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Singapore’s unemployment rises in 2014

Singapore has undergone the fourth consecutive year of unemployment escalation, spurred by the nation’s economic restructuring, announced the Ministry of Manpower (MOM) on April 23.
Singapore has undergone the fourth consecutive year of unemploymentescalation, spurred by the nation’s economic restructuring, announcedthe Ministry of Manpower (MOM) on April 23.

According to theMOM’s report, 13,000 people in Singapore lost jobs in 2014, comparedwith 11,560 in 2013. However, unemployment rate among Singaporeancitizens dipped against 2013.

The result was buoyed by the staffredundancies in most service enterprises, which are under restructuringfor greater work efficiency.

Unemployment was also recorded in the construction sector due to the decline in private building productivity.

Professionals,managers, executives and technicians (PMETs) were once again the mostvulnerable to layoffs, accounting for 51 percent of the totalunemployment.

However, the MOM said that number of redundantemployees, likely to be back in work six months later, increased inthree consecutive quarters, up to 59 percent in December 2014.-VNA

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Children participate in a game at the ASEAN Family Day 2025 (Photo: VNA)

𒉰 ASEAN Family Day in New York spreads regional identity

Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
Malaysia's Petronas Twin Towers (Photo: AFP)

Malaysia plans sales, service tax hikes

The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
Philippines seizes 175 million USD meth haul

Philippines seizes 175 million USD meth haul

Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
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