DBS says crisis could cost Singapore 99,000 jobs

Singapore's unemployment rate is likely to hit a 20-year high of 5% in 2010, with 99,000 jobs expected to be lost, according to a report by DBS.

Singapore's non-oil domestic exports to China have fallen by as much as 51.6 per cent as compared to 50 per cent to the US. And that contributed to the sharp 34.8 per cent drop in non-oil domestic exports in January, which is the sharpest ever in history

A summary on the job cuts estimate:
DBS: 99,000
Credit Suisse : 300,000
NUS Economics Dept: 130,000

In between, DBS estiamtes manufacturing jobs are likely to be worst hit with an expected 58,000 job losses next year.

Unemployment is likely to hit 4.8 percent this year and peak at 5 percent by the middle of 2010, it said. That figure would be a “20-year high,” according to the Singapore daily, Straits Times.

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Learn - Blogs, Wikis & Free Software

There are 3 things that we need to know about today’s Internet technologies:

FIRSTLY, a powerful GLOBAL CONVERSATION on blogs and lots of other social media had begun since 1999. Catch up quickly or you might be left behind!

SECONDLY, email volume on related projects could be down by 75% and meeting times whacked in half… if you use wikis effectively, according to a report by Internet research firm Gartner Group.

THIRDLY, NO licence costs, NO restrictive licences, and NO vendor lock-in are possible and feasible. In fact, you can set up a corporate website for as low as US$10 a year, or have easy access and installation of dozens of free scripts for as low as US$10 a month!

Upon completion of the course, you should be able to:
* Set up your own website for as low as US$10 a year or US$10 a month.
* Create a blog on a popular blog host, add posts with text, links, graphics, audio, video and comments; and change the settings and templates of your blogs.
* Make use of social networks such as Facebook as a savvy member.
* Use RSS (rich site summary) effectively as a reader/subscriber.
* Create a wiki on a popular host, manage wikis pages, adding text, tables, links, graphics, audio, video and comments; and change the settings of your wikis.
* Use Google services to search, organize, communicate and collaborate on relevant information.
* Discuss meaningfully the “what”, “how” and “why” of using blogs, wikis, and other free software (such as Google apps and Moodle) to meet the information sharing and training needs of a commercial or educational organization.

Run1 - 19 to 20 March 2009 ► Register for this run
Run2 - 25 to 26 June 2009 ► Register for this run
Time: 9.00am - 5.00pm
Venue: NTU@one-north campus, Executive Centre
Fee: Standard: SGD$590.00 NTU Alumni: SGD$472.00 Group (3 & above): SGD$531.00


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Losing too much time on Business Reporting?

CFOs, Financial Controllers, Accountants, Finance Managers, Businessmen who find generating management reports too time consuming and rigid for analysis purposes. This course will also suit business leaders who want to achieve a higher level of expertise for financial reporting thereby transforming themselves to be vital business partners to the organisation.

ICPAS has announced new incentives on 20 Jan 2009 to help more accountants to be trained in the Bar Program. Check out http://www.icpas.org.sg/bizexcel.asp for more information.

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Master of Science in Wealth Management (MSc in WM)

The Master of Science in Wealth Management (MSc in WM) is a flagship programme of the WMI developed in close collaboration with the Singapore Management University (SMU) and the Swiss Finance Institute. The degree will be awarded by SMU. The programme is tailored to meet the educational needs of post-graduate students wanting to work in the wealth management industry and existing wealth management practitioners who would like to enhance their academic and professional credentials.

The programme emcompasses asset management as well as private banking. Students will learn the technology that underpins the products used in these two businesses. They will also analyze and discuss the process of investment management, security analysis, portfolio diversification, valuation and risk management. Those wanting to specialise in asset management/product development will deepen their technical knowledge of financial products, while others wanting to specialise in the client relationship aspect of private banking will find courses on topics such as financial and tax planning, life cycle wealth management and managing client relationships very relevant.

Scholarship

A number of corporations have scholarships available for their own staff. This includes the Government of Singapore Corporation (GIC) and Temasek Holdings. Potential candidates of these companies should check with their HR Departments.

The Master of Science in Wealth Management programme is one of the approved programmes under FSP supported by the Financial Sector Development Fund (FSDF). The Finance Scholarship Programme (FSP) administered by the Monetary Authority of Singapore was designed to groom a critical mass of specialists in targeted fields such as risk management, quantitative finance and finance.

For more info: http://www.business.smu.edu.sg/MWM/scholarships.asp

Information Session

27 February 2009, Friday, 7.00pm at Seminar Room 2.3, Level 2

Singapore Management University
Lee Kong Chian School of Business
50 Stamford Road
Singapore 178899
Tel: +65 6828 0281

If you wish to attend any of the above sessions, please click here to register


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Introduction to Trading FX Futures and Options

Topics covered:

* Getting started trading FX Futures
* Why trade FX? Why trade CME FX?
* Overview on mechanics of trading FX Futures and Options
* FX Market Structure
* Trading CME FX Options
* Q & A Session

K.C. Lam was appointed Head of FX, Asia for CME Group in November 2007. He is responsible for helping to execute CME Group's Asian FX business strategy including increasing trading volume and distribution of FX futures and options on CME Globex®, the exchange's electronic trading platform, further diversifying the company's customer base and building product awareness across the region.

Venue:
10 Eunos Road 8, Singapore Post Centre Theatrette @ Level 5
Opposite Paya Lebar MRT station

This seminar is completely FREE, but space is limited. To reserve your seat, you must have an active account or submit the account Application forms on the evening of the event. BONUS - Fund your account on the night with over SGD$3000 and receive a FREE Gift. If you have any questions about this event, please email info@optionsxpress.com.sg


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