Singapore

9 in 10 companies slam current wage guidelines

33% believe that the format will incur higher wage costs.

9 in 10 companies slam current wage guidelines

33% believe that the format will incur higher wage costs.

Flights in Changi Airport soared by 6.4% in June

But shipment volume declined by 1% yoy.

Two residential sites up for grabs at Dairy Farm Road, Punggol Walk

The land parcels to be released this month are estimated to yield 950 housing units.

Singapore as an IP hub for Asia – To be or not to be

While there is growing advocacy for the importance of intangibles in every country, organisation, and industry segment - big or small, the recently held IP week in Singapore forces you to think that perhaps a lot more needs to be done to establish the importance of the country as an IP destination of choice where organisations and brands of repute can effectively park and manage their IP, most important of which is the brand.

Should you use social media to background check job applicants?

Two in three jobseekers alter their social media profile when job searching because they believe employers will review their profile when making their hiring decisions. But are employers using this information? If so, should they? According to a survey on our website of 585 Singaporeans, just one in three (33 per cent) are not altering their social media habits when job searching. But 50 per cent said they change their privacy settings when job searching and the remaining 17 per cent untag pictures and edit content. Clearly candidates are becoming more responsible with their social media profile. Perhaps this is because a growing number of hiring managers believe that content on social media sites can give a good insight into a candidate’s character and likely cultural fit with the organisation. For example, a Facebook profile with a public setting, content on video-sharing sites or on forums or blogs may reveal information that could make you see a candidate in a different light. If you want to use such information as part of your assessment process when recruiting, then our advice is to remember it is just another tool to consider, not a be-all and end-all. Taking the time to get to know someone face-to-face, using behavioural-based interviews and conducting a thorough reference of previous employers remain the most successful method of assessing candidates. If you still want to extend your vetting process to include social media, consider that you need to tread very carefully. For example, Facebook has issued a warning that demands for login information could leave organisations open to legal liabilities[i]. Where we do advocate the use of social media is through using professional sites such as LinkedIn to verify past employment or education, and through reading content the candidate has blogged, particularly content relevant to the industry or particular job function they are being considered for. Of course, you can also make social media work for you by incorporating it into your candidate attraction process. For example, many organisations are using Twitter to inform candidates of vacancies as they arise, are using Facebook to post event details or news stories, and are linking the careers page of their website to their relevant social media. Hays, the world’s leading recruiting experts in qualified, professional and skilled people.

Singapore has the world’s worst taxi drivers

That’s a statement not a question for a reason. It’s true. Singaporean taxi drivers are the world’s worst. I love living in Singapore but the one thing that winds me up no end is taxi drivers lack of ability to do their basic job, take me from point a to point b. First question they always ask when you get in a cab, which way do you want to go. Now they don’t ask this as they do in other countries where they may be asking for the choice of directions that the customer wants to go.

Reducing a fruitless limbo called commuting

A fruitless limbo between personal and work time, it is not surprising that commuting is regarded as one of the least enjoyable things in life1.

Industrial production to register a meager 2.6% in June: DBS

But an upside surprise awaits as export sales rose 6.7%.

Singapore dollar starts the week at $1.2597

The local currency has kept up its strengthening against the greenback as traders start the build-up to a key Fed meeting, says IG Markets Singapore.

Raffles Medical Group's S$12.4m profit in Q2 disappoints analysts

PATMI inched up 6.9%, but it's slightly below OCBC's expectations.

Crazy inflation to rocket 70% higher than the 30-year historical average

High domestic inflation averaging 4.5% in 2012 is here to stay.

Singapore banks' profit to slump 18% in 2Q12

The large trading gains in 1Q will unlikely be repeated this time around.

Local market ‘faces uphill battle’, says analyst

The STI had already shown some negative signs last 20 July 2012, according to OCBC Investment Research.

Chart of the Day: NODX up, thanks to Hong Kong

Hong Kong was the top contributor to Singapore’s Non-Oil Domestic Export increase in June 2012.

97% of retiring Singaporeans offered re-employment

Virtually all Singaporeans who hit the retirement age of 62 are guaranteed an option for continued work due to the tight labour market.

SGX denies rumors on LSE merger

The bourse said it was not in talks with the London Stock Exchange to form what could have been the world's third-largest exchange group.

Singapore NODX strength faces regional pressure

A prevailing weakness in regional trade could hamper the country's suprisingly robust non-oil domestic exports, says BofAML.