{"id":2225,"date":"2023-09-17T11:43:46","date_gmt":"2023-09-17T03:43:46","guid":{"rendered":"https:\/\/helmitalib.netizen.works\/?p=2225"},"modified":"2023-09-17T11:43:46","modified_gmt":"2023-09-17T03:43:46","slug":"industry-roundup-industry-updates-and-reminders","status":"publish","type":"post","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/industry-roundup-industry-updates-and-reminders\/","title":{"rendered":"Industry Roundup: Important Updates and Reminders"},"content":{"rendered":"\n\n\t

Industry Roundup: Important Updates and Reminders<\/h1>\n

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The global economy is rocked by waves of uncertainties. The International Monetary Fund (IMF) has generated a\u00a0forecast\u00a0<\/a>for global growth to fall from an estimated 3.5 percent in 2022 to 3.0 percent in both 2023 and 2024. True enough, businesses across industries grapple with steep debt interest rates, rising operation costs, and competition woes. Amidst these challenges, how can you remain adaptive and competitive?<\/p>\n

Find a summary of valuable industry updates in this article along with expert commentaries that can equip you with the knowledge and outlook to drive your business towards success.<\/p>\n

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Industry Roundup<\/h2>\n

Employment Pass Eligibility<\/strong><\/h3>\n

Singapore’s Ministry of Manpower (MOM) will progressively implement changes to the Employment Pass (EP) eligibility framework and requirements in the coming years. In line with this, businesses can expect a higher compatibility rate among foreign talents who will join Singapore’s workforce in subsequent times and the need to match the Ministry’s requirements.<\/p>\n

The changes cover a two-stage eligibility framework as highlighted below.<\/p>\n

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