RegalInterior.com
is the website of Regal Interior Pte Ltd. It provides residential and
commercial interior design. It also provides free interior design
quotation with no obligation, renovation loan, and excellent
workmanship. Instalment available.
AsiaBuilders.com provides comprehensive listings and product
catalogues for the construction industry.
BCIAsia.com is a one-stop online
service for the construction industry. It is WAP-enabled.
CreationStreet.com is a
renovation portal which puts you in contact with renovation contractors,
suppliers and designers. There's even an auction section as well as
classifieds.
HDBuilders.com is an online hub
which facilitates and manages the whole spectrum of business processes
in the construction industry. You can access information on tenders, HDB,
classifieds as well as suppliers and contractors.
RegalInterior.com
is the website of Regal Interior Pte Ltd. It provides residential and
commercial interior design. It also provides free interior design
quotation with no obligation, renovation loan, and excellent
workmanship. Instalment available.
With effect from 1 January 2008, the S Pass
quota for all sectors will be increased from 15% to 25%. The new S Pass
quota will come entirely from companies' Work Permit quota which will be
increased for all sectors. Companies can therefore employ more S Pass
holders, in lieu of Work Permit holders, hence improving the quality of
their foreign workforce...
To strengthen our
global talent attraction and retention efforts, refinements will be made
to the PEP scheme. Foreign professionals whose last drawn fixed monthly
salary overseas was at least S$7,000 will be eligible for a PEP. The PEP
will also be granted to former P1 Employment Pass holders upon
application.
These changes
will take effect from 1 March 2008. Existing and new P1 pass holders
working in Singapore that apply for the PEP ahead of the 2-year
requirement will be accorded in-principle approval. They can apply to
take up the PEP at the end of 2 years on their current P1 pass...
The continued tightening of the labour
market this year has also led to significant gains in income and a
reduction in the number and share of low wage workers...
Excluding the
extreme age bands, the employment rate for those aged 25 to 64 edged up
to a new record of 76.5% from 75.5% a year ago. Supported by efforts to
improve employability of older workers, the employment rate of older
residents aged 55 to 64 rose by 2.5%-points over the year to 56.2% in
June 2007..
MTI forecasts the Singapore economy to grow
by 4.5-6.5 per cent in 2008. This represents a moderation in growth
towards the economy's underlying potential rate, following four years of
above-trend growth.
The market consensus is that the US
economy will slow down in the first half of 2008 as a result of
weaker credit and housing markets before resuming healthy growth
in the second half. This would support GDP growth in Singapore in
the upper half of the 4.5-6.5 per cent forecast range...
Employment continued to grow strongly as the
economy maintained its rapid expansion. Preliminary estimates show that
employment grew by 57,600 in the third quarter of 2007...
Services continued to lead the employment
gains, adding 34,500 workers in the third quarter of 2007. Manufacturing
posted gains of 11,800. Driven by the growth in building activities,
construction increased its workforce by 10,800, continuing the rapid
increase of the previous quarter...
Nonetheless, financial markets have
rebounded recently and underlying economic conditions remain
supportive. GDP growth is therefore on track to come in at the
upper end of the 7-8% forecast range this year, up from the
4.5-6.5% forecast during the April review...
In the Singapore economy, growth will
be led by non-IT manufacturing, construction and business
services, which have built up a strong momentum and are more
dependent on regional and domestic sources of demand as well as
developments in specific product markets.
At this stage, our assessment is that
the Singapore economy is likely to expand at a slower rate in 2008
than in the recent past, reflecting weaker global economic growth.
Singapore’s GDP growth rate is expected to come in within its
potential of 4-6% next year...
"Advance estimates1 show that real
gross domestic product (GDP) rose by 8.2 per cent on a year-on-year
basis in the second quarter, up from 6.4 per cent in the previous
quarter...
"Underpinned by strong growth in the
biomedical manufacturing and transport engineering clusters, the
manufacturing sector is estimated to have grown by 10.2 per cent the
second quarter, up from 4.4 per cent in the previous quarter..."
Oversight of corporate governance of listed
companies will be transferred from the Council of Corporate Disclosure
and Governance (CCDG)[1] to the Monetary Authority of
Singapore (MAS) and the Singapore Exchange Ltd (SGX) with effect from 1
September 2007...
The Code of Corporate Governance will
continue to be implemented through the SGX Listing Rules via the “comply
or explain” approach[2], as is currently the practice...
"Resorts
World at Sentosa will welcome some 10 million
tourists, excluding local visitors, by 2015,
generating S$15 billion in tourism receipts, half of
Singapore’s target.
"Spending
per diem on entertainment and sightseeing is expected
to be more than six times higher than current spending
levels...
"In
anticipation of the increase in tourist traffic to
Sentosa Island, Resorts World at Sentosa is also
committed to significantly enhance the existing
infrastructure of the island by building a new
three-lane bridge, adjacent to the existing Sentosa
Gateway Bridge...
"In a pilot test, Police has allowed
beer to be sold in four dormitories1, and where the
beer is then consumed at designated social areas inside the
dormitories...
"Police is now conducting a review to
assess if the sale and consumption of beer can be extended to
other dormitories..."
Amid favourable economic conditions, the
incidence of retrenchment dropped to a twelve-year low in 2005...
The incidence of retrenchment for
professionals, managers, executives & technicians (PMETs) dropped to an
eight-year low of 8.0 per 1,000 and a thirteen-year low of 4.8 per 1,000
for clerical, sales & service workers...
In 2005, on average 61% of local2
retrenched workers found re-employment within 6 months of their
retrenchment, slightly higher than 59% in 2004. The improvement was more
pronounced for the better educated workers...
SingaporeUpdate.com All Rights Reserved
Websites
