A Discussion on Employment in Singapore Unemployment statistics is probably one of the most closely monitored indicators of the labour market. Labour market outcomes in June 2018 improved compared to a year ago. Employment has grown. The employment rate remained high for residents aged 25 to 64, and continued to rise firmly for older residents aged 65 & over. Over the same period, the resident unemployment rate moderated for both PMETs and non-PMETs. The real median income also continued to grow in the recent five years. MOM Report: Labour Force in Singapore Advance Release 2018 Employment is an emotive as it affects a person livelihood and standard of living. By seeking employment, a worker more or less accepts the notion of seeking a stable income through the provision of labour. Recent discussions on minimum wage, display of Government (G) statements on low unemployment vis a vis high number of job vacancies, calls for skill upgrade and adve...
Travelling to Butterworth by KTM ETS Business Class Train Service On a whim, I decide to take the train to Butterworth, it has been a long time since I took the KTM's train since there was a time when the train was one of few the affordable ways to travel within Peninsular Malaysia. It certainly definitely the feeling of nostalgia that brings me to spending approx. 5 hours to ride to Butterworth when there are direct flights to Penang. My Journey starts off uneventfully until I reached KL Sentral. I had an inkling that KL Sentral would be complex since several train services congregated here. At KL Sentral, visitors heading to Butterworth needs to be alert to the different entrances for boarding the train to Butterworth. The time when I was travelling to BW, they used the holding area that is on the far side of KFC. I sat on the wrong side (KFC) and from the sense of curiosity found the right side of the station. At around 4pm, Snack time on board th...
Culture Norms and Personality Traits Influence on Entrepreneurship Entrepreneurs are considered a rare breed in that they would take risk more than the returns they earn, accept lower than median earnings when compared to similarly skilled wage-earners and hold poorly diversified portfolio (Puri & Robinson, 2005) During the start up stages, founding members are usually more passionate as they were the ones who nurtured the firm to its present status and would remain so on all activities concerning the firm. They tend to worry about future prospects and have a high locus of control believing that their life’s event could be controlled (Ang and Hong, 2000). Thus, when failures occur it would attribute it to their own actions. In studies comparing Hong Kong and Singapore Chinese entrepreneurs and SMEs, Singapore Chinese were found to be more risk adverse. It is a given that a Singapore Chinese entrepreneur and a Chinese from elsewhere display many similar traits. The idea that entrepr...
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