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NEW UPDATES Asean Affairs  23 April  2015  

SMEs to get funding for outsourcing human resource tasks

SINGAPORE: From May 1, small and medium enterprises (SMEs) can tap funding to outsource their human resource functions.

Enterprise development agency SPRING Singapore will fund up to 70 per cent of qualifying costs incurred by firms in outsourcing the functions, announced Minister of State for Trade and Industry Teo Ser Luck on Wednesday (Apr 22). He was speaking at an employee management conference held at the Singapore Expo.

The funding will help defray a one-time set up cost in outsourcing, and up to a year's worth of subscription fees.

SPRING has appointed 11 human resource service providers for companies to outsource staff administration tasks to.

Under this shared services initiative, first revealed in Budget 2015, firms can engage the service providers to perform tasks like payroll processing and employee data administration.

Smaller firms which lack the resources to do staff management tasks will stand to benefit the most from this initiative.

Application for the scheme will be open till Apr 30, 2016.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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