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Keyword : Singapore Economy

  • Budget 2018 responds to SME issues about expanding overseas, but will they work?

    By: admintest admintest | Feb 28, 2018 | Hits: 2081

    The Government’s observation in Budget 2018 of a “shift in global economic weight towards Asia” is timely. Singaporean companies have been shown to be able to perform well overseas. In 2016, a survey conducted by IE Singapore found that for small- and medium-sized enterprises that had ventured abroad, overseas revenue growth was significantly stronger than total revenue…..

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  • Transforming labour for the future economy

    By: admintest admintest | Feb 14, 2018 | Hits: 1737

    One of Singapore’s strengths has always been the quality of its manpower. At the same time, it is among one of the fastest ageing societies in the world. Research by the Institute of Policy Studies predicts that by 2060, the ageing population will create a drag of 1.5 per cent on Singapore’s GDP per capita…..

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  • Time to review government assistance to SMEs

    By: admintest admintest | Feb 14, 2018 | Hits: 1339

    There are two main schools of thought on the role of the Government in supporting our small- and medium-sized enterprises (SMEs). Some believe that the Government has done too much for our SMEs, has cultivated a sense of entitlement and dependency, and should take a step back and allow competition to separate the wheat from the chaff……

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  • Cybersecurity & SMEs in Singapore: Immediate Actions Required

    By: admintest admintest | Aug 14, 2017 | Hits: 2261

    Importance of Cybersecurity for SMEs Cybersecurity is now an integral part of business models – or should be. As Singapore’s economy becomes increasingly digitalised, it is important for businesses here to develop their cybersecurity defences. This is especially important for small and medium enterprises (SMEs), which currently account for 99 per cent of the nation’s…..

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  • Improving the Role of Private Education Institutions

    By: admintest admintest | Jun 14, 2017 | Hits: 1942

    With the government’s emphasis on lifelong learning and professional conversion programmes, is our private education industry the weak link in this effort, or is it ready to play a key role in shaping our workforce and the transformation of the Singapore economy? The outlook for private education institutions (PEIs) is mixed and uncertain for some……

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  • Say Yes to Renewing the Singapore F1 Grand Prix

    By: admintest admintest | May 08, 2017 | Hits: 2068

    In a few months’ time, the Singapore F1 night race will be upon us and the Government has to decide whether it wishes to extend the current contract for another five years. The Singapore Grand Prix (GP) has always had its naysayers, who question its financial pay-offs and point to negative externalities for the general…..

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  • Budget 2016: Transforming the Economy for Future Growth

    By: admintest admintest | Apr 22, 2016 | Hits: 2360

    Budget 2016 for business continues the themes of Budget 2015 — that Singapore is in the midst of economic restructuring and needs to press on with near-term concerns by supporting innovation, driving automation and skills development. Targeted initiatives and cost pressures What is new is the emphasis on value creation and innovative enterprises. Under the…..

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  • Budget 2016: Pressing on with Economic Restructuring

    By: admintest admintest | Apr 04, 2016 | Hits: 2036

    As noted by Finance Minister Heng Swee Keat in his maiden Budget speech on 24 March, Singapore is expected to face weaker prospects overall in the coming year. Yet, despite the looming cyclical headwinds, it is essential for Singapore’s economy to press on and complete the current economic restructuring initiatives that were started five years…..

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  • Singapore’s Labour Productivity Challenge

    By: admintest admintest | Mar 11, 2016 | Hits: 6888

    As a cluster development officer at the Economic Development Board, I once heard a quote, probably quite apocryphal, that was attributed to the then-Chairman of EDB Mr Lim Siong Guan. He supposedly said: “If EDB can already achieve so much, imagine our heights of excellence if we actually got our HR [Human Resource] processes right.”…..

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  • When Saving Jobs Can No Longer Ensure Welfare

    By: admintest admintest | Feb 23, 2016 | Hits: 2832

    Governments traditionally adopt two types of labour policies to alleviate recession pains. The first focuses on maintaining a minimum standard of living through entitlement programmes, and the second focuses on maintaining employment through lowered wages. However, with more traditional occupations being disrupted by rapid technological change, the choices governments face in the future will no…..

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