader jailed for falsified GST registration

Cheater sentenced to six weeks behind bars and a $300k penalty.

Facelifted CMT malls attracting millions per month

Strong footfalls in JCube and Bugis+ are driving the trust's retail resilience.

New Lakeside Holdings names Zhang Jian as Chairman

He is also Executive Deputy General Manager of SDIC Zhonglu Fruit Juice.

8 rookie errors to screw up the hiring process

Everyone knows that hiring the wrong individual will end up costing your organisation far more than their monthly salary. Here’s how you can ensure that happens by screwing up the selection process with these rookie errors. Thankfully, we also give you tips on how to cover all your bases.

Why you should get laid off once in your life

Don’t get me wrong, I’m not cursing all my readers. Getting laid off and searching for another job can really suck. Some struggle to find a new one and even when they do, they often make less money than before.

Can you imagine an iPad/iPhone controlling your car?

We have seen the proliferation of mobile computing and its impact on our daily lives, so much so that at times one wonders if it has encroached upon our privacy. Ken Auletta, author of The Highwaymen, had observed the growing intensity of competition for control of the world's fastest growing industry: communications. The contestants are the huge Hollywood studios, the television networks, and telephone, publishing, and computer companies. Nonetheless, has anyone or could Ken have imagined the promulgation of “communications” into automotive? Can you imagine the tablet or smartphone becoming the central control console of your car? Is it so inconceivable to have a communication device such as the tablet or smartphone to manage the communication and applications in your car such as the radio, air-con, navigation system, etc? Now, telematics is a growing market for the automotive industry not limited to basic functions like the GPS. In fact, Telematics2.0 is an extension of traditional telematics utilising Smartphone technology within a telematics style solution. Henceforth, a smartphone or tablet could easily be a telematic device. Although the navigation system was launched in the market since the 1990s, adoption had been slowed as there were few map applications, and the navigation system was only a single function device. Today, devices such as the iPhone and Galaxy Note2 have a huge preloaded suite of applications, ranging from music, entertainment, games to LBS. Google maps is one of the most popular apps for smartphones. With such a huge suite of apps, the smartphone or tablet could easily replace the car radio and navigation system, provide entertainment such as music, movies and games, or be converted into the remote control for the air-con. One of the projected applications for the smartphone was eWallet, to be able to make payments via the smart chip. What about using this eWallet function to make toll, ERP or parking payments? Or replace the IU in the car? One of the major challenges would be the barrier erected by the automotive manufacturers, who want to design and build-in the telematic device into the car with functions and applications for managing the various components of the car such as the security and safety systems, connection to the ECU (engine control unit), remote diagnostics, etc. Notwithstanding such a hindrance, it wouldn’t be long before the smartphone or tablet become an integral part of the vehicle providing the driver with a wide range of applications at his finger tips to alleviate the burden of driving.

Why Singapore's current birth rates may not improve soon

I refer to the latest initiatives and suggestions by Singapore’s government and labor unions to boost the fertility rates in Singapore – from increasing of maternity leave, introduction of paternity leave, flexi work arrangements, child care subsidies and cultivating a work life balance etc. While I applaud these positive initiatives, I do not think this will have an immediate or huge impact on the current birth rates due to: “Career First, Settle Down Later” mindset Ask any graduate who just completed university, what are their immediate goals/plans or in the next 5 years. Almost 99% WOULD not say they want to start a family and have two or three children. Most would want to find a job with good salaries and progress in their careers within the next 2 – 3 years and beyond. “Not married, No kids – It is not a big deal” In the past, when you are not married by a certain age say 35 years old or not having children after several years of marriage, you are viewed as an outcast (during our parents’ time). Times have passed and things have changed dramatically. I have personally come across many of my peers who are either not married or married but with no intention of having a kid. Their response is always it is not a big deal and they do not see it as anything wrong or out of the social norm. “Earn More, Spend More” lifestyle As salaries increases, so do quality of life for most of us. From owning a car, more frequent holidays, dining at posh restaurants and buying designers’ brand goods, having a child can be seen as a liability and high monthly expenditure with no immediate/long term gains. “I think I Can Achieve More” mentality When you reached a certain status by a certain age, the natural thought that comes to your mind – what is next? Should I settle for status quo or push myself up to the next level? Humans being humans, they are greedy and competitive by nature and would naturally choose the latter. Again, having a kid at this juncture is not seen as a priority for most. Ability to juggle to the new “life” For those with children would admit that while it seems easy, it is in fact not as simple as one thinks to have a child and raise he/she up well. In fact, some people are extremely fearful. Lifestyle needs to be changed, financial prudence needs to be exercised and lots of sacrifices need to be made. Reflect and think what your parents have done for you while you were in growing up years. It is not only about the financial aspects of it but whether is one ready to be a father or mother? Enough has been said on the joy of starting a family and having kids. We all know that, the problem is overcoming the mindsets/obstacles. Parents’ nagging and pestering can only do that much, government’s support, incentives and encouragement can only push you a little bit more. Ultimately, it must be us, the current and future generations READY to tackle the challenges and overcome the mindsets. Some of us are just not as ready. *The views expressed above are my mine and not those of my company.  

Singaporeans will only return home if the price is right

Singaporeans currently working overseas are interested in returning home, but only if it’s on their salary terms. That’s one of the findings from the latest Hays Quarterly Report, covering the October to December quarter.

10 tips to ensure your business' operational continuity

In today’s highly dynamic global marketplace, planning and preparedness are the best defenses against emergency situations. It is important to have a detailed plan in place outlining the actions needed to maintain business operations in times of emergencies. Failure to plan ahead may result in lost revenue, lower productivity and customer dissatisfaction, as well as damage to the company’s brand reputation. While, in some cases, certain factors are external and beyond control, there are still ways to prepare and cope with unforeseeable situations, thus mitigating significant losses for the company. Here are the following ten tips for businesses and governments that can help ensure operational continuity.

Keong Hong Holdings appoints Desmonde Chong Wai Swee as Chief Operating Officer

Mr Chong will oversee all the day-to-day operations of Keong Hong Construction.

OUE mulls over buying F&N shares

When will the bidding ever stop?