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Workforce Singapore (WSG) is a statutory board under the Ministry of Manpower of the Government of Singapore.. During the worldwide COVID-19 pandemic in 2020, when many Singapore citizens and Permanent Residents lost their jobs due to the closure of businesses, Workforce Singapore played a vital part in career-coaching the people of Singapore into transitioning into essential industries.
The Singapore Civil Service is the bureaucracy of civil servants that supports the Government of Singapore. Along with the Singapore Armed Forces (SAF), statutory boards, and other independent government bodies, the civil service makes up the overall public service of Singapore. [1] As of 2022, the civil service has about 87,000 employees. [2]
Employment in Singapore, including the development and planning of Singapore workforce to achieve "globally competitive workforce in a sustainable manner," is managed under the jurisdiction of Ministry of Manpower. Other aspects of employment related functions as International Talent Promotion, Labour Relations, Management of Foreign Manpower ...
The Public Service Commission (PSC) has a constitutional role to appoint, confirm, promote, transfer, dismiss and exercise disciplinary control over public officers in Singapore. It is constituted under Part IX of the Constitution of Singapore. The PSC also retains two key non-constitutional roles.
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Public banks come in a variety of models. A public bank might be capitalized through an initial investment by the city or state, as well as through tax and fee revenue. [7] A public bank, like a private bank, can take tax revenues and other government income as deposits, create money in the form of bank credit, and lend at very low interest rates.
Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.