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Lawrence Adam
Singapore
Interests: travel, marketing, yoga, polo, customer relationship management, employee benefits, general insurance, client servicing, scuba diving and aviation.
Recent Activity
Paternity Leave, Baby Bonus, Medisave Grants, Proximity Grant Scheme Continue reading
Posted Aug 24, 2015 at Sterling Knight COO Blog
A new video was release to encourage greater sign up of CPF Life, a retirement / annuity program for Singapore citizens and permanent residents: For more information on CPF Life, see https://mycpf.cpf.gov.sg/Members/Schemes/schemes/retirement/cpf-life Continue reading
Posted Aug 6, 2015 at Sterling Knight COO Blog
In advance of Singapore's SG50 long weekend, a fascinating speech was delivered by the Managing Director of Singapore's Financial regulator. It delivers a synopsis of our history since 1965 and looks ahead at potential trends in the future. Continue reading
Posted Aug 6, 2015 at Sterling Knight COO Blog
Prime Minister Lee provides insight on Singapore's challenges in 10, 25 and 50 years time. Challenges in 10 years will be maintaining a productive economy, in 25 years, the possibility of inverted population pyramid due to ageing population and slow birth rate, and in 50 years, developing the Singapore identity. Source: Video and transcript published on Prime Minister's Office Website Demographic challenges can be addressed by increasing the total fertility rate from 1.2 to 1.5 to reduce the risk. Policies include pro-family policies which employers have a part to play. Continue reading
Posted Jul 24, 2015 at Sterling Knight COO Blog
A consultation paper has been issued by the financial regulator in Singapore, the MAS, to enhance regulation on selling financial services such as insurance, in public places. Insurance products that will be regulated further will likely be life insurance and personal accident insurance. Source: MAS Press Release We welcome these additional measures to reduce risks of mis-selling of products. Continue reading
Posted Jul 24, 2015 at Sterling Knight COO Blog
The Ministry of Manpower has announced new support for PMEs, as part of building a strong Singapore core of PMEs in the workforce. Measures include: 1. Career Support Program (CSP): Employer wage subsidies of up to 40% (subject to a cap of SGD2,800) for PMEs that were looking for jobs for more than 6 months, provided the job pays at least SGD4,000. Structured on the job training or external training by the Workforce Development Agency, must be undertaken. 2. In Q1 2016, removal of the salary cap of SGD4,500 for coverage under the Tripartite Mediation Framework. This means that it... Continue reading
Posted Jul 23, 2015 at Sterling Knight COO Blog
I provide a round up of some of the key budget initiatives and changes announced in 2015, which, in my view, are relevant to practitioners of employee benefits and HR, cross referenced with the complete budget speech: B27: Evolving our culture: For individuals, an emphasis on self-renewal of skills and an opportunity for individuals to direct their training using SkillsFuture. Employers encouraged to empower their employees to contribute to innovation. In industry, a new collaborative culture will be fostered to develop traditions and skills for the whole industry. This will include strengthened collaborations between training institutions, unions and employer (C38)... Continue reading
Posted Mar 29, 2015 at Sterling Knight COO Blog
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Singapore to build on Mr Lee Kuan Yew's legacy Continue reading
Posted Mar 23, 2015 at Sterling Knight COO Blog
Posted Feb 4, 2015 at Sterling Knight COO Blog
The Central Provident Fund (CPF) advisory panel is in support of further increases in CPF rates (for older employees) as well as increases in the CPF wage contribution ceiling. Source: BT Invest Continue reading
Posted Feb 4, 2015 at Sterling Knight COO Blog
Many Singaporeans continue to avoid jobs involving shift work and strenuous work Continue reading
Posted Jan 27, 2015 at Sterling Knight COO Blog
The National Trades Union Congress (NTUC) proposes the implementation of individual training accounts for employees. The purpose is to give employees greater responsibility and ability to direct their lifelong training, with aid from their employers and the Government Source: Channel News Asia Article and Video Continue reading
Posted Jan 27, 2015 at Sterling Knight COO Blog
Access to hospital records will be granted to the National Administrator Continue reading
Posted Jan 19, 2015 at Sterling Knight COO Blog
According to the local press, Singapore interest rates rose to a 52 week high. This is amid the weakening of the Singapore dollar against the US dollar. The SGD is at a 4 year low against the SGD at USD1:SGD1.328. It is down 7% from 2013. The SIBOR (Singapore Interbank Offered Rate) is 17.2% higher than what it was in February 2014. Source: Business Times Article Continue reading
Posted Jan 4, 2015 at Sterling Knight COO Blog
Driven in part by ICT companies looking to relocate Continue reading
Posted Jan 4, 2015 at Sterling Knight COO Blog
Posted Jan 4, 2015 at Sterling Knight COO Blog
Amid the impact of property cooling measures in Singapore, the URA property market index dropped 4% in 2014. Source: URA Flash Estimates Continue reading
Posted Jan 4, 2015 at Sterling Knight COO Blog
Manufacturing sector contracted in last quarter Continue reading
Posted Jan 4, 2015 at Sterling Knight COO Blog
Support to both employees and employers in progressive work practices Continue reading
Posted Jan 4, 2015 at Sterling Knight COO Blog
Enhanced coverage include higher limits and lower co-insurances Continue reading
Posted Jun 14, 2014 at Sterling Knight COO Blog
Haze masks issued to all households in preparation for drier conditions Continue reading
Posted Jun 3, 2014 at Sterling Knight COO Blog
Factors include cars, utilities costs, strengthening of the Singapore dollar. Continue reading
Posted Mar 24, 2014 at Sterling Knight COO Blog
Posted Mar 24, 2014 at Sterling Knight COO Blog