SG Morning Highlights | Nio Reports a 5.07% Increase and Strategic Investments in its Chinese Subsidiary

.STI FTSE Singapore Straits Time IndexTradingSep 30 09:02

3577.400+0.11%

Advancers / Decliners is 67 to 47, with 61.18 million securities worth S$55.70 million changing hands.

According to the Singapore Business Federation, the IT, professional services, and manufacturing sectors are at the forefront in recognizing the significance of digital transformation within Singapore. An overwhelming 99% of professionals within the IT and professional services sector regard digital transformation as crucial or of moderate importance, closely followed by 97% in the manufacturing sector. Subsequent sectors such as retail, real estate, hotels, restaurants, and accommodations report a strong recognition as well, with 95% acknowledging its importance. This is slightly higher than the wholesale trade at 94%, and the banking and insurance sectors at 92%. The primary focus of these digital transformation efforts is enhancing operational processes and Informational Technology (IT) systems.

A recent survey found that nearly 70% of Singapore employers consider a four-day work week feasible, but business leaders express skepticism about its accuracy in reflecting true ground sentiment. The survey, conducted by recruitment consultancy Robert Walters and released on Tuesday (Sep 24), included fewer than 100 companies in Singapore. According to the findings, 69% of these respondents believed a four-day work week was a "feasible concept." This survey was part of a broader regional analysis involving over 5,000 professionals and companies across 11 Asian markets. However, contrasting results emerged from an informal follow-up poll conducted among approximately 80 Asme members, with over 70% responding: "No, it's not feasible," casting doubt on the initial survey's findings.