Is it worth it to travel to Germany during COVID season

Is it worth it to travel to Germany during COVID season?

Travelling is not the same after COVID19. There are new terms such as VTL, PCR and 2G ruling. However, that’s not the most frustrating and most worrying thing.

It is that these rules can change overnight.

For those of you who are concerned about the cost of travelling and if it will be worth it, I will be writing on a sole account on my trip to Germany and the cost of it. I will also share my frustrations and what you should take note for your trip if you wish to do so.

Disclaimer: COVID19 rules change often. Please get the most updated information from official sources and let this blog be a guide for your safe travels to Germany.

Is it worth it to travel to Germany during COVID season
Is it worth it to travel to Germany during COVID season

Booking of Flights

The booking of flight was the easiest part. When we were booking our flights, we were quite worried when we couldn’t find a VTL (Vaccinated Travel Lane) from Singapore to Germany. Fear not, this is because VTL is only applicable from Germany to Singapore. The flight from Singapore to Germany will not have a VTL status as shown below.

SIA Tickets Singapore to Germany Cost COVID
SIA Tickets Singapore to Germany Cost COVID
SIA Tickets Germany to Singapore Cost VTL
SIA Tickets Germany to Singapore Cost VTL

Noticed that there is a box in blue (from Frankfurt to Singapore) that shows Vaccinated Travel Lane (VTL). If you do not wish to be quarantined when you are back, pick the VTL (Vaccinated Travel Lanes). There will be VTL and non-VTL flights so choose properly. Hope this put to rest some of the doubts that some of you might have.

There are only two airlines namely Lufthansa and Singapore Airlines are serving this route for now.

In our case, We flew by SIA to Frankfurt during December 2021 and it costs $1007 both ways.

Travel Insurance

Travel insurance isn’t compulsory during the period of time when we were travelling to Germany but we purchased it anyway. There were 3 decent insurance companies that covers for COVID-19 situations that you can consider. These companies are namely AIG, AXA and NTUC. I won’t go into the details. Please note that some countries require proof of insurance before entering.

AIG COVID19 Coverage Travel Guard
AIG COVID19 Coverage Travel Guard

Personally, I selected AIG Travel Guard for my trip there. It cost $137 for a ten days trip to Germany.

Vaccination Proof

This is probably the most important item you will need for a trip. Go to Notarise to download and print a copy of your vaccination proof. (I have also save a copy of the vaccination proof in my phone just in case).

Notarise Vaccination Certification
Notarise Vaccination Certification

Germany treats COVID19 very serious. Every single retailer and restaurant will definitely check your vaccination status. You have to be fully vaccinated (with Germany approved vaccines) with 6 months of validity. You can consider this like a “passport / Trace Together” to be checked before entering any facilities.

FFP2 Mask

FFP masks are “filtering face piece”. It is a European standard for mask efficiency, ranging from one, the lowest grade, to three, the highest. Some hotels or tourist attractions will need you to wear a FFP2 graded mask before you can be allowed in.

It is very similar to America’s N95 or China KN95.

Is it worth it to travel to Germany FFP2 mask
Is it worth it to travel to Germany FFP2 mask

I wasn’t sure how strict Germany will be so I bought the FFP2 mask from Shoppe that bore the wording FFP2 on the mask. I bought 10 FF2 masks for 10 days. However, 2 of them was faulty. Luckily, it is generally quite easy to buy a mask in Germany. The box I bought cost $16 for 20 pieces.

German Rail Pass

This is the least complicated of them all. You just have to check if buying single train tickets are worth it or buying a rail pass.

Is it worth it to travel to Germany Rail Pass
Is it worth it to travel to Germany Rail Pass

If you are travelling inter cities, you might be thinking if it is worth it to get a German Rail Pass. A German Rail Pass is like an “unlimited” travel pass that you can use to get yourself around. The German Rail Pass allows you to travel on Deutsche Bahn trains (U Bahns are not part of the DB series). It will get you to most places. It is generally worth it if you plan to travel to more than 3 cities (with a combination of Frankfurt, Cologne, Munich, Heidelberg, Stuttgart, Hamburg, Berlin). It is quite flexible and you can choose if you want it for 3,4,5,7,10,15 days consecutive or selected travel dates version.

I paid $325 (for myself) for a 10 days consecutive German Rail Pass Twin Pass. Simply print a copy of Rail Pass before going to Germany.

Travelling In Germany

That’s all the heavy lifting you need to do before going to Germany.

At the time of travel (Dec2021), we did not need to do any COVID-19 test to go to Germany (Check the latest here). It would be good to familarise yourself with the 3G, 2G and 2G plus rules in Germany. In most cases, you will see 2G more often, this means that you have to be fully vaccinated or recovered from COVID-19. In most cases of Singaporeans, you will be fully vaccinated already. Simply show your vaccination proof and your passport to be allowed in.

You will also need to wear a mask when you are indoors (trains, shopping center).

The restaurants do not practice safe distancing (which was strange to us). It tends to be a squeezy at times. On the bright side, the food portion is huge and affordable. Order as you deem fit.

Is it worth it to travel to Germany Food Cost
Is it worth it to travel to Germany Food Cost

VTL Preparation into Singapore

This worried us the most as we needed to do a Pre-Departure test before coming back to Singapore. When we first booked the air ticket, the requirement was to do a PCR test which cost around 70Euros.

Germany To Singapore Pre Departure COVID Test VTL
Germany To Singapore Pre Departure COVID Test VTL

However, when we re-checked the website, we realised that PCR OR ART was allowed for Germany (Category II). Although apprehensive, we decide to wing it and take the ART which cost 8.5Euros instead. Talk above massive savings!

We did our test at Zentrum. You should be able to find a COVID test center quite easily in Germany. Please remember to go to a center which will be able to provide you a test certificate showing negative results. In our case, the results came after 1 hour (phew).

You will then need to do a E-Health Declaration and book a PCR test upon arrival in Singapore (SGD$125).

Back To Singapore

We were very fortunate to be the batch that require us to go for 7 days of ART test. On the on the third and seventh days, the tests will have to be done under supervision at a combined test centre. After being tested negative, we can proceed out to do our daily activities.

Fortunately, it wasn’t very expensive. 5 days of test kits cost around $25 in total and the 2 days of ART supervision cost $30. In total, this is an extra $55 that we didn’t see coming.

Conclusion

The whole trip costed around $3000 per person. Transport costed the most as airticket and the rail pass was the most hefty item. Accommodation was the second on the list. I found the hotel rates pretty similar as compared to before COVID so book according to your requirement.

I find that budgeting around SGD$100 for daily meals (with beer) is quite reasonable. You probably will have some extra to get some presents.

If you are planning to do skiing, it is not the cheapest activity but it will definitely be worth it.

There is a “new norm” COVID related expense at 6.3%. These includes my FFP2 mask, the PCR test and various ART test.

Is it worth it to travel to Germany Total Cost

Is it worth it to travel to Germany Total CostSomebody asked me if given the choice again, will I travel to Germany?

The answer is a resounding yes. Germany is a country that treat COVID seriously. The streets are generally safe and people are friendlier than Singaporeans (I will use myself as a basis point). It is nice to try different food and walk in a different street once in a while. Overall, I enjoyed myself very much and look forward to your experience overseas.

Lastly, take note that COVID rules have changed before and are very likely to change again in future. Please check the latest requirements and let this article serves as a general guide.

Safe travels.

Is it worth it to travel to Germany 2021
Is it worth it to travel to Germany 2021

Chengkok is a licensed Financial Services Consultant since 2012. He is an Investment and Critical Illness Specialist. Wealthdojo was created in 2019 to educate and debunk “free financial advice” that was given without context.  

Feel Free To Reach Out To Share Your Thoughts.

Contact: 94316449 (Whatsapp) chengkokoh@gmail.com (Email)
Telegram: Wealthdojo [Continuous Learning Channel]
Reviews: About Me

The views and opinions expressed in this publication are those of the author and do not reflect the official policy or position of any other agency, organisation, employer or company. Assumptions made in the analysis are not reflective of the position of any entity other than the author.

How To Identify Bullshit Investors Say

How To Identify Bullshit Investors Say

This might be an uncomfortable read for some. If you might take umbrage at what you are going to read, I suggest heading to other friendlier parts of my website such as “what’s holding us back in our wealth management journey”.

The market don’t really make sense on a day to day basis. Benjamin Graham, father of value investing famously said this. “In the short run, the market is a voting machine. In the long run, the market is a weighing machine.” Personally, I agree with this and that you should really invest in the companies you want to see grow in the long run.

Alas, in real life we have plenty of distraction coming from our friends, “Gurus“, Gamestop, Bitcoin, Elon Musk (just to name a few).

On the ground, here is a story of bullshit that I hear one investor says and here’s how to identify them.

How To Identify Bullshit Investors Say
How To Identify Bullshit Investors Say: Hulk Says BULLSHIT!

 

There are 4 stages of Bullshit that you get to hear. It follows very closely to the market cycle.

4 Stages Of Market Cycle
4 Stages Of Market Cycle

The most noise happens typically at stage 3. One recent example would be the market crash of March/April 2020. Let’s start here.

Stage 3: This time is different. Wait for confirmation.

As Sir John Templeton puts it, this time is different is the 4 most dangerous words in investing. During March/April 2020, the stock market crashed. People were pulling money out of the market because they felt that COVID19 was going to have a significant impact of the economy.

During a crash, the best thing to do is to keep calm and learn how to endure the correction. As easy as it may sound, it is not easy to do. I know of people who are pulling out or adopting the stay at the side saying “this time is different”. The crash will be longer than usual and this is the first time (not really) that a virus has made it’s way worldwide. Every sensible country is in a lockdown. The entire economy is in a standstill. This situation will drag on. It is better to keep some in cash.

Most people don’t do anything (if they have the capital) or they may take losses to protect their capital because “this time is different”. This is bullshit because this is the best time to invest in companies you always wanted to.

Stage 4: Some leverage is good debt. Let’s 10X our capital.

Things are recovering right now. People are starting to enter the market. At this stage, most people would be making money from the stock market easily. If you know someone who have invested from May 2020 to Dec 2020, they will be bragging how they can be financially free in no time. They are looking into leverage instruments because they are looking to 10X their capital!!

This is the time to go long because economies are recovering. Some sectors have benefited and it is obvious (in hindsight) that they are benefiting (WFH stocks like zoom). You are a little late but there is still some time to enter. People all around somehow are making money and you don’t want to left out.

More bullshit because greed is now fueling the stock market. This is the easiest time to make money no doubt. Talk is cheap, people are showing off their results on Facebook. Almost everyone is making money here.

Stage 1: Value Investing is Dead. You got to pay more for quality.

This the most scary part of the cycle (in my opinion). The market is over-heated and valuation are rich. The narration here is “you got to pay more for quality”. As more and more people starts to pay more, the price of the stocks starts to go higher and higher. Cathie Woods starts taking central stage here in 2020 with her ARK funds outperforming all major indices. People starts to buy into the idea and invest with higher prices.

The ultimate bullshit because prices are going to the moon now. No one is concern about fundamentals. Everyone is waiting for the stock to gap up and celebrate until…

Stage 2: You need to have diamond hands. Valuation is everything.

For some reason, earning beats don’t increase the stock price anymore. Although the results are fantastic, stock prices are dropping. Stock prices drops and people start to think that there is a “sector rotation”. Here, you will need to have diamond hands as you have bought the stocks are “good prices” already.

However, stock prices continue to drop. Warren Buffett takes central stage again. Gurus are saying valuation is everything. Prices continue to go down and people gets worried. People begin to sell in companies that they have less conviction in.

Bullshit because it is too late to notice that valuation was too rich before.

 

Final Thoughts By Wealthdojo

The cycle continues on. I heard this bullshit in the last one year all from the same investor. I cannot imagine how inconsistent his/her investment strategy is and how many people have lost money because of him/her.

To put things into context, the above advice are good advices except that it is adapted conveniently to sound smart in the market. Investment is not all rosy and sunshine. It comes with rains and storms. We need to learn when is the best time to plan the seeds, when is the best time to wait and when is the best time to celebrate. A far sighted plan is needed to prepare oneself in their investment journey. Average investors learn from their own mistakes over time. The best ones learn from other people’s mistake using their time and experience. Investment is not complicated. You just need to learn from the best and apply it.

All the best to everyone enduring this correction.

 

Chengkok is a licensed Financial Services Consultant since 2012. He is an Investment and Critical Illness Specialist. Wealthdojo was created in 2019 to educate and debunk “free financial advice” that was given without context.  

Feel Free To Reach Out To Share Your Thoughts.

Contact: 94316449 (Whatsapp) chengkokoh@gmail.com (Email)
Telegram: Wealthdojo [Continuous Learning Channel]
Reviews: About Me

The views and opinions expressed in this publication are those of the author and do not reflect the official policy or position of any other agency, organisation, employer or company. Assumptions made in the analysis are not reflective of the position of any entity other than the author.

Why I Sold SBS S61

Why I Sold SBS S61

This certainly did not age well. Previously, I wrote about Potential 50% Gain Boring Company: SBS S61. I had full optimism that this overlooked company would recover back to it’s usual level by finishing 2020 with a good 2H results. I was wrong.

Below are my learning lessons and the reasons why I have sold.

I remain ground on my principle of Wealth Management and will explain the reasons of doing so.

 

What Happened In Oct 2020?

I read about the 1H results for SBS (S61). I felt that during 1H of the financial reporting, bus ridership was heavily. This is due to the circuit breaker which started on 7 April 2020 and ended on 1 June 2020. The circuit breaker lasted for 1 month and 3 weeks. I believed that close to 30% of the revenue was “lost” because of that circuit breaker (1 months and 3 weeks out of 6 months).

Why I Sold SBS S61
Why I Sold SBS S61

As we continue to progress after Oct 2020, more and more people are starting to leave their house to work and explore. This can be felt as I personally took the public transport. The crowd was back and it did not slow. I was somewhat excited to see the improvement of revenue in the 2H.

I believed there would be revenue recovery, share price recovery and also a short term opportunistic play.

 

SBS Full 2020 Financial Report

Why I Sold SBS S61 2H Report
Why I Sold SBS S61 2H Report

When the day finally arrived, I was terribly mistaken. Revenue for 1H is $603,225. Full year 2020 revenue is $1,230,947. This means that revenue for 2H is $627,722. Revenue for 1H and 2H is roughly the same. This would mean that even with the circuit breaker, 1H ridership for the first 4 months is roughly equals to the entire ridership for 2H. I cannot imagine how pack the MRT or buses were before the circuit breaker.

Looking at the top line only, it will take sometime for “normality” to happen again. I have underestimated the WFH culture. (I can’t explain the packed MRT/Buses though. Does this mean it used to be worse?).

Why I Sold SBS S61 2020 Dividends
Why I Sold SBS S61 2020 Dividends

SBS is also issuing dividends for shareholders. This will happen if the motion is approved by the Shareholders at the Twenty-Eighth Annual General Meeting of the Company to be held on 29 April 2021 and will be payable on 19 May 2021. I have my questions on the dividends. Currently, SBS is “profitable” after the JSS grant. I felt that the dividend was just a transfer of grant from the government to the shareholders (no matter how low the dividends are).

 

Why I Sold SBS S61

I sold SBS S61 with a slight profit. I entered the position with a short term opportunistic play mindset. However, as it didn’t turn out as per expected, I exited the position.

I’m also not looking for a dividend play counter. At the current level, it is giving around 2% dividend yield which is not attractive.

There is limited growth play to this industry. With new players coming in, the position of SBS might be shaken in future.

“Normality” may happen in 2021 as more and more people start to go back to work. However, I’m not willing to wait for that to happen as I believe there are better investment opportunities out there.

 

Final thoughts by Wealthdojo

I think I learn is that the investment mindset. “Buy on fundamentals, sell on fundamentals”. “Buy on momentum, sell on momentum”. The problem comes when you “Buy on momentum, but then hold on fundamentals” when you start making a lost. I can never further emphases on the investment mindset that one should adopt when approaching the market.

Lastly, it is understood that this should not be taken as a buy/sell recommendation. Please do your own due diligence in your investment.

 

 

Chengkok is a licensed Financial Services Consultant since 2012. He is an Investment and Critical Illness Specialist. Wealthdojo was created in 2019 to educate and debunk “free financial advice” that was given without context.  

Feel Free To Reach Out To Share Your Thoughts.

Contact: 94316449 (Whatsapp) chengkokoh@gmail.com (Email)
Telegram: Wealthdojo [Continuous Learning Channel]
Reviews: About Me

The views and opinions expressed in this publication are those of the author and do not reflect the official policy or position of any other agency, organisation, employer or company. Assumptions made in the analysis are not reflective of the position of any entity other than the author.

What 2020 has taught me

What 2020 has taught me?

As we reach the end of 2020, we should all give a pat on the back to ourselves for getting through it. It’s been a year of change to the way we work, hang out and even the way we live. Even though 2020 is coming to an end, we know that things are not going to be changing much at the strike of 12am on 1 Jan 2021. 2021 will be the year we are all still adjusting to the new normal. 2020 has taught me many things as we all slow down and start to realize what really matters in our life.

Today, I invited a young Singaporean blogger with a 9 to 5 job, Shan to share more on her thoughts about 2020 with regards to wealth management, family, work and everything else. Thank you Shan for your contributions. Happy reading!

What 2020 has taught me
What 2020 has taught me

Family

My family definitely has spend a lot more time together in 2020. With my brother coming back from UK in March 2020 due to the pandemic, we have been spending more time together. Without travelling this year, we have managed to save a little more but have been spending it after circuit breaker as we are out for nicer meals once in awhile.

On the other hand, my mum has been cooking more often with on weekdays. She has also started new hobbies like gardening to help her pass time at home. I realised that just the simple evening talks and walks make me so happy on a daily basis. As my brother will be going back to study overseas in 2021, I definitely will miss the time we spent together since March 2020 when he came back.

 

Work

Work has been a huge learning journey due to the restructure in our roles and also expansion of duties. I am happy to be able to learn more after the restructure but the main thing is that people in the team has been leaving and the workload is getting heavier. This makes the remaining team members having to shoulder the work and it is not easy.

On the other hand, I am glad that my contract got extended, even though I was not offered a permanent, full-time role but a small increment was given so I am grateful for that. 2020 has been a really tough year for fresh graduates, from job searching to entering a role with a lower starting pay, no one wants to have it this way when they graduate. Wealthdojo has an article outlining the 3 Money Beliefs That Will Destroy Your Life with one of it being “If you work harder, you’ll be able to earn more”

💡
“If you work harder, you’ll be able to earn more” is really something to ponder upon, there are many people who are willing to work hard and long but does it guarantee them the equal rewards as the effort they have put in? Not necessary and this is why it is important to look out for trends and to know your strengths to put them to good use at the right areas. Working smart is also very important.

The future of work looks to be very different as digitalization, data and technology looks poised to be the future. Even work in my department seems to be going towards digitalization for technology to do it and once done, no human touch will be needed as it can be done by a robot and data easily tracked. It is as though the future jobs will be taken over by technology as I can see the shift towards that and jobs that will be still be in demand will definitely be those maintaining the technology.

With a shift of jobs being automated, it sets me thinking on whether will I be replaced eventually, judging by the large administrative stuff that I do currently, I can see my job being automated in the near future considering that the pandemic has increased the pace of it. I wasn’t imagining this outlook when I started work as everyone was still thinking about automation but the pandemic has really gotten everyone to hasten the speed of digitalization.

 

Finances and Portfolio

2020 taught me that investing is really volatile but rewarding if you stay invested and invest in companies that you have done sufficient research. No one can predict the markets and this was so evidently shown this year. Many expected 2020 to be a bad year for the markets but if you were investing consistently in 2020, almost all assets are in the green. Particularly US stocks and also cryptocurrencies where Bitcoin recently crossed the US$23,000 mark as more institutions put money into it. 2020 has pushed my portfolio into the the green for the first time as I enter the US market, buying VT, VOO, Tesla and LMND which are all currently in the green. I have managed to save much more and has really made me a few steps closer to my financial goals.

Read more: Ending 2020 with a $30,000 portfolio and dividends collected revealed! | Tesla stock price crashed like soufflé?

Conclusion

2020 has taught me about resilience and that being financially prepared is important to ensure that in times of crisis, you are not going to be struggling and worrying about your expenses. At the same time, it has revealed to me the vulnerabilities of working for others where you can be made redundant due to the economic conditions or because the company is cutting costs. There really is no iron rice bowl and the only way to secure your future is to keep up-skilling and re-skilling. Your skills will determine your employability. Wishing everyone a Merry Christmas and a Happy New Year as we move into Phase 3 and 2021!

More about SingaporeanTalksMoney

She is in her 20s working in a salaried 9 to 5 job like many other Singaporeans. To her, money is a form of freedom as it will allow her to spend more time with her family and also to do things that she likes. As she embarks on her journey towards financial independence, she hopes to document it down and share her journey with everyone particularly for herself as well to reflect on it.

Find out more about her: SingaporeanTalksMoney

 

Final Thoughts By Wealthdojo

I’m a big fan of reflections. One of my favourite quote comes from John C Maxwell.

It is said that a wise person learns from his mistakes. A wiser one learns from other’s mistake. But the wisest person of all learns from other’s success.

I’m on a mission to collect mistakes and success from various gurus and financial bloggers in Singapore. Let’s all learn from each other’s mistakes and successes and be the wisest one of them all.

Chengkok is a licensed Financial Services Consultant since 2012. He is an Investment and Critical Illness Specialist. Wealthdojo was created in 2019 to educate and debunk “free financial advice” that was given without context.  

Feel Free To Reach Out To Share Your Thoughts.

Contact: 94316449 (Whatsapp) chengkokoh@gmail.com (Email)
Telegram: Wealthdojo [Continuous Learning Channel]
Reviews: About Me

The views and opinions expressed in this publication are those of the author and do not reflect the official policy or position of any other agency, organisation, employer or company. Assumptions made in the analysis are not reflective of the position of any entity other than the author.

13 Companies Hiring During COVID-19 That Will Look Good On Your Resume

13 Companies Hiring During COVID-19 That Will Look Good On Your Resume

We Singaporeans worry very much for our wealth. With property prices so high and also the age of your parents catching up on them, you worry that money is not enough. When COVID-19 slammed the brakes on our economy, some of you might have been left stranded. I have friends who are in their early 30s being retrenched and others on the chopping board.

As we look for another job, we get judged that those jobs are “not good enough for us”, “we are unwilling to suffer” or “we are unwilling to be humble”. It feels like we are being spat at by potential employers and older generation that we are unwilling to work hard as compared to the previous generation. According to Today, there are 33,000 vacancies across 10 industries. Why are there still so many vacancies in this pandemic? It is not that you don’t want the job. You know that you are willing to work hard. You know that you need to earn money. Unfortunately, you worry because you wonder where this job can take you in the future. You fear that if you accept this current vacancy, you might be “stuck” in this role forever. This is because your future employer will question on the relevant of your “recent” job experience when they read your resume.

You fear that this will affect your resume and future prospects. You want your role to be of value.

13 Companies Hiring During COVID-19 That Will Look Good On Your Resume
13 Companies Hiring During COVID-19 That Will Look Good On Your Resume

 

That’s right. You can’t be flipping burgers because there is a vacancy. You need a job that can be of value to your resume. That’s why you are here today. I have short-listed 13 companies that are still hiring during COVID-19. I believe these 13 companies will look good on your resume and be an accelerator in your future job prospects. Some of these companies are well known in the industry and have great growth potential in the future. I have ranked them from the most job vacancies to the least.

Enjoy and good luck! (Job numbers updated: 10-Oct-2020)

 

OCBC (301 Jobs)

OCBC has committed to hiring more than 3000 to support jobs creation drive in Singapore. The full-time roles ranges from OCBC Bank ,Bank of Singapore, OCBC Securities Pte Ltd, as well as Great Eastern Holdings. They might be hiring in batches as there are 301 jobs listings on their website now.

13 Companies Hiring During COVID-19 That Will Look Good On Your Resume OCBC
13 Companies Hiring During COVID-19 That Will Look Good On Your Resume OCBC

OCBC Hiring: Click Here

 

DBS (252 Jobs)

DBS has committed to hire more than 2000. DBS’s article was publish in May while OCBC’s article was posted in June. It seems like a cute competition that they are doing now with OCBC.

13 Companies Hiring During COVID-19 That Will Look Good On Your Resume DBS
13 Companies Hiring During COVID-19 That Will Look Good On Your Resume DBS

DBS Hiring: Click Here

 

Amazon (187 Jobs)

The beast of online shopping, cloud computing, digital streaming and artificial intelligence needs people to fuel its’ engine. While shoppe is more common in south-east Asia, amazon is taking the world by storm with it’s cloud computing technology.

13 Companies Hiring During COVID-19 That Will Look Good On Your Resume Amazon
13 Companies Hiring During COVID-19 That Will Look Good On Your Resume Amazon

Amazon Hiring: Click Here

 

Fairprice (125 Jobs)

Our very own local brand. Fairprice is the largest supermarket chain in Singapore. They have 100 supermarkets across the island and over 160 outlets of Cheers convenience stores island-wide. They are hiring a wide variety of talents. Do check them out.

13 Companies Hiring During COVID-19 That Will Look Good On Your Resume Fairprice
13 Companies Hiring During COVID-19 That Will Look Good On Your Resume Fairprice

Fairprice Hiring: Click Here

 

GovTech (103 Jobs)

As we move towards a smart nation, the government will be needing talents to spearhead technology in Singapore. TraceTogether is one example. Personally, GovTech is the “iron rice bowl for the future. We also have the cyberspace masterplan that has been announced by DPM Heng.

13 Companies Hiring During COVID-19 That Will Look Good On Your Resume GovTech

GovTech Hiring: Click Here

 

Tiktok (97 Jobs)

Tiktok just came to our shores. The US-China tension has created some opportunities for Singapore. Bytedance (the parent company of tiktok) has decided to make Singapore the benchhead for Asia. I forsee that they will be hiring loads more people in the years ahead.

13 Companies Hiring During COVID-19 That Will Look Good On Your Resume Tiktok
13 Companies Hiring During COVID-19 That Will Look Good On Your Resume Tiktok

Tiktok Hiring: Click Here

 

Lazada (88 Jobs)

If you are like most Singaporeans, you probably have ordered something from Lazada during the circuit breaker period. Alibaba (the parent company of Lazada) is trying to get market share for ecommerce in South-East Area. I forsee Lazada hiring more and more because we are still scratching the surface of the e-commerce treand.

13 Companies Hiring During COVID-19 That Will Look Good On Your Resume Lazada
13 Companies Hiring During COVID-19 That Will Look Good On Your Resume Lazada

Lazada Hiring: Click Here

 

Tencent (84 Jobs)

This company owns Wechat which is the largest text messaging platform in China. Wechat is not only about text messaging, it is like grab, yelp, paypal, maps, airbnb, facebook, linkedin, twitter, line, messenger, skype, etsy etc combined. Let’s not even begin with how powerful this app can be. With so much going on, I can’t imagine how many manpower they will need.

13 Companies Hiring During COVID-19 That Will Look Good On Your Resume Tencent
13 Companies Hiring During COVID-19 That Will Look Good On Your Resume Tencent

Tencent Hiring: Click Here

 

SEA (80 Jobs)

This company that is Singapore based is the darling stock for 2020. They are the parent company for shopee and have been taking the stock market by storm due to their growth potential in the real market. They have committed 500 Jobs For Singaporeans.

13 Companies Hiring During COVID-19 That Will Look Good On Your Resume SEA
13 Companies Hiring During COVID-19 That Will Look Good On Your Resume SEA

SEA Hiring: Click Here

 

AIA (65 + 500 Jobs)

AIA has been in around for a century and still going strong. They have committed 500 jobs for Singaporeans as reported by CNA. This insurance company needs no introduction as they have been protecting the lives of Singaporeans for more than 100 years. Not one to be borne by legacies, AIA has strived from strength to strength by adopting many digital solutions to prepare them for the next era.

Current 65 jobs are for corporate positions. 500 are for the financial services.

13 Companies Hiring During COVID-19 That Will Look Good On Your Resume AIA
13 Companies Hiring During COVID-19 That Will Look Good On Your Resume AIA

AIA Corporate: Click Here

If you wish to consider being in financial services, click here.

 

Rakuten (50 Jobs)

Rakuten is a Japanese electronic commerce and online retailing company based in Tokyo. It is also trying to enter into the South East market. The strongest appeal for Rakuten (in my opinion) is the cashback feature. I like their mission which is to contribute to society by creating value through innovation and entrepreneurship. If that resonates with you, 50 slots left.

13 Companies Hiring During COVID-19 That Will Look Good On Your Resume Rakuten
13 Companies Hiring During COVID-19 That Will Look Good On Your Resume Rakuten

Rakuten Hiring: https://www.linkedin.com/jobs/rakuten-jobs/?originalSubdomain=sg

 

Razer (33 Jobs)

This company is another of Singapore’s pride. Razer Inc. is a Singaporean–American multinational technology company that designs, develops, and sells consumer electronics, financial services, and gaming hardware. They started with selling high-end computer gaming mouse.

13 Companies Hiring During COVID-19 That Will Look Good On Your Resume Razer
13 Companies Hiring During COVID-19 That Will Look Good On Your Resume Razer

Raser Hiring: Click Here

 

Tesla (10 Jobs)

As Singapore progress into a cleaner city, we might see electronic vehicles on our shores really soon. Tesla has already hinted they are coming to Singapore. As one of the most speculative companies in the world, I can imagine they will need manpower to power Elon’s dreams and mission.

13 Companies Hiring During COVID-19 That Will Look Good On Your Resume Tesla
13 Companies Hiring During COVID-19 That Will Look Good On Your Resume Tesla

Tesla Hiring: Click Here or Here

 

Final Thoughts By Wealthdojo

I hope this compilation can help you to boost your resume. Some of these companies are positioned to be the heavyweights of the next generation and be sure to position yourself with them. If you are looking for an alternative career type, please look forward to our next article.

Chengkok is a licensed Financial Services Consultant since 2012. He is an Investment and Critical Illness Specialist. Wealthdojo was created in 2019 to educate and debunk “free financial advice” that was given without context.  

Feel Free To Reach Out To Share Your Thoughts.

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The views and opinions expressed in this publication are those of the author and do not reflect the official policy or position of any other agency, organisation, employer or company. Assumptions made in the analysis are not reflective of the position of any entity other than the author.