Tuesday, June 28, 2022
More than 6,600 jobs are available across Changi Airport as the commercial aviation sector continues to recover. The mass hiring aims to fill “much-needed” positions to power Singapore’s travel recovery, Changi Airport Group (CAG) said in a recent update on its website. The vacancies are for both professional, manager, executive...
Malaysia maintains its upward trade momentum in April, registering the highest monthly value for trade, exports, imports and trade surplus. Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said total trade rose 21.3 percent year-on-year (YoY) to RM231.44 billion, the 15th consecutive month of double-digit...
Global inflation is expected to reach 4 percent in 2022, the highest rate since 2008, as the Russia-Ukraine conflict adds a “further powerful impulse” to inflationary pressures, said the Monetary Authority of Singapore (MAS). However, global inflation should ease to 2.2 percent in 2023 as supply challenges are addressed and...
Singaporean SMEs can expect the second quarter of 2022 to remain largely positive, with the further easing of Covid-19 measures and border controls at home and internationally. According to the OCBC SME Index, the 1Q22 Index came in at 50.5, marking 5 consecutive quarters of expansion. A reading above 50...
The Philippines and Singapore have signed an agreement that aims to support the financial education and digitization of Filipino SMEs. The memorandum of understanding was signed by Monetary Authority of Singapore (MAS) chief fintech officer Sopnendu Mohanty and Department of Trade and Industry-Philippines Trade Training Center executive director Nelly Dillera...
While the new minimum wage will weigh on glove makers’ earnings, the impact will likely be minimal as they have already been paying workers around the same rate as the revised statutory amount. Channel checks by TA Research found that for glove manufacturers under its coverage, foreign workers’ take-home pay...
Indonesia's agriculture ministry has said that crude palm oil (CPO) shipments would be excluded from a planned palm oil export ban. The ministry said in a letter to local government leaders that the ban would however include refined, bleached and deodorized (RBD) palm olein. It was still unclear whether products...
Singapore’s core inflation rose to a 10-year high of 2.9 percent year-on-year in March, up from 2.2 percent in February, official data released today has shown. The last time core inflation was at 2.9 percent year-on-year was in March 2012. The increase was driven by higher inflation for food and services,...
A recently published report has recommended the establishment of an inclusive regional network for SMEs in the agri-food sector in Europe. EIT Food North West, which is among eight EIT innovation communities, published the report based on insights from 100 agri-food SMEs in Ireland, the UK and Iceland. EIT Food is...
The UAE and South Korea have signed a memorandum of understanding to strengthen the partnerships between SMEs in the two countries and develop entrepreneurship. Both nations will promote a conducive business ecosystem and foster cooperation that will support SMEs and expand relations between their private sectors, the UAE Ministry of...
SMEs are urged to take the opportunity to correct any past indirect tax non-compliance under the Special Voluntary Disclosure & Amnesty Programme (VA Programme) implemented by the Royal Malaysian Customs Department (RMCD) to benefit from the full or partial remissions of tax/ duty/ levy/ penalty/ surcharge offered by the...
The government should not entertain the proposal to subsidise the RM1,500 minimum wage for SMEs that are unable to pay the sum, an economist said. Dr Geoffrey Williams of the Malaysia University of Science and Technology said although the proposal was viable, “it should not be done”. Williams said it would...

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