New York, New York – Newsfile Corp. – July 20, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) between March 4, 2020 and May 1, 2023, both dates inclusive (the “Class Period”), of the important August 15, 2023 lead plaintiff deadline.

SO WHAT: If you purchased TriplePoint securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the TriplePoint class action, go to https://rosenlegal.com/submit-form/?case_id=15759 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 15, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose, among other things, that: (1) TriplePoint had overstated the strength of its various portfolio companies and loan book, as well as the viability of its overall investment strategy; (2) the foregoing, once revealed, was likely to have a material negative impact on the Company’s financial position and/or prospects; and (3) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the TriplePoint class action, go to https://rosenlegal.com/submit-form/?case_id=15759 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

New York, New York – Newsfile Corp. – July 20, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Tingo Group, Inc. (NASDAQ: TIO) between December 1, 2022 and June 6, 2023, both dates inclusive (the “Class Period”), of the important August 7, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Tingo securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Tingo class action, go to https://rosenlegal.com/submit-form/?case_id=16856 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 7, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Tingo overstated its revenue and other accounting metrics, creating a false impression of success; (2) Tingo was not meaningfully engaged in many of the business activities that it claimed would drive future growth; (3) many of Tingo’s supposed contracts with customers and suppliers did not exist; and (4) in light of the above, defendants’ positive statements about Tingo’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Tingo class action, go to https://rosenlegal.com/submit-form/?case_id=16856 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

Source link

This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

New York, New York – Newsfile Corp. – July 20, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Proterra Inc. (NASDAQ: PTRA) between August 2, 2022 and March 15, 2023, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 12, 2023.

SO WHAT: If you purchased Proterra securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Proterra class action, go to https://rosenlegal.com/submit-form/?case_id=17699 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 12, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company repeatedly stated the $523 on their balance sheet meant the company had abundant liquidity and financial stability; and (2) the new factory would continue to improve production efficiency and gross margins. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Proterra class action, go to https://rosenlegal.com/submit-form/?case_id=17699 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

Source link

This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

Development Projects, Industrial Parks and REITs Gain Traction

• Primary market residential sales in the Greater Bay Area (GBA) strengthened in 1H 2023 compared to the same period last year, with the improvement mainly seen in Q1, while the secondary market experienced downward pressure
• Total investment volume in the GBA commercial real estate (CRE) market reached RMB28.2 billion in 1H 2023, accounting for 31.5% of total mainland China CRE investment volume in the period
• Local capital and self-use buyers are the key drivers in the GBA investment market, with industrial/business parks and China Real Estate Investment Trusts (C-REITs) gaining traction.

HONG KONG SAR – Media OutReach – 20 July 2023 – Global real estate services firm Cushman & Wakefield today published its Greater Bay Area Residential and Investment Market 1H 2023 Review and Outlook. The pace of economic recovery in 1H 2023 fell short of expectations, and investors in China generally adopted a cautious view. GBA primary market residential sales strengthened compared to last year, despite the overall residential market exhibiting an uncertain upwards trajectory in the period following China’s border reopening. Given the high global interest rate environment, the CRE investment market (large-sized deals at >RMB 100 million) also slowed, with total investment volume dropping significantly compared to last year. Looking ahead to 2H 2023, there are possibilities for some city and local governments to relax residential-related control measures, and such actions will help stabilize the GBA housing market. As for the investment market, it is expected that real estate funds and institutional investors will focus more on investment opportunities related to C-REITs.

GBA Residential Market

The GBA primary residential market recorded approximately 222,000 transactions in the first half of 2023. The sales figure was an improvement of 16.1% y-o-y and 4.7% q-o-q (Chart 1), with the increment mainly seen in Q1, although this performance is in the context of the relatively low base in 2022 under the pandemic restrictions, coupled with a spike in new residential launches in 1H 2023.

Alva To, Cushman & Wakefield’s Vice President, Greater China & Head of Consulting, Greater China said, “At the start of the border reopening period in Q1 2023, residential transactions in the GBA recovered, and the traditional peak season during March and April was also more active compared to last year. However, the boost from the border reopening could not be sustained, and the previous pent-up demand has yet to support the market sufficiently to rebound further. Since April, residential transactions have again slowed, with transaction numbers in June falling by more than 40% compared to March’s peak, exhibiting a lack of upward momentum. The 2H 2023 transaction volume will hinge upon overall economic development. Various GBA cities have recently been relaxing their housing market policies, including easing measures on “reference prices” and “purchasing restrictions”. Consequently, we believe that the GBA market will stabilize somewhat in 2H 2023, with monthly residential transactions expected to reach around 35,000 to 40,000 units, bringing the 2023 full-year total transaction volume to around 430,000 to 460,000 units, a rise of 7 to 15% compared to last year.”

As for residential price levels, some GBA cities did record increases in primary home prices in the 1H period, although these rises were mainly skewed by a few high-end new projects. In the secondary market, home price movements better reflect the current underlying trends. In Shenzhen, for example, Cushman & Wakefield’s price index for mid-to-high-end secondary housing for Q2 2023 has fallen by 8.9% from its prior peak in Q2 2021 (Chart 2), reflecting the downward pricing pressure seen in the secondary market. Nevertheless, price adjustments can be favorable for end-users choosing to enter the market. Under the government’s direction that “houses are for living in, not for speculation,” any further policy changes for the residential market will likely be conservative, we expect home prices to further decline by another 5% in 2H 2023.

GBA CRE Investment Market

The slow global economic recovery, coupled with high interest rates and consequent elevated borrowing costs, has prompted investors to remain cautious, with the investment market primarily supported by local capital. The GBA 1H 2023 CRE investment market (large-sized deals at >RMB 100 million) slowed, with total investment reaching RMB 28.2 billion, down 10.5% y-o-y. However, GBA transactions still accounted for 31.5% of the overall mainland China investment market — setting a new record high and representing a significant jump from 18.0% in 2018 when the GBA initiative was first introduced (Chart 3). Within the GBA’s mainland cities, the Guangzhou and Shenzhen investment markets were the most active, with Guangzhou recording total transaction volume of RMB13.2 billion, exceeding its 2019 full-year transaction level and setting the highest 1H period performance of the last five years.

GBA CRE Investment by Transaction Value and Asset Type

The 1H 2023 period recorded a total of 32 CRE transactions. Eleven transactions were at more than RMB1 billion, accounting for 34% of the total transaction number, a slight drop compared to last year’s 39%. The balance of 21 transactions were at less than RMB1 billion. (Chart 4). Over the last six months, the average transaction value per deal has showed signs of falling, as owners adopt more pragmatic views and become more willing to sell at a discount amid the current economic uncertainties.

In terms of property type, traditional office and R&D-focused office assets continue to dominate the CRE investment market, accounting for over half of the total investment volume in 1H 2023 (Chart 5).

Charli Chan, Cushman & Wakefield’s Executive Director, Capital Markets, China commented, “This has been an opportune time for end-users and investors to enter the market amid the current attractive pricing, while developers have allowed more room for negotiation to close deals and boost their cash flow.”

Charli Chan added, “The China government continues to actively promote the development of C-REITs, providing alternative ways for investors to source capital, which is increasingly attractive for foreign investors and institutional funds. With policy support, the C-REITs market is developing rapidly, and interest is growing in high-end manufacturing business parks and industrial parks, while rental housing apartments, and warehouse and logistic properties are also attracting investors’ attention. In the industrial park sector, tenants are chiefly from emerging industries such as electric vehicles, biopharmaceuticals and renewable energy, attracting investors for their growth potential.

“Rising demand for rental housing, and the accompanying government policy support, have propelled this sector to take a 24% share of total investment volume in 1H 2023. The recent expansion of the C-REITs pilot scheme to include consumer infrastructure is also expected to help drive more transactions of neighbourhood malls, shopping centres, department stores and other related retail properties. Looking ahead to 2H 2023, more properties are expected to come onto the market for sale, with developers and owners setting more flexible prices that meet market expectations, and in turn, shortening the negotiation process between buyers and sellers.”

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Caption: Alva To, Cushman & Wakefield’s Vice President (Left) & Head of Consulting, Greater China (Left) and Charli Chan, Cushman & Wakefield’s Executive Director (Right)

Hashtag: #CushmanandWakefield

The issuer is solely responsible for the content of this announcement.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2022, the firm reported global revenue of US$10.1 billion across its core services of valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china).

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

HONG KONG SAR – Media OutReach – 20 July 2023 – Amazon Web Services (AWS) hosted its annual Financial Services Cloud Symposium 2023 Hong Kong online on July 20th. As the largest AWS event of the year, the conference was held in multiple countries around the world and attracted over 1,000 top professionals and fintech experts from leading financial firms such as Moody’s and Morgan Stanley. Wayne Ng, founder of Algorithm Trading fintech company Forex Forest, was among the keynote speakers and was invited to promote Algorithm Trading to attendees. Ng, recognized as an authority in Asian program trading, shared insights on the development of AI in finance and emphasized the trend towards AI trading. He also highlighted the significance of AWS cloud technology in the company’s business and the industry’s continued growth.

AI Financial Technology Becomes Mainstream: Investors Enjoy Latest Investment Technology and Insight into Market Pulse

Wayne Ng, recognized as an authority in Asian program trading, emphasized that AI algorithmic trading is currently the mainstream development in global fintech. In recent years, many large fund companies and universities worldwide have been using AI technology to assist in investment decisions. Some funds dedicated to program trading have even emerged. Forex Forest, with its proprietary AI algorithmic trading program, has already been applied to major financial markets, leading the industry in fintech and driving the development of program trading in Asia. The company aims to provide global enterprise trading programs and related professional courses (Education Technology – Edu Tech) based on financial technology, enabling all types of investors, including retail investors, to keep up with market trends and enjoy low-cost, high-precision, and fast-responding trading programs.

Forex Forest’s technology products are different from traditional trading programs in that they use big data technology to receive and analyze real-time trading market information from different countries and multiple aspects. They continuously, quickly, and stably centralize scattered data, capture the patterns that appear in the market, analyze the overall direction of the entire trading market through AI technology, and predict the market trends for the next 4 to 40 hours accurately in milliseconds by observing the impact of fluctuations in various product types on the market. In the past, only private banks, investment giants, and professionals such as fund managers could use and participate in similar program trading. The operation required not only computer knowledge but also the ability to set up servers and even the expertise to write program code. Therefore, the general public could not easily enter this market. However, Forex Forest’s proprietary AI trading program product is helping to popularize and personalize AI trading programs in the investment market, bringing great operational convenience and investment advantages to retail investors.

AWS as an Important VPS Provider Benefiting Financial Technology Business Development and Creating a Win-Win Situation

Furthermore, Wayne Ng mentioned that Forex Forest works closely with AWS, a top VPS provider in the Hong Kong market, to utilize AWS’s stable and fast system around the clock, adjust its computing power in response to market fluctuations, and have AWS host related computing machines. The virtual servers can be set up in different locations around the world under its global network, close to the virtual suppliers of financial institutions, to improve data collection and response speed. AWS servers have self-healing capabilities and stable server services under multiple backups, providing accurate services to investors continuously. In addition, the AWS Landing Zone Service also provides Forex Forest with a highly secure and stable system that complies with information technology regulatory requirements in different regions and countries, enabling Forex Forest to quickly expand its business globally and create a win-win situation with the development of technology and investment in different countries.

Attracting Talents Worldwide and Continuously Innovating AI Models

Amidst the widespread use of AI, Forex Forest stands out for its innovative spirit in financial technology, committed to promoting AI technology and algorithmic trading solutions worldwide. Wayne Ng also revealed Forex Forest’s future vision at the meeting. The company opened a physical office and learning centre in Singapore in April this year, successfully attracting numerous local talents. It plans to continue opening corporate physical offices in Malaysia, Taiwan, Japan, and other places within this year, recruiting more talents. In addition, Forex Forest is developing and innovating different types of trading strategies and AI strategy models. For example, it is upgrading its education technology in Edu Tech to help users learn and quickly grasp the application of program trading. Forex Forest hopes to help investors easily use the latest program trading technology and AI technology for profitable investments, recruit talents worldwide, achieve corporate innovation, and continue to promote automated trading programs worldwide, bringing the latest AI algorithmic technology to global market investors.

Hashtag: #forexforest #MT4 #MT5 #Metatrader #Multichart #forex #forexforest #EA #expertadvisor #passiveincome #algotrade #algotrading #onlinecourse #autotrading #expertadvisor #WayneSir #forexforest #aws #SUMMIT #AWSSUMMITHONGKONG #SUMMITHONGKONG #generativeai #esg #summitonline

The issuer is solely responsible for the content of this announcement.

About Forex Forest

Forex Forest, founded by Wayne Ng, has become the No. 1 enterprise in the fully automated program trading industry in Asia since its inception. In recent years, it has won numerous awards and is the only company in Hong Kong to receive both the Outstanding AI Program Trading Education Enterprise Award and the Outstanding AI Program Trading Strategy Development Enterprise Award. Its self-developed AI automated trading program (Expert Advisor) has won the Global Best Trading Program Award for three consecutive years, receiving international applause and recognition and bringing more efficient and intelligent trading solutions to global investors.

The company is committed to developing Fintech AI automated trading programs and promoting and educating algorithmic trading, applying them to the global foreign exchange market. Its Edu Tech business provides teaching content on quantitative trading strategies, backtesting techniques, installation and operation of international trading platform MT4, Python, Algotrading, Expert Advisor (EA), intelligent technical indicators, and more. It also provides award-winning trading programs and intelligent technical indicators developed by Forex Forest for students to use directly and for teaching purposes. The company offers a comprehensive AI investment tool for investors in foreign exchange, futures, stocks, gold, futures oil, stocks, and even emerging cryptocurrencies, as well as investment beginners, enabling them to take advantage of the latest financial technology to invest in the global market and prepare for the future.

Forex Forest (HONG KONG REGION)

Address: Room 816A, 8/F, Star House, 3 Salisbury Road, Tsim Sha Tsui, Kowloon, Hong Kong

Forex Forest Learning Centre (HONG KONG): Room 833, 8/F, Star House, 3 Salisbury Road, Tsim Sha Tsui, Kowloon, Hong Kong

Office Hours: Mon to Fri 10:00-18:00

Tel：+852 2682 0833

WhatsApp : +852 6250 1899

Forex Forest (SINGAPORE REGION)

Address: 6 Battery Road, #03-41, Singapore 049909

Office Hours: Mon to Fri 09:00-18:00

Forex Forest (UNITED KINGDOM REGION)

Address: SPACES Peter House, Oxford Street,Manchester,M1 5AN

Office Hours: Mon to Fri 09:00-18:00

Website: https://forexforest.com

Facebook: https://www.facebook.com/ForexForest

Instagram: https://www.instagram.com/forexforestofficial/

YouTube Channel: https://www.youtube.com/@ForexForest

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

SINGAPORE – Media OutReach – 20 July 2023 – Recent studies by specialist recruiters Michael Page reveals significant shifts in Singapore’s job market, with 2 in 5 individuals actively seeking new employment and 9 in 10 people who started a new job in the past year remaining open to fresh opportunities.

According to the Michael Page Singapore Talent Trends 2023 report titled “The Invisible Revolution”, in the wake of an increasingly fluid and dynamic work environment, the employment landscape continues to evolve at an unprecedented pace, particularly since the onset of the COVID-19 pandemic. It was found that 1 in 2 Singaporeans have switched roles since the pandemic began, demonstrating both the resilience and adaptability of our nation’s workforce.

Further illustrating this trend, Nilay Khandelwal, Managing Director of Michael Page Singapore says, “Despite 50% of respondents expressing job satisfaction and 69% satisfied with their salary, an astounding 92% are open to new opportunities. This paradox indicates a fundamental reset of people’s relationship with their jobs and the value they attach to them.”

The study suggests that companies must rethink their hiring models. With even ‘happy’ staff now open to being tempted away with the promise of better pay, flexibility, and conditions, employment strategies will need to be continuous, rather than on-demand, to keep up.

The report emphasizes the importance of a clearly articulated employee value proposition (EVP). This should go beyond pay and flexibility and get to the nub of the issue with attracting and retaining talent.

Interestingly, the survey also unveiled that 59% of Singaporean employees are more likely to start a job search when they perceive the economic environment as worsening. This finding underscores the importance of economic stability in job satisfaction and employee retention.

These figures reflect a transformative shift in the Singaporean workforce, driven by a blend of personal ambition, economic uncertainty, and the evolving job market. Employers need to be cognizant of these changing dynamics and strive to create workplace environments that foster career growth, job satisfaction, and financial stability for their employees.

Nicholas Kirk, CEO at PageGroup, said, “The trends in Singapore mirror the sentiment of the global talent market – every region has seen a transformative change across all age groups, markets, and industries.

“These are not fleeting trends or reactionary responses to a period of turbulence. Rather, they are reshaping the workplace in a way that will subtly yet fundamentally change the way businesses attract and retain their talent.”

While these revelations may be surprising to some, our study emphasises a long-term transformation of the employment market as people re-evaluate the role of work in their lives. This holds great significance for employers in Singapore, necessitating a re-examination of retention expectations and adopting flexible resourcing solutions in addition to traditional permanent rolesHashtag: #MichaelPage #TalentTrends2023 #InvisibleRevolution

The issuer is solely responsible for the content of this announcement.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.