Tag: Economy Watch

Australia’s unemployment rate rises despite record new jobs

By HR ASIA Australia's unemployment rate rose slightly, to 6.3 per cent, in November, despite the creation of more than 40,000 jobs during the month. The Australian Bureau of Statistics said on Thursday that the number of people employed rose by 42,700 to 11.64 million in...

WSQ framework undergoing revamp

By HR ASIA SINGAPORE: The Singapore Workforce Skills Qualifications (WSQ) framework is undergoing a revamp to give Singaporeans more opportunities to deepen skills as they progress in their careers. It will cover more sectors and more Professional, Manager and Executive or PME-type jobs....

Academic dismisses Forbes commentary, but says….

A stinging commentary in Forbes about Singapore's march towards an Iceland-like economic meltdown is making the rounds online. Here, academic Donald Low digs into the article dismissing its main thesis but saying there are some valid points that the government should not ignore. -- You...

The smell of money

When it comes to smelling, chasing and pocketing money, Singapore has a way of punching above its weight. Ideology and principles take a back seat, human rights violations are not a bother and chaotic politics are not an issue. It is the honey pot...

Singapore's innovation trap

By Thusitha de Silva When Morgan Stanley’s head of emerging market equities, Ruchir Sharma, recently excluded Singapore from his list of breakout emerging countries in the next decade, not many would have been surprised. His remarks were related to growth prospects of countries he singled...

Watch the ships for signs of the economy

PSA
By Thusitha de Silva With another economic malaise hovering over the horizon, what are we in for? Repeat of earlier crises or just a correction? Contrary to the popular narrative, Singapore has a key natural resource, namely its location. This has helped Singapore develop as a...

MAS Tightens Unsecured Loans: How It Will Affect You?

Do you enjoy being in piles of debt? Does your definition of “a good time” involve rolling around in unpaid bills, like some kind of reverse Scrooge McDuck? No? Well a significant number of you must be lying, because the government seems sure you...

African economy on the rise

By Gabriel Yap Africa has posted economic growth of 5% per annum over the past five years. A figure forecast by the IMF to increase to 5.5% this year and 6% in 2014.  It seems that the Eurozone crisis or the Fed Reserve change in...

The numbers and the realities

Singapore News
By The Independent Good news on GDP. But MTI confirms that importing more foreign workers in 2003-2008 led firms to substitute workers for machines, dampening productivity growth. The Ministry of Trade and Industry increased its GDP forecast significantly, from the 1% to 3% range to the...

Chasing the economy's tail

By Charles Tan There's something special about anniversaries.  They mark an event of significance, such as a birth, death or union; but they are not simply a commemoration of the passage of time, rather, they are an opportunity for reflection and renewal.  And so, with National...