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More people finding employment through CDC career centres
More job seekers are finding employment through the career centres of their local community development councils (CDCs), with 3,300 people placed in the second quarter of this year. This is a 14 per cent rise from the 2,900 placed in the first quarter of this year, and a 23 per cent increase compared with the corresponding quarter last year. Reasons cited include a strong hiring trend by employers and greater public awareness of the jobs and training available through the CDCs and the Workforce Development Agency.
Singapore's Nodx grew 5.8% year-on-year in July
International Enterprise (IE) Singapore reported that local Non-oil Domestic Exports (Nodx) expanded by 5.8 per cent in July 2012 on a year-on-year basis, following the 6.6 per cent increase in the previous month. Nodx took a 3.6 percent drop in July 2012 on a month-on-month basis, in contrast to June’s 6.7 percent expansion due to a decline in non-electronic Nodx which outgrew electronic Nodx. Total trade grew by 2.9 per cent in July 2012 on a year-on-year basis, following a 2.7 per cent increase in June.
Real Angels!
Angel’s Gate, Asia’s answer to BBC's "Dragons' Den" is set to air starting on Monday (6th February) on Channel NewsAsia at 8 pm. With as much as half a million dollars in venture capitalist funds in the storehouse, this programme has attracted numerous entrepreneurs trying their hand at impressing the four formidable judges. Watch out for some hard-hitting quick wit and awkwardly tense moments as the contestants face their fates in the make it or break it "elevator pitch".
Pro SME Initiatives in 2012
A new committee, the SME Committee (SMEC) has been setup by the Singapore Business Federation (SBF) and other major trade associations and business chambers to set in motion policies that will be more pro-SME. The SMEC will get an annual funding of around $500,000 and will have Minister of State for Trade and Industry Teo Ser Luck acting as adviser to support its initiatives and garner support for this group from the public sector. The long term goal of the SMEC is to be a voice and channel for SMEs to give feedback and raise business concerns to the relevant authorities. The SMEC will have its first meeting in January of 2012.
Top Local Business Friendly Agencies
Just how business-friendly are local governing agencies? The Action Community for Entrepreneurship (ACE) recently set out in an annual survey to find out the answer and to shed some light in this area. Five government agencies were identified to be the most responsive to local businesses needs. Ranking top was the Maritime and Port Authority of Singapore. The other four included the Central Provident Fund Board, Energy Market Authority, Building and Construction Authority and Infocomm Development Authority. Their efforts in making rules and procedures simpler and clearer for the businesses along with the reduction and streamlining of administrative processes earned them top spots in this national survey. The survey covered 26 agencies and were based on responses from around 4,000 participating businesses.