
Poor talent adaptability costs SG $280M in lost productivity
(8 April) New research by professional services network PwC commissioned by LinkedIn reveals that poor talent adaptability - the inability to retrain for new skills or switch industries - is costing Singapore S$280 million (US$222.41 million) in lost productivity and huge waste of sums on avoidable recruitment costs. The...

GIC to buy Tokyo property for US$1.3 billion
(9 April) Singapore state investment firm GIC Pte Ltd will buy a Tokyo property from U.S. investment fund Lone Star Funds for some 134 billion yen ($1.3 billion), the highest price since Japan's real estate market recovery accelerated last year, three people with direct knowledge of the sale told Reuters. Lone Star had put...

Singapore seen allowing stronger currency
A woman pays a vendor for her purchases at a market in the Redhill area of Singapore. Escalating living costs, rising wages and curbs on foreign workers remain threats to Singapore’s growth. (Photo: Nicky Loh/Bloomberg) (8 April) The Monetary Authority of Singapore will probably keep favoring modest currency gains as it...
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