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News Snippets
2005
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Prime Minister's New Year Message 2006 |
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"We grew by 5.7%
in 2005, better than expected. Growth was broad-based.
Manufacturing output rose sharply and the services
industries also did well... |
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"In the first
three quarters, we created 78,000 jobs. This reduced the
unemployment rate to 3.3%. For the whole of 2005, employment
creation should match or even exceed the 108,500 jobs
recorded in 2000. |
| "Wages increased by around
4% and many workers enjoyed good bonuses. Overall,
Singaporeans have become more confident and optimistic..." |
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More..... |
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CPF Board tightens admission criteria for new CPFIS funds
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New terminal for low-cost carriers to open on 26 March 2006
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Singapore Labour Market 3rd Quarter 2005
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52 illegal foreign workers nabbed in raids at 13 coffee shops
Significant trends in the Singapore labour market |
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"Today, services make up seven out of every
ten jobs, compared to six out of ten jobs in 1990. In particular,
employment within the financial and business services sector has more
than doubled since 1990... |
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"But there is also a third, important trend,
and that is that people will have to change jobs more often in their
lifetimes..." |
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More..... |
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NAFA bags prestigious honour at British Business Awards
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Performance of Singapore economy in 3rd quarter 2005
NUS Corporatisation Bill |
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"The new legislation aims to safeguard the
Government¨s strategic interest in the university sector and
yet, give the universities the autonomy to be nimble and
responsive to the dynamic landscape... |
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"The NUS Bill also provides the legislative
provisions to transfer NUS¨ property, rights and liabilities to the
successor university company, and will repeal the existing NUS Act which
establishes NUS as a statutory board..." |
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More..... |
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Foreigners to get no subsidy at polyclinics from 2006
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Recovery of the Property Market |
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"The property
market recovery is not confined to the private housing
sector. All the other sectors of the property market are
recovering in tandem with the strong growth of our
economy... |
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"In 2006,
Singapore¨s GDP is projected to grow by another 3% to 5%.
Robust growth in the manufacturing, tourism and financial
sectors, and the diversification of our economy into new
areas like the life sciences, education and health, are
helping to drive growth in our economy..." |
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More..... |
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Emergence
of New Poor a worrying trend
Survey shows some companies infringing software copyright
law |
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"...a recent survey highlighted that for
small medium enterprises, nearly a third of them are still
not fully compliant in the proper usage of software products
in their business environment. This could be as a result of
the use of illegal software or under-licensing the use of
software products... |
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"The survey also found that among those who
were non-compliant, a significant number were smaller
companies, averaging ten workstations or less. 47.3% of this
group were non-compliant... |
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More..... |
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Employment Situation in 3rd Quarter 2005
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Compulsory day
off for maids
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Update, renew & terminate 45 different licences online
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SingTel launches e-surveillance service for businesses
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Recent trends in employment creation
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Singapore household debt and credit card bankruptcies
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Compulsory registration for pre-paid SIM card holders |
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"From 1 November, mobile service providers,
such as the Singapore Telecom Mobile Pte Ltd, StarHub Mobile Pte Ltd and
MobileOne Ltd, will be required to ensure compliance in recording the
personal details of all customers who buy prepaid SIM cards... |
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"...all existing prepaid SIM card users are
required to re-register at retail outlets which sell prepaid SIM
cards sold by their respective mobile service providers. |
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"Customers must be at least 15 years old
before being eligible to purchase a prepaid SIM card..." |
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More..... |
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Key indicators on Singapore's Corporate Sector 1999-2003
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CapitaLand acquires Seiyu stores in Singapore
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Treasury survey shows foreign exchange trading reaching 7 year high
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2nd reading of Public Transport Council (Amendment) Bill
2005 |
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"The 2 PTOs estimate
that fare evasion on buses occurs on about 1.8% of passenger trips. Even though this figure may appear to be low, we should not condone
fare evasion. Otherwise, the majority of commuters who pay the
correct fares will be subsidizing the small minority who abuse
concession passes, avoid paying or intentionally underpay fares.
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"Hence, to provide
greater deterrence against fare evasion, the PTC will be
introducing a penalty fee of $20 for the underpayment and
non-payment of fares; and $50 for the abuse of fare
concessions..." |
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More..... |
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Salary dispute resolved with Manpower Ministry's intervention
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Draft Casino Control Bill released for public consultation
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Study Mum Situation in Singapore |
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"As at end Jul
05, there were about 6,800 study mothers in Singapore of
whom some two-thirds were from the PRC... |
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"As at end Jun
05, less than 1,000 study mothers were holding Work Permits..." |
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More..... |
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58 foreign workers arrested for having no work permits
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Transit passengers at Changi Airport get to explore Singapore
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Medical subsidies for foreign workers being reviewed
CPF - Future Directions |
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"By 2030, one in
five Singaporeans will be at least 60 years old. With
families getting smaller, we will have fewer children around
to support us in our old age. |
| "Part of the answer is to
get workers to work longer and retire later. But another
part is to ensure that Singaporeans have enough savings to
continue enjoying financial security and good medical care
throughout our lives..... |
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More..... |
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Police raid company using pirated software
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MAS enhances corporate governance for banks & insurers
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Singapore Labour Market - 2nd Quarter 2005
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Singapore voted world's Best Business City
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Workfare to help low wage workers in six key areas
Financial Industry Disputes Resolution Centre launched |
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"First, by
handling all disputes that relate to forms of financial
transactions, it provides consumers the convenience of a
one-stop centre... |
| "Third, FIDReC is
affordable. To ensure easy access, mediation services will
be free. If current trend continues, it means that 95% of
all cases handled by FIDReC will be free. Should
adjudication be needed, consumers will pay just $50." |
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More..... |
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Man arrested for using counterfeit credit cards in Sim Lim Square
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Prime Minister's National Day Rally Speech 2005 |
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If you compare us with other countries, you
go to Thailand, for example, whether it's a man or woman, the man will
say Sawadikup or the woman will say the Sawadika. You go to
Japanese restaurant, Irrashaimasse. Or you go to India, they say
Nemeste or Varnakam. You go to Australia, they say Good Day mate! |
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In Singapore, they go straight to the point.
＾How can I help you?￣ Or if you're not so lucky, ＾What you want?￣ |
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More..... |
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Three arrested for illegally distributing copyrighted songs
online |
| "A pre-dawn raid on 3
locations by the Police on 17 August 2005 saw the arrest of
3 male subjects aged between 16 and
22 years old for distributing infringing copies of copyrighted music on
the Internet. |
| "The 16 year-old student, 21 year-old
unemployed man and 22 year-old factory operator were arrested in their
respective residences..." |
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More..... |
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Key Survey Findings on Services Sector 2003
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Private sector to build and sell HDB flats
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Performance of Singapore Economy in 2nd Quarter 2005
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Employment Situation in 2nd Quarter 2005
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Findings of First National Financial Literacy Survey |
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"The majority of Singaporeans save, monitor
their spending and are generally responsible in the use of credit... |
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"While these findings are positive, the
survey showed that many do not have a clear idea of how much they would
need for their retirement. |
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"Many have also not set aside sufficient cash
savings to meet emergency needs. In addition, the majority are not aware
of the key features of common financial products such as life insurance
policies and unit trusts..." |
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More..... |
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Smoking ban to be extended to hawker centres, coffeeshops &
entertainment outlets |
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"The ban at hawker centers and coffeeshops
will take effect from 1 July 2006, while the ban at entertainment
outlets will start on 1 July 2007... |
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"The smoking ban at coffee shops will come
into effect on 1 Jul 06. Smoking will be banned within the indoor
refreshment areas (IRA) of coffeeshops. However, coffeeshop operators
may designate up to 20% of the seats in their outdoor refreshment area (ORA)
as a smoking corner..." |
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More..... |
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Strong performance in financial services sector in 2004
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2nd Quarter 2005 Real Estate Statistics
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Money-changing & Remittance Businesses (Amendment) Act |
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"Currently, a holder of a remittance licence can be set up as a
sole proprietorship, a partnership or a company. The proposed amendment
will require the holder of a remittance licence to be incorporated as a
company and to have a minimum capital of S$100,000." |
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More..... |
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Policy changes affecting the property market |
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increase the
housing financing limit to 90% of the property value |
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lower the cash
payment for private residential properties from 10% to 5% |
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allow CPF members
to use their CPF savings to purchase private residential
properties with remaining leases of 30 to 60 years |
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allow non-related singles to
use their CPF savings to jointly purchase private residential
properties |
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phase out the
Non-Residential Properties Scheme (NRPS) by 1 Jul 2006 |
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allow foreigners
to purchase apartments in non-condominium developments of less
than 6 levels without the need to obtain prior approval |
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More..... |
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Raffles Hotel to be sold to US-based investment fund
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5-day clearing week for banks from 15 May 2006
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Police arrest 15 men for distributing pirated software
- CISCO
guards don new uniform
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Olympic fever set to hit town with IOC meeting in July 2005
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Singapore Labour Market Report - 1st Quarter 2005
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MRT extension to link NEL's Chinatown station to Marina Bay
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Key Survey Findings on Education Services 2003
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Give your view on changes to Income Tax Act
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Government accepts NWC's wage guidelines for 2005/2006
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Key Survey Findings on Health Services 2003
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Performance of Singapore Economy in 1st Quarter 2005
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'Intelligent Nation in 2015' vision for Singapore
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Singaporeans must adapt and seize opportunities created: PM Lee
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Employment Situation in 1st Quarter 2005
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1st Quarter 2005 Real Estate Statistics
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Singapore to have two IRs with a casino each
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Retrenchment & Re-employment in 2004
- MAS
Monetary Policy Statement
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Singapore Public Holidays 2006 Gazetted
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Man jailed for employing foreigners without work permits
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Ministry of Manpower fine tunes foreign worker policy
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Singapore Labour Market 2004 Report
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11,790 Immigration Offenders Arrested in 2004
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Singapore
Budget 2005
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Tentative List of Singapore Public Holidays for 2006
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Private medical insurance industry to be transformed
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Securities & Futures (Amendment) Bill 2005 passed
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Financial Advisers (Amendment) Bill 2005 passed
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Employment Situation in 4th Quarter 2004
- Consumer
Price Index 2004
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Singapore Tourism Board aims for 8.9 million visitors in 2005
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Singapore Airlines to be first to fly Airbus A380
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Conditions of Employment 2004
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Singapore tourism targeted to net S$30 billion by 2015
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Singapore observes one minute of silence on 9 Jan 2005
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Citibank Singapore Ltd incorporates in Singapore
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No first-year cash rebates for housing loans from 6 Jan 2005
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Hello
2005; Goodbye Streats
2001 -
2004 This
section commenced on 22 Aug 2001
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