Govt to set $1,100 minimum wage for security guards
Following the establishment of a "minimum wage" for the cleaning industry earlier this year, the government is proceeding to establish a "minimum wage" for the security industry. A new law requiring all cleaning companies to be licensed took effect on 1 September 2014 ('Lim Swee Say: Cleaners are no longer cheap labour'). Under...
PM: Elections may not yield a good govt
At the Forbes Global CEO Conference held at the Shangri-La Hotel yesterday (28 Oct), PM Lee was asked about "popular democracy" against a backdrop of protests in Hong Kong, calling for universal suffrage. The dialogue session with Mr Lee was hosted by Steve Forbes, chairman and editor-in-chief of Forbes Media LLC. Mr Lee said...
MAS report: Growth flat, Productivity fell
In its half-yearly macroeconomic review [Link] released yesterday (28 Oct), the Monetary Authority of Singapore (MAS) said that growth in the Singapore economy was flat over the last two quarters. According to the Advance Estimates released by the MTI, MAS said Singapore’s GDP expanded by 1.2% in Q3 2014 on a quarter-on-quarter...
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