News & Views

Reports indicate that over four in five Singaporeans are contemplating a job change in 2024, expressing confidence in securing new employment despite a cooling labour market. A recent LinkedIn survey conducted among 1,057 professionals, as reported by The Straits Times, revealed that 86% are actively considering a career move this year, marking a notable increase

As of January 2024, the Asia-Pacific (APAC) region stands as the beacon of economic growth, poised to lead the world economy in 2024. This anticipated prosperity is underpinned by robust domestic demand in East Asia and India, marking a continuation of the rapid expansion witnessed in 2023. GDP Growth and Key Factors: The APAC region

In the ever-evolving landscape of sustainable finance, the year 2024 is poised to witness a significant shift towards investing in firms and industries that are actively transitioning towards a low-carbon future. Despite rising interest rates, the demand for sustainable finance products in China and the Asia-Pacific region remains robust, according to insights from fund managers

The current talent market in Asia-Pacific countries is being characterised as unpredictable. With unemployment rates returning to pre-pandemic lows, a surge in job openings, and global organisations expanding in the APAC region, HR leaders are facing challenges in recruitment and retention. Despite this unpredictability, there is an opportunity for companies to navigate the market more

In a significant shift, more employers worldwide are embracing a return to the office during the first half of 2023, according to a recent report by JLL. The data indicates that 35% of workers were back in the office five days a week, compared to 25% in the second half of 2022 and 20% in

Singapore, a dynamic hub for global tech giants, is set to triple its artificial intelligence (AI) experts to an impressive 15,000 as part of a bold national strategy, as announced by Deputy Prime Minister Lawrence Wong. The nation, home to Asian headquarters for tech titans like Google’s Alphabet and Microsoft, is positioning itself for a

The Asia-Pacific (APAC) region is on the cusp of a substantial surge in job opportunities, driven by the expected growth in total mobile communications services revenue. Projections from GlobalData, a leading data and analytics company, indicate that the revenue in the APAC region is set to experience a robust compound annual growth rate (CAGR) of

In a proactive move to address the persistent issue of a brain drain in Hong Kong’s civil service, Secretary for the Civil Service, Ingrid Yeung Ho Poi-yan, has called for increased year-round recruitment and simplified hiring procedures across various government departments. This comes in the wake of over 10,000 employees leaving their positions in the

The Asia-Pacific (APAC) region is undergoing a seismic shift in its business landscape, with labor shortages and talent migration reshaping the dynamics for companies across the region. The confluence of rising salaries, intensified talent competition, and a changing work culture is ushering in transformative impacts. While competitive salaries are a crucial factor in attracting top

Earlier this month, a record 302,000 people attended Singapore’s first Formula 1 car race in three years. Some forked out $900 for a grandstand seat for three days, while others booked hotel suites overlooking the Marina Bay track for as much as $10,000. Nightclub tables were fetching up to $70,000 per evening. It was a

Singapore aims to add as many as 20,000 finance jobs over five years as the government seeks to bolster areas including wealth management and sustainable financing. The Asian financial hub is projected to add 3,000 to 4,000 net roles on average every year during 2021 to 2025, while the financial sector will grow by 4%

 Digital skills are increasingly in demand in Asia-Pacific, with 75 percent of employers in four countries reporting a rise in demand for new hires with digital skills over the last five years, according to a new joint report by the Asian Development Bank (ADB) and LinkedIn released on Thursday. According to the survey, most employers

On January 14, 2019, the Singapore Parliament passed its comprehensive Payment Services Act (PS Act), replacing the former Payment Systems Oversight Act and Money-Changing and Remittance Businesses Act to broaden the scope of regulated payment activities to include emerging trends and industries like digital assets and cryptocurrencies. The legislation, which aims to provide regulatory certainty

After a record-breaking year 2021, global funding is slowing dramatically in 2022 with fintech companies raising a total of US$108 billion in H1 2022, data from KPMG show. But despite the current global slowdown, Singapore has nevertheless managed to weather the tumultuous market conditions rather well, with fintech funding remaining strong. Moving forward, the momentum

The groundswell of digitalisation that forced whole industries and services online in 2020 during the early onset of the COVID-19 pandemic, only continued growing in 2021 despite the return to office-based work and vaccine rollouts across the globe. Corporations, SMEs, and end users alike, having tasted the widespread benefits of e-commerce, digital payments, and other