Starting next year, companies in Singapore will need to pay higher minimum salaries to hire foreign professionals. The minimum monthly salary for an employment pass is being raised to SG$5,600. This change aims to ensure that foreign workers are paid fairly and to encourage companies to prioritize hiring local talent.

The increase in minimum salary requirements for work visas in Singapore is meant to protect the local workforce by making it more attractive for companies to hire Singaporean workers. By raising the minimum salary for employment passes, the government hopes to reduce competition for jobs and ensure that foreign professionals are being compensated appropriately for their skills and qualifications. This move is in line with Singapore’s efforts to strike a balance between attracting foreign talent and protecting the interests of its own citizens.

Source link : Singapore to increase minimum salary requirement for work visas

The FBI has raised concerns about potential cyber threats from China, although the basis for these fears appears to be speculation about future intentions rather than concrete evidence of an imminent attack. The agency’s warning has been met with skepticism, with some questioning the validity of the alarm being raised. The uncertainty surrounding the true nature of the alleged cyber threats adds to the ongoing tensions between the US and China in the realm of cybersecurity.

This article, titled “The Drums of US-China Cyber War,” delves into the ongoing concerns surrounding cybersecurity and the rising tensions between the US and China. The FBI’s public announcement about Chinese cyber threats has triggered debate and skepticism within the cybersecurity community, as the alarm seems to be rooted in assumptions rather than solid evidence. The uncertain nature of the situation has further fueled the already tense relationship between the two global powers in the cybersecurity realm.

While the FBI’s warnings about potential cyber threats from China have sparked concerns, some experts question the validity of the alarm. The lack of concrete information about an imminent cyberattack has led to speculation and uncertainty about the true intentions of Chinese cyber actors. The ongoing tensions between the US and China in the cybersecurity sphere highlight the complex and evolving nature of global cyber warfare.

Source link : The Drums of US-China Cyber War

On March 1, a permanent visa-free agreement between Thailand and China went into effect, promising to simplify travel for citizens of both nations. This new initiative marks the beginning of a “visa-free era” between the two countries, eliminating the need for visas for short stays. This move is expected to boost tourism and improve relations between Thailand and China by making it easier for travelers to explore each other’s countries.

The agreement between Thailand and China is anticipated to have a positive impact on tourism, as it removes barriers and encourages more visitors to explore these popular destinations. By waiving visa requirements, both countries are likely to see an increase in tourism and a stronger bond between their citizens. This visa-free era signals a new chapter in the relationship between Thailand and China, making travel more convenient and accessible for everyone involved.

With the visa-free agreement now in place, travelers from Thailand and China can look forward to smoother and more convenient trips between the two countries. This significant move not only benefits tourists but also fosters stronger ties between Thailand and China by promoting cultural exchange and expanding opportunities for collaboration. The visa-free era is expected to bring numerous benefits for both nations, including economic growth and increased cultural understanding.

Source link : Thailand and China “visa-free era” begins

The Securities and Exchange Commission (SEC) has requested the revocation of Zipmex’s digital asset business license, citing potential violations of regulations. This means that Zipmex may face business suspension and will need to return assets to its clients or follow their requests while the revocation process is underway. As long as Zipmex continues its operations, it must adhere to these requirements to comply with the SEC’s directive.

The SEC’s request for the revocation of Zipmex’s license highlights the regulator’s concerns about the company’s compliance with digital asset regulations. Zipmex is now required to take appropriate actions to address these issues, including returning assets to clients and following their instructions. Failure to comply with these requirements could result in further regulatory action against the company.

It is essential for Zipmex to cooperate with the SEC in this process to ensure a smooth transition and to demonstrate its commitment to compliance with regulatory requirements. By following the SEC’s directives and returning assets to clients as needed, Zipmex can work towards resolving any regulatory issues and potentially regaining its license in the future.

Source link : SEC ask for revocation of Zipmex digital asset business license

The National Economic and Social Development Council (NESDC) predicts a growth rate of 2.7% for the year 2024, excluding the potential impact of the digital wallet scheme. This projection indicates a positive outlook for the country’s economic development in the upcoming year. The NESDC’s forecast serves as a valuable tool for policymakers and businesses to plan and strategize for the future.

The NESDC’s projection of a 2.7% growth rate for 2024 reflects continued economic stability and growth potential. While the digital wallet scheme may also contribute to economic growth, it is not currently factored into the NESDC’s forecast. This prediction suggests that the country’s economy is on track for steady progress and expansion in the coming year, providing opportunities for investment and development.

By providing a projected growth rate for the year 2024, the NESDC offers valuable insight into the country’s economic trajectory. This forecast allows stakeholders to anticipate trends and opportunities for advancement in various sectors. As the NESDC continues to monitor economic indicators and trends, its projections serve as a guide for decision-making and strategic planning in the business and policy realms.

Source link : NESDC projects 2.7% growth rate for year 2024