SINGAPORE – More companies are set to freeze wages over the next year as business confidence weakens because of ongoing economic uncertainties, a Singapore Business Federation (SBF) survey released on Aug 28 found. Business satisfaction with the current state of the economy has slipped to 33 per cent, from 35 per cent the previous year; more companies…
SINGAPORE: Zoom Communications, the company behind the widely used video-conferencing platform, opened its new Singapore office in Marina Bay on Thursday (Aug 21). Located on the 24th floor of IOI Central Boulevard (West Tower), it will replace the company’s previous office, which was located in a co-working space at Asia Square Tower 2. The new…
SINGAPORE: The government has accepted recommendations on the Progressive Wage Model (PWM) for the retail sector, which set out a three-year schedule of sustained wage increases for workers. The new schedule will apply to more than 53,000 resident full-time and part-time retail workers from Sep 1, 2025 to Aug 31, 2028, said the Ministry of Manpower (MOM) on…
SINGAPORE – United Microelectronics Corp (UMC), a major chipmaker, on April 1 opened a new facility in Singapore that is expected to create about 700 jobs over the next few years. The Taiwanese global semiconductor foundry said the advanced fabrication facility, or fab, in Pasir Ris will be injected with up to US$5 billion (S$6.7…
SINGAPORE – Amazon Web Services (AWS) is expanding its workforce in Singapore, with more than 100 job openings across its cloud business and corporate functions. The new hires – including in software engineering, machine learning and artificial intelligence (AI), data science and solutions architecture – will add to the 2,500 workers it currently employs here,…
SINGAPORE – Things are looking up for job seekers here, with a poll of employers showing that nearly half plan to hire in the fourth quarter of 2024, the first uptick in sentiment for the year. A total of 46 per cent of companies surveyed plan to increase their headcount, while 36 per cent plan…
SINGAPORE – Singapore’s factory output improved across the board in August, with electronics production climbing to its highest in six years and overall manufacturing activity at its best in just over three years. The purchasing managers’ index (PMI), a barometer of the manufacturing sector, rose to 50.9 points in August, up from 50.7 points in the…
SINGAPORE – More than 10,000 people here will be trained in advanced data and artificial intelligence (AI) skills over the next three years, as part of a partnership between Databricks, NTUC LearningHub and the National University of Singapore’s (NUS) ICT Academy. The data and AI firm will collaborate with the two in offering data and…
SINGAPORE – German chemicals giant Evonik opened its expanded facility on Jurong Island on Aug 28. The expansion will increase annual output by 40,000 tonnes, making the complex the largest methionine production facility in the world, with a market share of over 40 per cent. The chemical is used to feed farm animals. The plant…