Some Memories

40% of workers are considering quitting their jobs soon Nearly half of job-leavers are switching industries  About 48% of people who quit have pursued new opportunities in different industries, the report found.  Dowling points to two factors driving this exodus: pandemic-induced burnout and better odds of securing a higher-paid role in a tight labor market. 

Nasdaq gains boosted by Tesla shares, dollar decline Meanwhile, the dollar declined following a surprise interest rate hike Thursday from the European Central Bank, which raised rates  for the first time in 11 years . The central bank increased benchmark rates by 50 basis points. A weakening dollar could  boost shares of tech companies , as several major companies in the space get a chunk of their revenues from outside of the U.S.

Mapletree Industrial Trust, CapitaLand Investment and OCBC By Royston Yang, The Smart Investor https://sg.finance.yahoo.com/news/3-singapore-blue-chip-stocks-100000953.html

Singdollar holds steady against US dollar, rises against peers after MAS surprise move It is also higher against the Malaysian ringgit - at about 3.17 - but still shy of the 3.1986 high on May 26. Despite Thursday's gains, the Singdollar is still down about 4 per cent against the greenback this year. Economists said the MAS' latest move is an attempt to dampen imported inflation: A stronger Singdollar would potentially make imports cheaper and help to alleviate inflationary pressures that show no signs of abating. https://www.straitstimes.com/business/economy/singdollar-holds-steady-against-us-dollar-rises-against-peers-after-mas-surprise-move

The group has paid out a consistent dividend over the last 12 years amounting to S$1.8185 per share. Your 3,000 shares would have netted you a total of S$5,455.50 in dividends from 2010 to 2021. Add this to the S$12,400, and your total will come up to S$17.855.50 for a 78.6% total return. Over 12 years, this translates to a 4.9% compound annual growth rate, which beats the long-term inflation rate of around 2% to 3%. https://sg.finance.yahoo.com/news/much-d-end-had-invested-100000296.html

* MAS re-centres mid-point of exchange rate policy band * Says move should help slow inflation momentum * Policy move marks fourth tightening in nine months * Central bank raises full-year inflation projections (Adds more comments, GDP and inflation data) By Anshuman Daga SINGAPORE, July 14 (Reuters) - Singapore's central bank tightened its monetary policy on Thursday, in an off-cycle move, saying the action would slow inflation as the city-state joins other economies scrambling to fight mounting price pressures. The Singapore currency jumped broadly after the news and was last up almost 0.7% to S$1.3963 per dollar, with economists expecting further tightening in October. The tightening was the Monetary Authority of Singapore's fourth in the past nine months and comes hot on the heels of Canada's surprise 100 basis point interest rate hike on Wednesday and just before an out-of-cycle 75 basis point hike in the Philippines on Thursday. "Clearly, MAS is very concerned ab...

INTERACTIVE: How the pandemic hit foreign labour in Malaysia

Creativity, education and learning beyond IR4.0 Stepping into the era of IR 5.0, the tech world is embracing collaborative robot systems – Cobots. It is about integrating human efforts with smart technology. Humans will no longer be scared of robots, but regard them as working partners. In tandem with the emergence of the most disruptive technologies – 4D printing, quantum Internet, miniature AI, brain-computer interface, smart robots, neuromorphic hardware – there is a growing need to develop talents that can ride along with the wave of digital transformation. https://www.thestar.com.my/starpicks/2022/07/06/creativity-education-and-learning-beyond-ir40

Suggested solutions to tackle food shortages https://www.thestar.com.my/lifestyle/health/2022/07/12/suggested-solutions-to-tackle-food-shortages

The group of sectors comprising the information and communications, finance and insurance and professional services sectors expanded by 4.1 per cent on a year-on-year basis in the second quarter. All sectors within the group posted expansions. The remaining group of services sectors - accommodation and food services, real estate, administrative and support services and other services sectors - expanded by 8.2 per cent year-on-year in the second quarter, accelerating from the 3.5 per cent growth in the previous quarter. Most sectors within the group expanded, with activities supported by the easing of COVID-19 measures, including border restrictions. Growth in the food services sector was bolstered by the removal of dine-in size limits at the end of April.

Am enjoying listening to the viewpoints from Prof Walter Theseira in this CNA Podcast. https://www.channelnewsasia.com/listen/heart-matter/high-inflation-singapore-why-it-biting-us-harder-time-2812046