More tech jobs to come as MCI steps up job creation for fresh graduates, mid-career professionals

SINGAPORE: More jobs will be available in growth areas like cloud computing and artificial intelligence as Singapore accelerates the creation of jobs in the ICT sector and across the economy, said Information and Communications Minister S Iswaran on Wednesday (Aug 26).

The jobs for both fresh graduates and mid-career professionals will be in areas like cybersecurity, data analytics, software and network engineering, as well as executive roles in business transformation for companies going digital, Mr Iswaran said.

President Halimah Yacob said on Monday that securing jobs is a priority for the Government over the next few years amid the economic challenges brought on by the COVID-19 pandemic.

READ: Salary criteria for Employment Passes and S Passes will be raised: MOM

READ: Expect more investments and ‘good jobs’ for Singaporeans despite COVID-19: Chan Chun Sing

The Ministry of Communications and Information (MCI) will be ramping up placements, traineeships and

Read More

Stocks book fresh round of records, Dow ends 1.5% shy of all-time high, on hopes of COVID treatments, cures

MARKET SNAPSHOT



a man standing in front of a building: The


© Getty Images
The

U.S. equity benchmark indexes closed in record territory Wednesday, as investors drew hope from progress in the development of tests and vaccines for COVID-19.

Loading...

Load Error

Investors largely ignored a mixed batch of economic reports, including a private-sector jobs reading that came in weaker than expected, suggesting only a slow recovery from the coronavirus pandemic.

How did the benchmarks perform?

The Dow Jones Industrial Average (DJIA)surged 454.84 points, or 1.6%, ending at 29,100.50, or 1.5% away from its Feb. 12 closing high of 29,551.42. The S&P 500 index (SPX) climbed 54.19 points, or 1.5%, to settle at a record 3,580.84, its 22nd record close this year. The Nasdaq Composite Index (COMP) advanced 116.78 points to close at a record 12,056.44, a gain of 1%, and its 43rd record close of the year.

On Tuesday, the Dow rose 215.61 points to end at 28,645.66, or

Read More

why we should be very worried that Hong Kong’s fresh graduates can’t find jobs





Some very senior leaders I have spoken to recently, from both the private and public sectors, are quick to dismiss the alarming unemployment rate among fresh graduates in Hong Kong as just another recession-related anomaly that will correct itself when the economy picks up. They said the Class of 2020 is no different from the Financial Crisis Class of 2009, or the Sars Class of 2003, when the severe acute respiratory syndrome epidemic hit.

I respectfully – and wholeheartedly – disagree. The Class of 2020 is not your typical recession-hit class. This year brings new challenges that need to be addressed with fresh perspectives, rather than stopgap measures that may have worked in the past. The problems may persist (or get worse) well into the Class of 2021 and beyond, creating a disengaged generation with chronic unemployability. This is sad but true; this structural problem, if left unaddressed, would become

Read More