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Retrenchments in Singapore more than doubled in 2023 from the previous year to 14,320, even as the overall unemployment rate fell slightly. Total employment growth for the full year of 2023 slowed amid weaker economic conditions, following a sharp post-pandemic rebound in 2022.

So should we expect this trend to stay?

Rahul Chawla, Partner & Head of Human Capital Solutions, Southeast Asia, Aon shares his views. 

Retrenchments in Singapore more than doubled in 2023 from the previous year to 14,320, even as the overall unemployment rate fell slightly. Total employment growth for the full year of 2023 slowed amid weaker economic conditions, following a sharp post-pandemic rebound in 2022.
So should we expect this trend to stay?
Rahul Chawla, Partner &amp; Head of Human Capital Solutions, Southeast Asia, Aon shares his views.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

A recap of the biggest news stories so you do not miss a thing, even while you were busy working.

A recap of the biggest news stories so you do not miss a thing, even while you were busy working.

The Weekly Wrap-Up

MONEY FM 89.3 is Singapore’s first and only Business and Personal Finance station. MONEY FM is a 24-hour English talk format station featuring local and international business and financial news. We provide you with financial market and currency updates and insights from analysts, economists, policy makers, industry experts and business owners.

In the lighter hours, listen to discussions on social issues and features on topics that include health, education, arts and music.

MONEY FM 89.3 is Singapore&rsquo;s first and only Business and Personal Finance station. MONEY FM is a 24-hour English talk format station featuring local and international business and financial news. We provide you with financial market and currency updates and insights from analysts, economists, policy makers, industry experts and business owners.
In the lighter hours, listen to discussions on social issues and features on topics that include health, education, arts and music.

MONEY FM 89.3 is Singapore’s first and only Business and Personal Finance station.

MONEY FM 89.3

Your evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Weekly Wrap Up: Singapore's retrenchments more than double in 2023, will this trend stay?

As tensions flare in the Middle East, global oil markets are on edge. Here in Singapore, major players like Shell, Caltex, Esso and Sinopec have raised 95-octane prices to around $2.92 a litre.

Behind the spike? Growing fears that supplies could be disrupted through the Strait of Hormuz, one of the world’s most critical energy chokepoints.

But this isn’t just a story for motorists. Singapore depends heavily on imported energy, especially natural gas and LNG, to keep the lights on and businesses running.

So could higher oil prices feed into broader inflation pressures? And for drivers, should we brace for even more pain at the pump in the days ahead?

On The Big Story, Hongbin Jeong speaks to Song Seng Wun, economic advisor at the SDAX investment platform, to find out more. 

As tensions flare in the Middle East, global oil markets are on edge. Here in Singapore, major players like Shell, Caltex, Esso and Sinopec have raised 95-octane prices to around $2.92 a litre.
Behind the spike? Growing fears that supplies could be disrupted through the Strait of Hormuz, one of the world&rsquo;s most critical energy chokepoints.
But this isn&rsquo;t just a story for motorists. Singapore depends heavily on imported energy, especially natural gas and LNG, to keep the lights on and businesses running.
So could higher oil prices feed into broader inflation pressures? And for drivers, should we brace for even more pain at the pump in the days ahead?
On The Big Story, Hongbin Jeong speaks to Song Seng Wun, economic advisor at the SDAX investment platform, to find out more.&nbsp;

The Big Story: Petrol prices on the rise amid Middle East conflict - Should you brace for higher prices if the war prolongs?

Markets bled red as the Straits Times Index (STI) slid to 4,812, with banks and blue chips, from DBS and UOB to Singtel and SIA, leading the losses. Over $3.6 billion in value changed hands, but confidence was harder to find.

On Market View, Sean Cheong speaks with Dan Chang of Philip Securities to break down what’s really driving the sell-off, and whether Singapore is more vulnerable than investors think if global tensions escalate further. 

Markets bled red as the Straits Times Index (STI) slid to 4,812, with banks and blue chips, from DBS and UOB to Singtel and SIA, leading the losses. Over $3.6 billion in value changed hands, but confidence was harder to find.
On Market View, Sean Cheong speaks with Dan Chang of Philip Securities to break down what&rsquo;s really driving the sell-off, and whether Singapore is more vulnerable than investors think if global tensions escalate further.&nbsp;

Market View: How vulnerable is the STI to the Middle East conflict? 

AI is everywhere, from trillion-dollar tech giants ramping up spending to Asian markets stepping up their role in the global supply chain. But with valuations stretched and volatility creeping back in, is it still about chasing the AI trade, or is it time to get more disciplined?

On Wealth Tracker, Hongbin Jeong speaks to Jason Kuan (CFA), Director, Investment Research and Advisory, Chief Investment Office, CIMB Singapore, to break down why quality large-cap tech still matters, where Asia fits into the next phase of growth, and how the “3Ds,” Discipline, Diversification and Derisking, could help investors build more resilient portfolios.

AI is everywhere, from trillion-dollar tech giants ramping up spending to Asian markets stepping up their role in the global supply chain. But with valuations stretched and volatility creeping back in, is it still about chasing the AI trade, or is it time to get more disciplined?
On Wealth Tracker, Hongbin Jeong speaks to&nbsp;Jason Kuan (CFA), Director, Investment Research and Advisory, Chief Investment Office, CIMB Singapore, to break down why quality large-cap tech still matters, where Asia fits into the next phase of growth, and how the &ldquo;3Ds,&rdquo; Discipline, Diversification and Derisking, could help investors build more resilient portfolios.

Weekly Wrap Up: Singapore's retrenchments more than double in 2023, will this trend stay?

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