Overall performance of service industry

The services producing industries grew by 10.5 per cent in 2010, compared to the contraction of 0.7 per cent in 2009. This was due to a broad-based expansion in all services sectors. In particular, the wholesale and retail trade sector grew strongly by 15.1 per cent, amid improving external demand. The financial services sector also posted a robust growth of 12.2 per cent, on the back of increased activities for fund management and commercial bank lending. Tourism-related services sectors (such as the hotels and the arts, entertainment & recreation segments) were bolstered by strong visitor arrivals as well as the opening of the Integrated Resorts.

Employment Situation in year 2010

• Local employment grew by 54,200 in 2010, exceeding the 41,800 gains in 2009. With the strong economic recovery and higher demand for manpower, foreign employment increased by 58,300 in 2010, after declining by 4,200 in 2009. Excluding foreign domestic workers, foreign employment rose by 53,000 in 2010.
• As at December 2010, there were 1,990,700 locals forming 64.2% of the 3,102,500 persons employed in Singapore. The remaining 35.8% or 1,111,800 were foreigners. Excluding foreign domestic workers, the foreigners’ share of employment was 31.4% in December 2010, up from 30.7% in December 2009
• For the whole of 2010, total employment increased by 112,500, significantly exceeding the gains of 37,600 in 2009. The bulk of the employment gains came from services, which added 109,500 workers in 2010, up from the increase of 55,600 in 2009. Construction employment, which rose by 25,100 in 2009, saw modest gains of 2,300 in 2010, due to completion of several large building projects and fewer projects coming on stream. While manufacturing employment declined by 2,700, this was much lower than the losses of 43,700 in 2009.
  

Great News and Testimonial from PALANISA MY VEERAKUMAR

Great News!

Our Student from Postgraduate Diploma in Tourism and Hospitality Management has just been offered a full time job at the Fairmont Hotel Singapore.

This goes to Show that NIM provides top class industry relevant training, and highly motivated students that employers wish to employ.

Testimonial of PALANISA MY VEERAKUMAR

My name is PALANISA MY VEERAKUMAR.

As I have chosen the right school, my future in Singapore will be brighter. Now, I have been offered the Full Time Job from The Fairmont Hotel which I haven’t even imagined in my life. I am very happy in Singapore and I believe that I have chosen the right school which supports my future with experienced lecturers and helpful staff. I have no words to say except “Thank You Nanyang”.