Daily Briefing: French food firm Roquette opens Singapore office; Singaporeans ready to work until 70

And here’s why the CPF is not a safety net for retirement.

From Human Resources Online:

As part of its increasing focus on Asia’s nutrition and health challenges, global specialty food ingredients and pharmaceutical excipients firm, Roquette unveiled its new Asia Pacific headquarters and an innovation centre in Singapore yesterday.

According to a media statement, the new facilities will be focused on food, nutrition and pharma to better address eating habits and health concerns of Asian consumers.

Roquette’s headcount in Singapore has grown rapidly – from 15 employees last year to around 50 now. In line with the opening of the new headquarters and innovation centre, the company expects to further increase its headcount to hit 70 to 80 in the next few years.

Read more here.

From Bloomberg Finance:

Singaporeans on the verge of retiring are prepared to keep working for longer than those that came before them.

Men aged 55 to 59 had far greater expectations to work full-time past 65 and 70 than employees currently are, while women had higher such projections beyond 62, 65, and 70, according to the latest survey by the Singapore Management University’s Centre for Research on the Economics of Ageing, which works with the U.S.-based RAND Corporation.

Read more here.

From DollarsAndSense.sg via Yahoo! Finance:

While this is helpful in many cases, iCompareLoan chief mortgage consultant Paul Ho reckons there is no safety net for retirees who are not rich.

He believes that Singaporeans cannot rely solely on the government for help, and should instead start planning for their retirement as soon as possible by setting aside 10 to 20 percent of their monthly income for insurance and savings.

Read more here.