Population increasing but businesses face manpower crunch
According to the Singapore Contractors Association, the recent government’s move to increase the levies and lower the foreign worker quota have threatened the survival of contractors mainly in the construction field. This complaint about the manpower crunch has been reflected by businesses across all industries which have...
Happiness is not for sale
Singaporeans continue to find that prosperity and joy are not identical, or even compatible. Bhutan A FEW years ago a Cabinet minister visited Bhutan and came back declaring that in his view the tranquil mountainous kingdom “is not the Shangri-La on earth”. National Development Minister Khaw Boon Wan told Parliament that...
DPM Tharman: Enough income for retirement for current SG workers
Deputy Prime Minister Tharman Shanmugaratnam About a month ago, circa 19 September, Deputy Prime Minister Tharman Shanmugaratnam told delegates at the Singapore Human Capital Summit that the Singapore median male earner who enters the workforce today will be able to achieve an Income Replacement Rate (IRR) of over 70% through...
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