SINGAPORE: Singapore’s labour demand slowed in Q1 2025 amid economic uncertainty, with total employment increasing by only 2,300 and the unemployment rate slightly rising to 2.9%. While retrenchments fell to 3,300, business sentiment has turned cautious, indicating potential future softening in the labour market. The Ministry of Manpower noted that the decline in employment growth, particularly in outward-oriented sectors, reflects a deteriorating economic outlook.
Oversea-Chinese Banking Corp (OCBC) announced it will not pursue another offer to acquire the remaining shares of Great Eastern if shareholders reject the delisting proposal on July 8. OCBC, which currently owns 93.72% of Great Eastern, plans to maintain its non-voting shares to restore free float and trading if the delisting does not proceed. Need More Context? 🔎
Read moreSingapore Airlines has cancelled all flights between Singapore and Dubai until June 25 due to security concerns stemming from the ongoing conflict between Israel and Iran. The airline stated it will contact affected customers for rebooking or refunds, as the situation remains fluid and other flights may also be impacted. Need More Context? 🔎
Read moreA recent White Paper indicates that over 70% of female employees in Singapore believe menopause-friendly policies would benefit their organizations, yet few companies provide such support. CNA Women emphasizes that addressing menopause in the workplace is not only a women's issue but also a strategic business advantage. Need More Context? 🔎
Read moreSINGAPORE has evacuated four citizens from Iran amid the escalating Iran-Israel conflict, with a family of three transported to Muscat, Oman, and another Singaporean evacuated to Turkmenistan with Malaysians. The Ministry of Foreign Affairs is assisting seven additional Singaporeans leaving through the Iran-Armenia border and the port of Bandar Abbas, while advising all citizens in Iran to remain vigilant and consider departing as soon as possible. Need More Context? 🔎
Read moreThe Ministry of Defence (MINDEF) confirmed that all safety protocols were followed during a live-firing exercise at the Nee Soon 500m Range, where a cyclist was shot while trespassing in a restricted area. The incident, which occurred on June 15, is under investigation, with MINDEF urging public cooperation to avoid restricted zones for safety reasons. Need More Context? 🔎
Read morePierre Hermé Paris has opened its first-ever flagship store in Southeast Asia at Resorts World Sentosa, featuring a full-service restaurant and the unique Furoshiki Stand. Exclusive to Singapore, the store will offer a signature pastry, with further details available through CNA Lifestyle. Need More Context? 🔎
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