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Singapore overtakes US as world's most competitive economy this year

SINGAPORE (May 29): Singapore has reclaimed its position as the world’s most competitive economy for the first time since 2010, according to the International Institute for Management Development's (IMD) 2019 World Competitiveness Report released today.

Based on the annual rankings which score the 63 economies studied by IMD on over 230 indicators, Singapore rose from its No.3 global ranking in 2018 to overtake the United States’ top spot, while economic uncertainty took its toll on conditions in Europe such that the UK fell from 20th to 23rd place this year.  

After all the talk about digitisation Asia Pacific businesses are still lagging behind, finds survey

SINGAPORE (May 2): Despite acknowledging the significance of digital transformation as a stepping stone to achieve their business goals, Asia Pacific businesses are still suffering from a lack of digital competencies, according to new research by the Economist Intelligent Unit (EIU).

Here's how Singapore's organisations can retain their top talent

SINGAPORE (Feb 27): Fostering human connections is a significant factor in retaining employees who value job security, especially in Singapore.

This is according to Mercer’s 2019 Global Talent Trends study, which surveys over 7,300 senior business executives, human resources (HR) leaders and employees from nine key industries across 16 geographies around the world.

2019 will be a banner year for private markets, says BlackRock

SINGAPORE (Jan 7): Private markets are set to become particularly popular this year as institutional investors turn to private markets to mitigate risks amid rising concerns about a downturn in the economic cycle.

Based on BlackRock’s annual survey of global institutions, over half (56%) of the fund manager’s clients stated that the possibility of the cycle turning as one of the most important macro risks influencing their rebalancing and asset allocation plans.

Asia Pacific employers still fall short of fixing the compensation divide, finds survey

SINGAPORE (Sept 18): Over half the companies in Asia Pacific are failing to compensate their staff effectively and fairly, suggests a new study conducted by Willis Towers Watson.

According to findings from the firm’s 2018 Getting Compensation Right Survey, a third of the region’s employers are still paying incentives to employees who do not meet their expectations, while four-fifths reduce their payouts to top performers when their actual incentive funding levels fall below target.

Expats love Singapore for quality of life, but less so for work-life balance and the locals: survey

SINGAPORE (Sept 6): Global expatriates (expats) continue to wax lyrical over Singapore’s political stability and great transportation infrastructure, although the city state is not without its flaws.

According to the InterNations Expat Insider 2018 Survey, which surveyed over 18,000 expatriate respondents across 187 countries or territories, Singapore placed fifth out of 68 countries in the main league table this year, receiving its best rating for quality of life at fourth place.

Singapore SMEs are region's top exporters thanks to its 'thriving digital economy', finds study

SINGAPORE (Aug 1): Singapore’s small- and medium-sized enterprises (SMEs) are playing a leading role in driving export in Asia Pacific, according to the latest study commissioned by FedEx Express.

Titled Global is the New Local: The Changing International Trade Patterns of Small Businesses in Asia Pacific, the independent research was conducted by Harris Interactive on behalf of the express transportation company to offer insights into import and export opportunities as well as challenges faced by SMEs.

Millennials the most savings-savvy generation in Singapore, finds UOB study

SINGAPORE (July 18): Singapore's millennials are outpacing their Generation X (Gen X) and baby boomer peers when it comes to growing their savings, according to United Overseas Bank’s (UOB) transaction patterns of its flagship UOB One Account holders. 

From mid-2015 to mid-2018, it was found that the average account balance for millennials grew 31% per annum to $27,000 – a trend which UOB says is supported by research conducted by Visa’s Millennials Study 2016, which indicated the generation is more focused on saving and investing compared to others.

How much will it cost Singapore bosses to hire skilled talent in 2030?

SINGAPORE (June 21): By 2030, Singapore can expect to pay an extra US$29,065 ($39,600) per highly-skilled worker per year – representing a wage premium equivalent to about 10% of the city state’s 2017 GDP.

This is according to a new study by global organisational consulting firm Korn Ferry, whose The Salary Surge study estimates the shortage on payrolls in 20 major global economies based on its forecasts of future skilled talent shortage.

Singapore returns to world's top 20 most expensive list on a stronger Singdollar: ECA International

SINGAPORE (June 12): After its fall to 24th place last year,  Singapore has now returned to the global top 20 most expensive cities in the world rankings, based on the findings of ECA International’s latest Cost of Living survey.

In a Tuesday release, ECA International notes that Singapore comes in at No. 20 this year after rising four places in the global rankings, which is however still lower than its peak at 18th place in 2016.

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