
Singapore sees Q2 job gains, but outlook dims amid global uncertainty
The data reflects stronger hiring compared to the previous quarter; however, the number showed a decline when compared on a year-on-year basis.
The increase was driven by gains in both resident and non-resident employment. Resident employment expanded further in sectors such as financial services and health and social services, while outward-oriented industries like professional services and information and communications continued to see job losses.
Non-resident employment growth was entirely attributed to work permit holders, particularly in the construction sector, the MOM said.
After easing slightly in April and May, both resident and citizen unemployment rates edged up in June, returning to levels recorded in March 2025.
'Global economic uncertainty is expected to persist in the months ahead and may weigh on hiring and wage growth, particularly in outward-oriented sectors,' the ministry said.
According to a business expectations survey conducted by the MOM between April and June, the proportion of firms expecting to hire dipped from 44.0 per cent in the second quarter to 43.7 per cent in the third quarter.
The share of firms expecting to raise wages also fell, from 24.4 per cent to 22.4 per cent.
The employment figures exclude migrant domestic workers, the ministry noted. — Bernama-Xinhua
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Malay Mail
36 minutes ago
- Malay Mail
Ringgit slips against US dollar ahead of Q2 GDP data, stronger greenback
KUALA LUMPUR, Aug 15 — The ringgit opened lower against the US dollar amid cautious investor sentiment ahead of the second quarter 2025 gross domestic product (GDP) announcement later today and a stronger US dollar. At 8am, the local note depreciated to 4.2100/2210 from Thursday's close of 4.2090/2145. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US dollar received a boost last night as the inflation rate at the producer's level was rising at a fast clip. 'Apart from that, those who applied for unemployment benefits fell last week, which gave the impression that the labour market was still healthy,' he told Bernama. He noted that the July US Producer Price Index (PPI) rose 3.3 per cent year-on-year, beating the 2.5 per cent forecast, while core PPI climbed to 3.7 per cent versus 2.9 per cent, and the US Initial Jobless Claims came in slightly lower at 224,000 against 225,000 estimates. 'Following this, the US Dollar Index (DXY) rose 0.42 per cent to 98.254 points as traders pared their bets on an interest rate cut by the US Federal Reserve (Fed) in the next Federal Open Market Committee meeting,' he added. On the local front, Mohd Afzanizam said the ringgit is expected to range between 4.21 and 4.23 against the US dollar today, as the temptation to lock in profits amid uncertainties over the US Fed decision was quite overwhelming. 'The USD-MYR was quite volatile yesterday. It reached RM4.1858 during the morning session but weakened later to RM4.2118. 'It appears that RM4.20 is the psychological level and the USD-MYR did pierce such a level momentarily,' he added. At the opening today, the ringgit ended higher against major currencies. It gained against the euro to 4.9047/9175 from 4.9170/9234 on Thursday's close, rose versus the Japanese yen to 2.8502/8578 from 2.8703/8742 and improved vis-a-vis the British pound to 5.6953/7102 from 5.7146/7220 yesterday. The ringgit traded mixed against regional peers. It strengthened versus the Singapore dollar to 3.2775/2866 from 3.2849/2895 at yesterday's close and increased versus the Thai baht to 12.9646/13.0069 from 13.0004/0238. However, the local note inched down against the Indonesian rupiah to 261.2/262.0 from 261.1/261.6 and was almost flat versus the Philippine peso at 7.39/7.42 from 7.39/7.41. — Bernama

Malay Mail
an hour ago
- Malay Mail
Federal government keeps Petronas, but states to see bigger share through new deals, says Azalina
KUALA LUMPUR, Aug 14 — The ownership of Petroliam Nasional Bhd (Petronas) remains with the federal government, although steps were taken to enhance the participation of states through strategic collaboration platforms, joint project implementation, and involvement in the value chain, said Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said. Azalina said the federal government's approach is aligned with an inclusive federal structure and ensures sustained benefits for all parties. The minister said that the federal government is currently the sole owner of Petronas, which is incorporated under the Companies Act 1965 as the national oil and gas company. 'The Petroleum Development Act 1974 (Act 144) entrusts Petronas with ownership of petroleum, along with the exclusive rights, powers, freedoms, and privileges to explore, manage, and develop the country's petroleum resources, whether onshore, offshore, or in Malaysian waters,' she said in a response posted on the Parliament's website today. Azalina was responding to Datuk Seri Dr Jeffrey Kitingan (GRS-Keningau), who asked whether the government could consider distributing 50 per cent shares in Petronas to oil- and gas-producing territories and states, namely Sarawak, Sabah, Terengganu, and Kelantan. According to Jeffrey, the distribution is a fundamental step to strengthen the Malaysian Federation moving forward, while easing politicisation and dissatisfaction over oil and gas rights. Azalina said that although the ownership of Petronas is under the federal government, the current approach allows producing states to receive direct benefits from the petroleum industry through cash payments and various forms of commercial cooperation. 'At the same time, overall revenues from the sector are fairly distributed across the country in line with national development needs,' she added. — Bernama


The Star
an hour ago
- The Star
WHERE CONNECTIVITY MEETS PREMIUM LIVING
A NEW chapter opens in premium residential living among the coveted neighbourhoods of Johor Baru. Enter M Grand Minori, Mah Sing Group's latest inaugural project under its M Grand Series, which scored an impressive take-up rate of 90% for its Phase 1 tower A during its opening weekend. This isn't just another project opening – it's a testament to the shifting dynamics of Johor's real estate market and the growing demand for sophisticated, connectivity-driven developments. 'We are seeing increasing interest in homes that offer upgraded features, greater convenience, and a more premium living experience,' said Mah Sing founder and group managing director Tan Sri Leong Hoy Kum. This insight drives the M Grand Series philosophy, positioning developments like M Grand Minori to meet evolving market expectations while staying ahead of trends. As Johor cements its role as a regional hub, M Grand Minori stands ready to meet the rising demand for quality homes in Johor's fast-evolving urbanisation. See M Grand Minori come to life at Mah Sing's M Grand Minori Sales Gallery in Taman Pelangi, Johor Baru. Versatile living spaces Priced from RM390,000, this freehold mixed-use residential and commercial development spans a total of 2.42ha (5.99 acres) in the mature neighbourhood of Taman Pelangi, Johor Baru. Phase 1, featuring Tower A and Tower B, spans 1.39ha (3.44 acres) and is targeted for launch in the third quarter of 2025, with full completion expected by the third quarter of 2030. Soaring at 59 storeys high per tower, phase one houses a total of 1,733 units. They come partially furnished with air-conditioning, water heater and kitchen cabinet with hob, hood and sink, ready for move-in by Q3 2030. The units come in a variety of layouts including: > Type A (studio) – 403sq ft > Type B (one bedroom, one bathroom) – 496sq ft > Type C (dual-key with one bedroom, two bathrooms) – 624sq ft > Type D/D1 (one + one bedrooms, one bathroom) – 630sq ft > Type E (dual-key with three bedrooms, two bathrooms) - 835sq ft From the 403sq ft studios to the spacious 835sq ft units, these units have something for all walks of life – be it a young working professional who works in the city, rental investors, Singapore-bound commuters or even Singaporeans seeking a weekend or retirement home across the Causeway. The apartment's express ramp lets residents swiftly access parking spaces in the multi-level car park, eliminating the hassle of navigating through tight and cramped carpark spaces. And if you own an electric vehicle (EV), the apartment is equipped with EV charging stations so that you can recharge your car as soon as you park it. M Grand Minori elevates the premium living experience with its resident-centric services including concierge support and parcel management in both towers. The concept of 'iki-mado'– loosely translated as 'window to live' — draws from the traditional shoji, the signature Japanese sliding door with latticed screens. Simple, calm, beautiful At M Grand Minori, you'll find quiet comfort, thoughtful details in a home that makes living feel balanced and natural every day. Drawing from the Japanese concept of 'iki', each home within M Grand Minori is designed with three concepts in mind: simple, elegant and effortlessly stylish. This isn't merely aesthetic preference – it's a thoughtful response to modern urban living challenges. As living spaces evolve to become both a sanctuary and a workplace, these Japandi-inspired interiors provide the space to reclaim our leisure time in the midst of urban intensity. Such spaces also provide the space to reclaim our self-expression in its simplicity. Its sculpting skylines diffuse light into the space in gentle light, inviting an abundance of natural light into each home that fosters an airy yet luminous living environment. These green renewable energy-certified living spaces are supported by smart building features, which includes a rainwater harvesting system as well as an automated waste collection system to support smart yet sustainable living. Curated living experience A remarkable 0.769ha (1.9 acres) elevated paradise featuring up to 41 planned facilities sits within the vertical village, striking a balance between relaxation and productivity. These aren't just amenity provisions – it's community building at its finest that are thoughtfully designed and always inviting. The 35m swimming pool offers residents panoramic views of the city while the zen garden and meditation deck provide residents a tranquil break from the intensity of urban life. Fitness enthusiasts can choose between the fully-equipped gym and outdoor fitness station, or the multipurpose hall to have a go at badminton, pickleball or basketball. Young residents can also enjoy an abundance of recreational options at the apartments, including a playground, indoor playroom room and water play areas to keep them active and occupied. Residents can bond over social spaces such as karaoke room and games room, BBQ terrace and chilling lounge, as well as the dining deck, while remote workers may find delight in the co-working space. The development's commitment to inclusive living is reflected in the inclusion of a dedicated surau within the residence to address specific residents' spiritual needs. Amenities within your reach Essential services such as groceries, F&B outlets, clinics, and a dedicated childcare centre can be found on the ground floor commercial units to support a self-contained community on top of enhancing daily convenience. Its proximity to key amenities such as public and private educational institutions, healthcare institutions, leisure and retail and other recreational and civic amenities. Columbia Asia Hospital, SMK Taman Pelangi, Foon Yew High School, JB City Square, Mid Valley Southkey, Tiara Sport World, Menara MBJB, Stulang Beach, Taman Pelangi Police Station and the Johor Baru Fire and Rescue Station are all within reach for a secure, worry-free urban living. Residents can also enjoy the proximity to the Bukit Chagar RTS station that connects Johor Baru directly to Singapore's Woodlands North in under five minutes, strategically located just 3km from the station. But if you're one who relies on public transport, the residence has a dedicated shuttle service to the Johor Baru Checkpoint (CIQ) and the Bukit Chagar RTS station, offering a daily cross-border experience for its residents. With its strategic location, M Grand Minori is set to benefit from Johor's enhanced connectivity and economic growth. Legacy of achievements Since launching their first township in 2000, Mah Sing has maintained Johor as their second largest regional development after Klang Valley, with a developmental track record spanning over two decades in the state. 'With its proximity to Singapore, ongoing infrastructure enhancements, growing investor confidence and strong demand from both local and international buyers, we will continue to explore land acquisitions and new opportunities for township, industrial, M Series, and future M Grand Series developments,' said Leong. For more information, interested homebuyers can contact 07-291 3226 or visit M Grand Minori's official portal at or visit M Grand Minori Sales Gallery in Taman Pelangi, Johor Baru to explore the show unit, scale and landscape models.