Ministry of Manpower (MOM)

Professional services is a high growth sector which underpins Singapore’s status as a business hub, says Minister Chan.

Softness in the labour market is likely to persist with continued weakness in hiring and pressure on companies to retrench: MOM

The topic of local employment has been in focus recently, with Singapore authorities making several moves to support domestic talent and curb the amount of foreign employees on its shores.

According to the Ministry of Manpower (MOM) in an August 27 statement, this is the first time that the ministry has set higher qualifying salaries for a specific sector.

The financial services sector has continued to create some 1,500 jobs even in the current crisis in the first half of the year, with four out of five jobs going to Singapore citizens.

Between April and June alone, over 730 jobseekers entered the manufacturing sector through the SGUnited Jobs and Skills programme, says MOM.

Pay cheques of some 224,800 workers across 6,300 companies in Singapore took a hit from cost-cutting measures over the last five months.

There were 61 new cases on Aug 11 – the lowest daily tally since early April

Some 24,000 people have been placed under the SGUnited Jobs and Skills package as at end July, the Ministry of Manpower (MOM) revealed in the first of its series of weekly updates on Singapore’s job situation.

Government and banks team up to bring financial services to migrant workers