Tag: Money
Will business travel ever return to pre-pandemic days?
Will you spend thousands of dollars if you can achieve the same outcome without having to? When businesses are trying to reduce costs, this may seem like a no-brainer. Of course, meeting face to face makes a great difference. The question is how frequent this needs to be. For as long as video calls can do the job, business travel will certainly see decline. This is confirmed by a survey amongst companies around the world.
Is a university degree a good investment?
A study of 26,000 bachelors degree programmes found that about two-thirds of them have graduates making enough to cover their costs in 10 years or less after graduation. But the intangible benefit is the friendships you build and the experience you get through your University days. These may help you throughout your career in a manner that cannot be measured.
Singapore’s Mid-level Expat pay packages for 202- 5th highest globally
While the value of mid-level expat pay packages in Singapore has fallen in 2020, they still rank 5th globally.
Do you desire to work beyond 100yrs old?
This lady is 101 yrs old. She continues her work as a lobster catcher way beyond anyone’s retirement age. And she has been happily doing this since she was 7. It is unlikely that you can continue working in a company for as long as you like unless you own it or are related to someone who owns it. So if you are hoping to work way beyond statutory retirement age, it is best that you can turn your hobby into a business, which you can “retire” into. Then you can continue to working for as long as you like to. Do connect with us for a chat if you like to discuss this.
Insurance company adopting new business model
Innovation can be inspired by new technology, new business models or both. We are beginning to see the insurance sector adopt a subscription-based business model similar to that of Netflix and other companies. And insurance company Income is launching this via an app. This is certainly good for customers. Hopefully, other insurance companies will follow soon…
More firms set to cut office space…
With work-from-home becoming the norm and companies getting used to having employees operate from home, more companies are set to reduce their office space footprint. This will probably trigger a downward trend for commercial rents and a rising demand for shared office operators like Regus & Wework.
On the other hand, there are worries that office vacancies in New York will hamper recovery.
Can Singapore survive a global minimum tax?
ManyGlobal companies site themselves in Singapore because of the tax advantages they have by operating here. But with the global minimum tax, there must now be better reasons why they would keep their headquarters here. Thankfully it is not difficult to find those reasons: safety, security, ease of doing business, efficiency of airport, sea port, family-friendly environment, clean & green, technologically advanced, etc . In fact it is more difficult to find reasons to leave this lovely country.
SEA’s retailers accelerate shift online
Omni-channel retailing is the way to go and online will be one major channel. It is therefore not surprising to see retailers setting up stores. One Singapore retailer – Robinson’s – has actually shut its physical operations and totally moved online. Check out this article to see how many retailers have shifted online.
Singapore’s number of millionaires to surge 62% by 2025
According to Credit Suisse Group, the number of millionaires in Singapore will increase by 62% by 2025. This rise can be attributed to the post-covid growth expected. Check this out…
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