Industry News

Manpower main cost concern in 2013

NINE out of 10 small and medium-sized enterprises (SMEs) in Singapore foresee manpower to be the main cause of cost increases in 2013, as nearly a similar proportion of firms here reported an increase in their cost of operations last year and expect this to continue in the next 12 months.28 February 2013

SMEs ask govt to hold off on higher levies and quota cuts

SMALL- and medium-sized enterprises (SMEs) here are pushing for the government to hold off plans to tighten the inflow of foreign manpower through levy increases and the lowering of quotas, despite repeated statements by the authorities that they will not turn back on their policy stance.28 February 2013

Strong project pipeline to underpin $32b in contracts

[SINGAPORE] Contracts for the construction sector could surge to $32 billion this year through a strong pipeline of public sector projects, but the demand has to be met with higher productivity and not more foreign workers.28 February 2013

Amgen to build $200m biologics plant in Tuas

SINGAPORE has landed itself its first pharmaceutical company investment of 2013 with California-based Amgen agreeing to sink in US$200 million to start a manufacturing plant in Tuas Biomedical Park.28 February 2013