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  1. https://content.mycareersfuture.gov.sg/singapore-employment-salary-2023-outlook-industries/ Our job market may look healthy, but there are headwinds on the horizon for Singaporean employees and jobseekers. Without sugar-coating it, there are three significant headwinds affecting Singapore’s job market outlook. The global economic downturn where the cyclical changes will reduce employment opportunities. The ongoing pandemic crisis is still uncertain in its trajectory and may linger on for some time. Technological disruptions, particularly digitalisation, will continue to induce structural changes that make jobs and skills redundant. That said, it’s not entirely all doom and gloom for local employees and jobseekers, though there are indicators that Singapore’s labour market is slowing down with economic growth numbers. According to figures released by the Ministry of Trade and Industry (MTI) in November 2022, Singapore’s economic growth is expected to slow to 0.5 to 2.5% in 2023, due to global uncertainties, down from the projected 3.5% growth in 2022. Singapore’s Ministry of Manpower revealed in an October 2022 report: “In the coming months, a deteriorating global economic environment, higher global inflation, as well as geopolitical tensions could affect the labour market outlook. “Some unevenness in employment growth may emerge across sectors”, they elaborated. On the numbers front, there was a “slight uptick” in unemployment rates, and a rise in retrenchments, though both remained on par with pre-Covid levels. What’s the big picture that affects Singapore’s job market outlook? Arturo Bris, Professor of Finance and Director of the IMD World Competitiveness Centre Switzerland, shared his take with Workipedia by MyCareersFuture: “From the economic standpoint, there are two main uncertainties. “The first one is the global economic crisis caused by the invasion of Ukraine and the disruption of global supply chains. “Its effects on inflation and growth are heard everywhere, including Singapore. As an economy that relies on foreign trade, it is extremely sensitive. “The second uncertainty pertains to China and the negative worrying signals from the Asian giant. In particular, there are concerns about the growth prospects of China and its preference to grow its domestic market instead of relying on neighbouring countries.” Which Singapore hiring industries could see headwinds in 2023? In fact, according to a Business Times report, Maybank analyst Chua Hak Bin noted that many sectors, such as hospitality, construction and healthcare, are still experiencing acute labour shortages. For Singaporean workers, recent employment number gains came from industries such as information and communications, professional services, and financial services. However, the MOM report states that administrative and support services saw a sustained decline, “partly reflecting the gradual scale-back of Covid-related occupations”. MTI also reported that weaker economic sentiments would weigh on the growth of outward-oriented sectors in Singapore, such as our electronics and chemicals clusters. That said, the ministry expects that Singapore’s strong recovery in air travel and international visitor arrivals will continue to benefit sectors related to aviation and tourism. This includes air transport, arts, entertainment and recreation, and consumer-facing sectors like food and beverage services. Lifting of travel restrictions in Singapore and the region has also boosted the recovery of the professional services sector. Professor Lawrence Loh, from NUS Business Schools’ Department of Strategy and Policy, said to Workipedia by MyCareersFuture: “In view of the international economic outlook, particular industries in Singapore like manufacturing and financial services will be significantly challenged due to weaker demands in 2023. “While industries affected by the pandemic such as aviation and travel have been recovering, these have to be continually on the alert for any unexpected new twist in the situation. “Moving into next year, as always, technology will almost always have impacts on organisational structures and products, as well as individual jobs and skills.” “This will happen across a broad spectrum of industries, particularly those that are manually driven such as retail, hospitality and even financial services.” What about 2023 salaries, then? 2023 looks to be a mixed bag when it comes to salaries, according to Mercer’s recently released Total Renumeration Survey (TRS). The flagship annual compensation and benefits benchmarking study identifies key remuneration trends and predictions for hiring and pay for 2023. Over 1000 Singapore-based companies participated in this year’s survey. While local employers anticipate salary increases in 2023 to surpass pre-pandemic levels, inflation is also depressing sentiment, with more than half of the companies in Singapore (54%) adopting a wait-and-see approach to their salary budgets. “Employers remain cautious about bumping up wages to match inflation,” said Mansi Sabharwal, Reward Products Leader at Mercer Singapore. “And many are turning to less permanent solutions such as benchmarking competition to stay competitive in the market (70%), focusing on total rewards communication (69%) and increasing wages of lower-income employees (55%).” Some other key findings from Mercer’s report on salaries revealed which industries could have the highest salary increments as below: Logistics: (4.4%) Banking and Finance (4.27%) Tech (4.06%) Real Estate (3.25%) The aerospace industry is also forecasted to see improvement, with salary increments expected to rise from 3.09% to 3.52% in 2023, given global travel continues to gain momentum in the aftermath of Covid-19. Working in an industry that might slow down? Here’s some advice Associate Prof. Trevor Yu, from the College of Business’ (Nanyang Business School) Division of Leadership, Management & Organisation, shared the below advice: Take a proactive look at your current skill set and project what areas you need to develop and upskill in the next few years. Consider also whether it is time to explore other options in faster-growing sectors like those listed above and what steps are needed to reskill for possible career changes and transitions. Finally, how much meaning do you derive from your current job role? Do you feel engaged both physically and psychologically? What steps can you take to craft or negotiate a better situation at work so that you can give the best that your talent can offer? Prof. Loh concludes: “There are two perennial challenges for jobs – creations and displacements – both of which will be critically influenced by the job market headwinds. “For organisations, especially those more vulnerable to the headwinds, continued transformation is the way forward – it is key to constantly adapt, innovate and strive for resilience. “As such, no skill will remain relevant forever – in fact, the shelf life for skills is getting shorter and shorter. “For workers at all levels, capability development is the surest solution – it is imperative to always upskill and reskill!”
  2. MS Outlook is down since late morning and no more email, can shake leg and can't do work. Anyone drinking coffee now... 😂 Many unable to send or receive e-mails due to Microsoft Outlook outage https://www.straitstimes.com/singapore/microsoft-outlook-experiences-outage-users-report-failure-to-send-or-receive-e-mails SINGAPORE - Users of Microsoft Outlook found themselves unable to send or receive e-mails on Tuesday, amid an outage of the service. According to outage tracking website downdetector.com, problems with the service were first detected at around 12pm in Singapore. It is currently unclear how many users are affected, although many have taken to social media to highlight their inability to send and receive e-mails through the service. On its website, Microsoft said it was investigating a potential issue, with reports of problems accessing Outlook.com. It said it had identified a recent change that “may be causing issues with send, receive, or e-mail search”, and was working to restore access to the service. As at 1.26pm, the tech giant said the issue mainly affected users located in the North American region. In an update at 3pm, Microsoft said those in other regions may also be impacted, due to affected infrastructure in North America. However, there has been gradual improvement for these users, and the company is carrying out targeted operations to restore service. The latest outage comes after a similar one on Jan 25, when users found themselves unable to access several Microsoft 365 services – with many of the affected apps being an integral part of operations for schools and businesses.
  3. https://www.reuters.com/technology/microsoft-cut-thousands-jobs-sky-news-2023-01-17/ Jan 17 (Reuters) - Microsoft Corp (MSFT.O) plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday. The expected layoffs would be the latest in the U.S. technology sector, where companies including Amazon.com Inc (AMZN.O) and Meta Platforms Inc (META.O) have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook. Microsoft's move could indicate that the tech sector may continue to shed jobs. "From a big picture perspective, another pending round of layoffs at Microsoft suggests the environment is not improving, and likely continues to worsen," Morningstar analyst Dan Romanoff said. U.K broadcaster Sky News reported, citing sources, that Microsoft plans to cut about 5% of its workforce, or about 11,000 roles. The company plans to cut jobs in a number of engineering divisions on Wednesday, Bloomberg News reported, according to a person familiar with the matter, while Insider reported that Microsoft could cut recruiting staff by as much as one-third. The cuts will be significantly larger than other rounds in the past year, the Bloomberg report said. Microsoft declined to comment on the reports. The company had 221,000 full-time employees, including 122,000 in the United States and 99,000 internationally, as of June 30, according to filings. Microsoft is under pressure to maintain growth rates at its cloud unit Azure, after several quarters of downturn in the personal computer market hurt Windows and devices sales. It had said in July last year that a small number of roles had been eliminated. In October, news site Axios reported that Microsoft had laid off under 1,000 employees across several divisions. Shares of Microsoft, which is set to report quarterly results on Jan. 24, were marginally higher in late afternoon trading.
  4. Can anyone explain what will be the impact of the rating? File photo: Singapore's skyline. Enlarge Caption SINGAPORE: Credit rating agency Moody's on Monday downgraded the outlook of Singapore's three main banks to "negative" from "stable" amid rising property prices and mounting household debt in the city-state. "The two main drivers underpinning our opinion are the recent period of rapid loan growth and rising real estate prices in Singapore and in regional markets where Singapore banks are active," it said in a statement. "These have increased the probability of deterioration in the banks' credit profiles under potential adverse conditions in the future." Moody's said Singapore banks have been operating in a favourable environment for an extended period amid low interest rates and strong regional economic growth, which has led to rising credit and asset inflation in the property and financial markets. Domestically, household debt increased to 77.2 percent of gross domestic product as of March 2013 from 64.4 percent at the end of 2007, with private property prices growing 120 percent during the same period. "Regionally, we observe similar or even more dramatic trends," Moody's added, noting that Singapore banks generate more than 37 percent of their revenues from overseas markets. A tightening of US monetary policy is a "potential trigger" that could have an impact on interest rates in Singapore and neighbouring countries as well as capital flows in emerging economies where Singapore banks are active, Moody's said. Federal Reserve Chairman Ben Bernanke said last week the US central bank would maintain its growth-oriented policies "for the foreseeable future". But some analysts expect its $85 billion-a-month bond purchases to taper off in coming months, possibly in September. Moody's outlook report covers prospects in the next 12-18 months for DBS Bank, Oversea-Chinese Banking Corp and United Overseas Bank.
  5. http://www.channelnewsasia.com/news/singapore/most-elderly-singaporeans/1415888.html Aside from reading this as a piece for increasing the age of retirement, but somehow the numbers don't seem to match...80% confident, 37% feel little to worry, 46% ave or poor finances? Generally on the ground, I find the elderly more negative about their futures. Sitting in older estates kopi tiam can hear alot of stories... Also wondering whats the rational in determining our life starts dropping at 65?
  6. hi all i am not able to view images embedded in emails on Outlook Web Access. I have tried both IE and Firefox, but to no avail. Anyone can advise pls? thanks
  7. Malaysian state energy firm Petronas said Monday net profit fell 34 percent in the third quarter and warned of challenging times ahead due to global economic uncertainty. Profit at Malaysia's biggest company dipped to 15.6 billion ringgit ($5.2 billion) in the three months to December 31, compared to 23.7 billion in the corresponding period a year before. Petronas attributed the drop to a higher base of comparison in the third quarter of 2010 due to one-off gains from the listing of two subsidiaries that amounted to 9.2 billion ringgit. Petronas said cumulative profit for the nine months to December 31 was 10.6 percent higher than the same period a year earlier, reaching 55.6 billion ringgit due mainly to higher crude oil prices and sales. Revenue for the period rose 26.9 percent to 222.80 billion ringgit. But Petronas president and CEO Shamsul Azhar Abbas warned that this year and next would be tough due to uncertainties in crude oil prices on the back of Europe's economic woes and lower expected crude production. "Europe is going into a recession. Demand from BRIC economies -- Brazil, Russia, India and China -- is going to be weak," he told reporters, adding that "geo-political tensions in the Middle East" were also clouding the outlook. The next two years would "not be as strong as we have seen last year as the current crude oil prices won't last long," he added. Shamsul said crude oil prices were expected to hover at between $85 to $90 per barrel this year -- compared to around $110 currently -- before rebounding in 2014. Shamsul said Petronas would continue to focus on domestic exploration in deepwater areas and on re-exploration in marginal fields as it faces depleting oil and gas reserves in the country. Crude output was expected to be lower in 2012 due to depletion, he said. "Our challenge is going to be in production," he said. Petronas -- Malaysia's only Fortune 500 company -- contributes almost half of the country's budget revenues. Although the recent quarter was the third of the fiscal year, Petronas has ended the financial year on December 31 as part of an adjustment that will see its new financial year start from January 1 from now on.
  8. Hi Bro My wife and myself both use Microsoft Outlook to store our contacts and schedules using two different profiles (same computer). If I want to sync iphone(wife) using itune with Outlook for updating schedules and contacts, itune sync doesn't seem to allow me to select with profile to use. In the itune environment, i can only select to sync from Outlook but no options on the profile selection. Any advise? or did I miss out something?
  9. hi, i want to upload a GIF file onto the email body and send out to ppl. When the reader opens my email, he can see the GIF moving pic. How to do this? I'm using Microsoft outlook 2003
  10. Hi all, Please advice how do I count the number of contacts in Microsoft Outlook office 2007. My 2000 and 2003 versions display the number of contacts at the bottom left corner but I could not find it in the 2007 version.How do I get to check or display the total number of contacts. Thank you.
  11. Calling all IT experts. Need some help with the Microsoft Outlook else I will lose all my critical emails. It says my outlook.pst is corrupted. So I guai guai used scanpst.exe to scan. Half way into the scan, they say got error and terminated the scan. After that, I cannot run scanpst anymore. Does anyone know how to import a *.pst file to supersede what I have lost? I saved a copy of the outlook.pst elsewhere but dunno how to import it. Any assistance will be great. I am at wits end.
  12. We have revamped some pages of MyCarForum as of 30-Oct-2009. This is to allow more functions & content to be added in time to come. As with all changes, there may be bugs/errors. Please feel free to highlight them to me. Any suggestions/comments that you may have will also be valuable feedback. For simplicity, please input all your feedback in this thread.
  13. OUTLOOK is NOT how the outside of your car looks Please people. Can you get this into your head? Outlook is a point of view. Outlook is an attitude. Outlook is a future expectation. Outlook is an application you use to check your email. Outlook is NOT how the OUTsideofyourcarLOOKs. Call it Exterior. Call it Wai Biao, don't call it outlook. Oh. and RECARO is NOT RECARDO. Ok? RECARO is a German seat manufacturer. RECARDO is the name of your married auntie's moustachioed boyfriend. <rant over> <flamesuit on>
  14. Many economists predicting the economy to recover on 2H 2009 ... what do you think ?
  15. I am using Outlook 2007. I am migrating from XP to Vista, so I want to bring the mails/addresses I rec'd from XP to Vista. What is the steps for exporting to a removable drive and importing the data?
  16. as above, any expert can help as i am transfering the message from my old office laptop to a new lappy, but i can't using the method of importing or exporting.. any easy way?
  17. bro and sis, i will be away for 2 weeks for ICT, i need to let my client know in case they sent any mail to me. how do you set auto-reply in outlook express? mine is 2004 version of outlook ex 6.
  18. I am in the process of changing the MB and I will need to install XP(ie formatting the C: partition). I am using Outlook 2007. There's some mail and address book I would like to keep. What and how should I do? I saw Import/Export, what is this function? Thank You.
  19. Anyone invested in China funds, it seems quite bad the fall in the past few days. by now i lost at least 30 - 40 percent in paper value of my UT holdings , hope it rebounds soon. i know investment has risk but this fall is really swift and sharp.
  20. Hmmm....anyone know how to back up the address book from your outlook mail ? Need to reformat the pc, I know where my email msg stored, but I cant seem to find where my address book store. Thx Thx
  21. [inline 1.JPG] [inline 2.JPG] [inline 3.JPG] [inline 4.JPG] Brudders please comment:
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