MOM’s labour and employment data
What is MOM’s data on employment saying? Total growth in employment for 2015 is 23,300 compared to 131,300 and 122,100 in 2013 and 2014 respectively. Of these, local employment, or Singaporeans and permanent citizens took up 700 jobs compared to 82,900 and 96,000 for 2013 and 2014. The data told of a shrinking economy with...
Xiaxue’s lipstick tax: Clarity needed on taxing sponsored products
XiaXue (Photo: NewsFlashing) If Xiaxue received a free sample product (say a lipstick) in exchange for writing a review, must she report the lipstick as part of her income? If a food blogger is invited to enjoy a free meal in exchange for writing a review, should he later have to pay the taxman a fraction of the value of the...
Most seniors working past retirement did not suffer pay cut
I quote Leong Sze Hian from his article posted in the TRE. ‘I refer to the article “More in Singapore remaining in workforce past 65” (Straits Times, Mar 7). 98% who continued working beyond 62 did not suffer any basic wage cut It states that “”Nearly all who approached 62 are offered re-employment. “Most do not...