Marina Bay vacancy levels are expected to tighten to single-digits.Singapore’s office market is expected to maintain its positive trajectory over the coming years unlike other APAC markets who are bottoming out with vacancy rates poised to tighten across major CBDs, according to DWS Asia Pacific Real Estate Strategic Outlook.Occupants are expected to aggressively snap up the massive offce supply installed in 2017 with vacancy levels in Marina Bay poised to crash to single digits from 19.3% in 2017 to an

Source: Chart of the Day: Tightening office vacancy rates loom in 2022 as tenants snap up limited supply | Singapore Business Review

$63 Trillion of World Debt in One VisualizationIf you add up all the money that national governments have borrowed, it tallies to a hefty $63 trillion.In an ideal situation, governments are just borrowing this money to cover short-term budget deficits or to finance mission critical projects. However, around the globe, countries have taken to the idea of running constant deficits as the normal course of business, and too much accumulation of debt is not healthy for countries or the global economy as a whole.The U.S. is a prime example of “debt creep” – the country hasn’t posted an annual budget surplus since 2001, when the federal debt was only $6.9 trillion (54% of GDP). Fast forward to today, and the debt has ballooned to roughly $20 trillion (107% of GDP), which is equal to 31.8% of the world’s sovereign debt nominally.

Source: Infographic: $63 Trillion of World Debt in One Visualization

World Finance picks out eight standout countries that have been ranked in the World Bank’s Doing Business 2018 report:

The World Bank’s Doing Business 2018 report ranks 190 economies based on how easy it is to do business there, taking into account trading regulations, property rights, contract enforcement, investment laws, the availability of credit and a number of other factors.

Link to report: http://bit.ly/2vWPeE7

Source: World Bank releases Doing Business report | World Finance

The global employment and recruitment industry continues to show solid growth, increasing both the depth and scope of its HR solutions and supporting more than 70m people worldwide to access work each year, according to the Ciett 2016 Economic Report.

Ciett says the report, released today, and based on the very latest available data, demonstrates the pivotal role the sector plays in contributing to more efficient labour markets. The employment and recruitment industry is a labour market enabler supporting companies and workers in adapting to changing demographics, demands and skills. It adds value in four key areas by enabling work, adaptation, security and prosperity.

“The employment and recruitment industry supports people around the world in securing quality work,” said Denis Pennel, Ciett managing director. “From North America to Latin America and from Asia to Europe it identifies jobs, trains people with the skills they need to succeed in the labour market, and helps them make effective transitions throughout their working lives.

“The sector is leading in a changing world of work where expert, tailor-made and adaptable work solutions are already a necessity and will continue to be so in the future.”

 

Source: Global employment and recruitment industry records 8.6% annual growth – Rec