The Malaysian ringgit reaches a six-month high of 2.9161 to the Singapore dollar on Friday, before closing at 2.9154 at the end of the trading day.
Business leaders are against the idea of imposing quotas on foreigners to ensure a Singapore core of professionals, managers and executives in certain industries, after MP Patrick Tay suggested a dependency ratio.
Industry watchers attribute this to developers being conscious of poor market sentiment amid economic uncertainty.
The Singapore facility is Bertschi’s most advanced in Asia, with its safety certification said to surpass industry ISO standards.
Businesses in the manufacturing and services sectors are expecting conditions to weaken in the first half of the year, according to the results of two surveys released on Friday (Jan 29).
Total loans and advances by banks amounted to S$599.8 billion in December 2015, down from S$603.9 billion in November.
The fine-tuning of regulatory powers being considered by MAS is due to the arrival of other exchanges in Singapore, namely InterContinental Exchange (ICE) and EUREX, said MAS Managing Director Ong Chong Tee.
About 70 per cent of Government tenders are awarded to SMEs, but less than 5 per cent of SMEs actually secure Government contracts, says SMEC.
Chinese shares have been in a tailspin since the start of the year, sparking jitters across global financial markets, but some analysts are saying the panic has been overdone.
The training and development initiatives for trading representatives, dealers and remisiers are to encourage upskilling in the industry.