| | JUNE 20234 Even though 3.5 percent of GDP growth for 2022 was narrowed from an earlier projected range of 3­4 percent, wage growth in Singapore in 2023 is set to stay robust even as the slowing economy cuts labor demand. Following the significant ease of COVID-19 restrictions, yesteryear saw the country's labor market attaining pre-pandemic normalcy. Total employment surpassed pre-Covid levels in the third quarter of 2022, making way for a reduction in unemployment rates. The business realm in the country is doing a commendable job. The budget presented by the Deputy Prime Minister (DPM) and Finance Minister of Singapore, Lawrence Wong, also shares the same sentiments. DPM Wong explained many new strategies to support workers and job seekers with a better system of reskilling and upskilling. He explained the vision of re-training people and placing them in new jobs, helping them bounce back from career setbacks. Borrowing his words from the budget speech, "Ultimately, the value we create as an economy must benefit Singaporeans through wage growth and job opportunities. And this is why we have invested and will continue to invest heavily in our people."He also elaborated on the SkillsFuture program, which strongly supports employers and individuals investing in upskilling. It is quite clear that the government is planning to do more and shift its efforts into higher gear as the world enters an era of economic disruptions. While skilling, upskilling, and reskilling take the pilot seat, we have come up with a special issue based on Professional Training & Coaching in Singapore. Do let us know your thoughts.Sujith VasudevanManaging Editoreditor@ceoinsightsasia.comEditorialSkilling Takes the Pilot Seat Vol 04 · Issue 4-5 ·JUNE, 2023 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan Manager - DesignPrabhu Dutta A.R.N Ray Noida Rohit Raghubanshi Akshay Shettyadvertise@ceoinsightsasia.comEditorial queries editor@ceoinsightsasia.comTo subscribeVisit www.ceoinsightsasia.com/subscribe/ or send emailto subscription@ceoinsightsasia.comMagazine Price is $50 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2023 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Sr. Designer Souvik Acharya Visualizers Tushar Das Mrigank SharmaVP - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Tejaswini P. Hima P M Keerthana Kantharaj Roopalatha H
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