Let's Talk, Singapore

Thomas Poullaouec, Head of Multi-Asset Solutions APAC, T. Rowe Price, discusses the significance of the Fed's reduction of its balance sheet to the tune of $95 million a month, and why this is a good time to shop for stocks in China.

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Announced recently by Minister of State for Trade and Industry Alvin Tan, the tourism sector will receive a fresh injection of close to half a billion dollars to support and sustain strategic manpower capabilities in the sector, offset business costs, as well as amplify Singapore’s international recovery plans “in the coming years”. Andrew Chan, Founder & CEO, ACI HR Solutions shares some of the top concerns raised by hiring managers that have been highlighted in their report and to what extent will these new announcements change the momentum of the sectors job market moving forward.

Highlights of the conversation: 

03:12 - What the Methodology 2022 ACI Report entails 

04:04 - Intensity of the urgent need for manpower in the tourism & hospitality sector

05:57 - Top concerns of hiring managers when recruiting

09:22 - How can the $500m to kick-start Singapore's tourism recovery be efficiently spent? 

11:16 - Types of talents needed to support Singapore's focus on wellness and sustainability 

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Tech jobs are positioned to be high in demand, with American and Chinese tech giants offering salary packages minimally 25 percent above market median to attract talent. Yet, Singapore still faces a talent crunch in the digital industry, where the widening skill gap poses problems for companies and job seekers alike. Gladys Poh, Digital Marketing Manager, Smartcademy shares more about the importance of upskilling in the current global economy and how one can choose the right course to upgrade themselves in. 

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This week on Stocks to Watch, we’re joined by Cheryl Chan, Senior Vice President for Capital Markets, ADDX to discuss how much more Tesla stand to gain after a strong bull in the past month and if DBS can be considered suitable stock to hedge against the current inflationary environment.

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In this morning’s The Breakfast Brief, we discuss the long-awaited plan by the Federal Reserve officials to shrink their balance sheet by more than $1 trillion a year while raising interest rates, how investors are responding to Philadelphia Federal Reserve President Patrick Harker's “acute concern” over rising inflation, and the record breaking cost of COE during the fourth consecutive bidding. 

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