Indonesia issues 'priority' investment list under new regulation

JAKARTA (REUTERS) – Indonesia’s government has issued a new regulation on investment following the passage of its job creation law last year, which includes the removal of some restrictions on foreign investment in a bid to boost investment into its pandemic-hit economy. The new rules for the law, often referred

UK firms report strongest hiring intentions in a year

LONDON (REUTERS) – British businesses have the strongest hiring intentions in a year and fewer are planning to make redundancies as the economic outlook has brightened over the past three months, a human resources industry body said on Monday. The Chartered Institute of Personnel and Development said 56 per cent

Innovation crucial to Singapore's economic recovery, says DPM Heng

SINGAPORE – Innovative ventures sprouting across the corporate landscape will provide crucial support to Singapore’s economic recovery, said Deputy Prime Minister Heng Swee Keat. These new ventures can tackle structural challenges and harness opportunities in the post-Covid-19 world, he noted. Mr Heng, who is also the minister for economic policies

Singaporeans expect inflation to rise to 2.2% this year with Covid-19 recovery prospects

SINGAPORE (THE BUSINESS TIMES) – Singaporean households polled last month see overall or headline inflation rising to 2.2 per cent this year from 1.9 per cent in a September poll, according to a quarterly survey released by DBS and the Singapore Management University (SMU) on Thursday (Jan 21). December’s figure

S'pore is second favourite city in Asia for investors

Singapore is the second most preferred city in Asia-Pacific for cross-border investments this year, a study noted yesterday. Known as the CBRE 2021 Asia Pacific Investor Intentions Survey, it cited logistics as the most popular sector for investors while interest in the office sector has weakened. The findings come as

Strengthening position in global value chain among Singapore's key economic strategies for 2021: Chan Chun Sing

SINGAPORE – While the Economic Development Board (EDB) has done well to secure $17.2 billion of fixed-asset investments in an exceptionally difficult year, the road ahead will be challenging, said Trade and Industry Minister Chan Chun Sing on Wednesday (Jan 20). Speaking at a media briefing ahead of EDB’s annual

Covid-19 has created flexible work for women but it has also brought more stress: Panel

SINGAPORE – The Covid-19 pandemic has created a silver lining for women and caregivers as many are now better able to juggle household responsibilities while working from home. However, flexible work arrangements have also created more stress and there needs to be greater clarity on how employees can disconnect from

Goldman lifts US forecast on Biden's US$1.9 trillion rescue plan

NEW YORK (BLOOMBERG) – Goldman Sachs Group economists raised their growth forecasts for the US this year and beyond after President-elect Joe Biden unveiled a sweeping revival plan calling for US$1.9 trillion (S$2.5 trillion) in spending. In a weekend report to clients, economists led by Jan Hatzius predicted the economy

Budget 2021 expected to be more targeted as Government dials down financial support

SINGAPORE – Next month’s Budget is expected to target sectors hit hardest by the pandemic, but overall spending will be reined in after extensive support measures were rolled out last year. Mr Liang Eng Hwa, chairman of the Government Parliamentary Committee for Finance, Trade and Industry, told a pre-Budget roundtable: