FROM THE EDITOR
Our annual Salary Survey revealed that only 22% of employees will experience a pay hike this year, but the raise will be so small it’s almost negligible. Heftier paychecks are on hold for most of Singapore’s workers as employers brave a lacklustre economic outlook this year. With a dearth in highly-skilled talent amidst a candidate-saturated market, firms are taking a more conservative approach in increasing salaries, offering bonuses, and taking in fresh blood.
Meanwhile, 2016 has been a rather bumpy year for Singapore’s Venture Capital (VC) landscape, but the uncertainties, experts say, may likely only be a small bump. Find out how Singapore’s VC scene fared last year compared to the rest of the region and beyond, what industry will prove to be the “unicorn” of Singapore’s VC, and how the sector will ride out the rest of 2017.
We also looked into the food delivery services sector in Singapore, and found out that there is an estimated $250m dispatched to hungry diners’ homes every year. The market could grow up to $600m by 2021. We spoke to delivery giants Foodpanda and Deliveroo, and other market players to find out how they are battling for long-term sustainability in the city state.
Enjoy the issue!