Singapore's Labour Market Diverges: Jobs Up, Layoffs Hit 5-Year High

Singapore's labour market painted a mixed picture today: total employment grew for a 19th straight quarter, but retrenchments surged to their highest level since late 2020. Meanwhile, the government formally acquired the historic 38 Oxley Road site, and Standard Chartered announced a customer transfer to Trust Bank.

The Full Picture

Labour Market Shows Resilience Amid Rising Layoffs

• What happened: The Ministry of Manpower reported **4,500 retrenchments in Q2...