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Hays quarterly reports provide useful tips on market trends

SINGAPORE- In its last quarterly report on Singapore employment market trends, the recruiting cabinet Hays was emphasizing the switch occuring on the marketplace with additional power for job searchers to select their job of preference and to negotiate their conditions of employment.

Singapore celebrates exceptional first quarter growth

SINGAPORE - The Singaporean economy enjoyed an exceptional growth in the first quarter of 2010. As compared to the last quarter of 2009, the economy grew by 32,1 percentage points, an exceptional achievement only partially explained by the low level of the economy in the quarter of reference.

As a consequence, the Singaporean Ministry of Trade and Industry (MTI) raised his forecast for the country's GDP growth in 2010 from 4,5-6,5% to 7-9%.

Asia is investing on the development of Asian tourists in France

Asian tourists in Europe has seen their number increase sharply recently and constitute a privilege clientele for high luxury products and hospitality specialists. Chinese tourists alone spent nearly $ 155 million in High luxury goods in France in 2009, around 15% of overall expenses from foreign tourists in the sector; a figure showing a 37% increase compared to the previous year. Chinese tourists have overpassed Russians and are leading the race far ahead of Americans (whose expenses are estimated to $64 Millions).

Indonesia courts foreign investors

INDONESIA- South East Asian countries are vying fiercely for attracting foreign investment in order to spur growth, create jobs, and enable bold development in strategic areas. Once a country imposing tight limitations, Indonesia is now reviewing it's investment rules to make it easier to invest in the country.

Malaysia's New Economic Model

MALAYSIA - The Prime Minister of Malaysia, Najib Razak, has eventually unveiled details of his New Economic Model for Malaysia. In a recent business conference, he announced his country's ambition to join the group of developped nations within 10 years, planning to more than double the $7000 per capita income of today through sustained growth, attracting foreign investments and boosting productivity.

Expatriates are not all going to Heaven

Dreamt of expatriation and reality: for the expatriate and furthermore his spouse, the relation between the most glamorous aspects of what had primarily been fantasied and reality of day to day life locally is sometimes far fetched. Even in Singapore, Heaven might occasionally taste like Hell, but nobody ushers a word about it: who would listen ?

The Shanghai expo starts in May

The Shanghai universal Expo, which is due to last from May,1 to October,31 2010, has entered it's last weeks of intense preparation. The event promises to be huge, with more than 70 millions visitors expected and over 200 participating countries.

Economy: Japan still ahead of China in 2009

Thanks to a last quarter in 2009 which was better than expected, with a 1,1% growth of its gross interior product, Japan remains the number 2 world Economy in 2009.

But 2009 was a very difficult year for Japan. It's economy contracted by 5% in 2009, the worst results since 1955, and it's growth in 2010, according to gevernmental sources, should not exceed 1,4%.

In these conditions, Japan could well cede it's 2nd rank to China as soon as in 2010 : it's total GDP in 2009 was 3.871 billions €, compared with china's 3.594 billions €.

Australia tightens its migration rules

Australia tightened yesterday it's migration rules in an effort to slow the inflow of foreign students attending short and low level education programs in hope to settle in the country, and to reemphasize the need to preferably welcome engineers and doctors.

Immigration Minister Chris Evans said about 20,000 overseas applications have been rejected, and new rules would require better english skills and target the best and the brightest.

Singapore envisions its future: talents, innovation, attractivity.

Established in May 2009, the Economic Strategies commitee (ESC) submitted on the 1rst of February its key recommendations to ensure sustainable growth and maximize Singapore's ability to benefit from current opportunities in the Region.

The aim of the exercise was to look beyond the coming decade, and to work with no delay on how to adress the opportunities and challenges that will condition Singapore's continuous success and comfort it's central role in the Region.