Singapore: More workers lose jobs amid economic slowdown
More workers in Singapore lost their jobs last year amid weaker economic conditions, although overall unemployment remained low, according to the latest report released by the country’s Ministry of Ma
Singapore (VNA) - More workers in Singapo😼re lost their jobs last year amid weaker economic conditions, although overall unemployment remained low, according to the latest report released by the country’s Ministry of Manpower (MOM).
The report showed that a total of 15,580 workers were laid off in 2015, the highest since the global financial crisis in 2009 and up 20 percent compared to 2014.
Just over half of Singaporean and Permanent Residents who were made redundant from July to September 2015 were able to find employment by the end of the year, down 55 percent against the previous quarter and 59 percent against the last quarter of 2014.
Last year, local employment grew at the slowest pace in over a decade. The number of Singaporeans and Permanent Residents in jobs rose by just 700 over the year, a stark change from 2014, when local employment grew 96,000.
However, the unemployment rate last year remained unchanged at🐠 2.9 percent for Singaporeans, with a slight uptick 🐼to 2.8 percent when Permanent Residents are included, up from 2.7 percent in 2014.
According to MOM, the structural shift to slow local workforce growth coincided with a cyclical slowdown.
Employment growth declined due to export-oriented sectors such as manufacturing and wholesale trade seeing slowdowns, along with gloomy real estate and retail markets.-VNA
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’s unemployment rate stayed low and trended down over the past four quarters as the labour market remained tight, according to the country’s Ministry of Manpower (MOM).
Singapore is piloting a new scheme to allow small- and medium-sized enterprises (SMEs) to employ foreign workers, said the country’s Ministry of Manpower (MOM).
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.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
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.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Illustrative photo (Source:VNA)
