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A Budget with something for everyone:PwC
The spectre of inflation – possibly reaching 4% this year – and an economy bouncing along very nicely meant that there was no need to pump prime anything.
A Budget with something for everyone:PwC
The spectre of inflation – possibly reaching 4% this year – and an economy bouncing along very nicely meant that there was no need to pump prime anything.
Singapore needs major employment overhauls to meet productivity targets
To achieve 30% increase in productivity, companies need to devise competitive and cost effective health care, financial security, work/life balance, and other benefit programs.
Less than 2 in 10 Singaporeans are ready to retire financially: Nielsen
47% of Singaporeans are uncertain about their financial capability to retire.
Singapore to break free from reliance on foreign workers:KPMG
The proposed increase in foreign worker levies shows how the government wants to do away with the reliance on foreign workers and push productivity growth.
Government to spend $560mn to aid SMEs
One of measures the government will provide for SMEs is the 20% corporate income tax rebate.
Foreign worker levy for construction sector to be raised by $200
Average levy per foreign worker will be further raised by $60 for the Manufacturing sector and $180 for the Services sector.
CPF contribution rate will increase to 36% in 2011
Employer CPF contribution rate will be raised by 0.5 percentage points.
Government to spend $520m for businesses to enjoy lower tax
Singapore businesses will be allowed to deduct 400% of their expenditures from their taxable income.
A record US$5bn poured into Singapore real estate investment in 4Q 2010
Real estate investment volume in Singapore accounted for 31% of Asia's total volume for the last quarter of 2010.
Total trade skyrocketed to $902bn in 2010
Singapore’s total trade rose by 21 per cent in 2010 after a decline of 19 per cent in 2009.
Singapore economy will expand 5% in 2011:OCBC
The IR-tourism sector, healthy FDI and generous FY2011 budget may push the economic growth on the higher end of the official 4 to 6 % forecast.
72 % of Singaporean companies are budgeting a pay rise for staff
But its not all good news, with 41% of companies having no plans to hire and 6% planning to fire staff this quarter.
Exports fell 2.2% in January m-o-m, but still up 20% for the whole year
The better-than-expected y-o-y growth was led by electronics and pharmaceuticals.
Singapore economy will grow 5.2%:HSBC
Financial services will be the main driver for growth in 2011.
Government warns inflation could rise up to 6 % in 1H 2011
Singapore economy is facing a tighter labour market and inflationary concerns that may prompt further monetary tightening.
Dramatic slowdown in senior recruitment saw job ads fall 9% in 4Q 2010
The demand for senior, high profile roles which are not usually advertised partially caused the decrease in job advertisement volume.
Government forecasts economy could grow 4 to 6% in 2011
But the Ministrry of Trade and Industry warns several downside risks remain..
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