Daily Archives: 2018-07-06

DBS announces $500 gift to each of its 26,000 employees, in conjunction with its 50th anniversary

DBS 50th anniversary gifts so far include bumper dividends to shareholders and special customer promotions, with more to come  SINGAPORE, 6 July 2018 – In conjunction with its 50th anniversary, DBS has thanked its shareholders and customers with a bumper dividend and special promotions, and ramped up support for communities across the region. Today, the bank expressed its gratitude to a group of people who …

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New cooling measures: The show has just begun

by Property Soul What a roller-coaster week for Singapore’s real estate market. It is a surprisingly well-coordinated good show put up by the Singapore government, complemented by the parts played by different stakeholders in the industry, with an unexpected ending of the cooling measures announcement. The show leading to the announcement Day 1: URA Q2 Estimate and PropNex IPO The …

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The fight for democracy in Asia is alive and well

by Chee Soon Juan This opinion piece is part of the Silver Lining Series written by members of the Council of Asian Liberals and Democrats (CALD), an organization of liberal and democratic parties in Asia, to celebrate its 25th Anniversary this 2018. For decades, Asian values, under the guise of Confucianism, have been used by the region’s autocrats to ward …

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Maintenance company owner loses lawsuit against debt collection agency; ordered to pay $7000 in costs

A 45-year-old maintenance company owner was ordered to pay $7000, excluding disbursements, at the Magistrates’ Court under the State Courts after the court dismissed the lawsuit filed for defamation in slander against JMS Rogers, a debt collection company earlier on 30 April. Lin Mingwei, the sole director and shareholder of Supersonic Maintenance Services Pte Ltd, alleged that the defendant’s employees …

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Issues regarding Work Permit holders’ salary reduction by employers will be tabled in next Parliamentary sitting, says PAP MP

In response to a letter that was allegedly addressed by the Ministry of Manpower (MOM) to a Work Permit (WP) holder regarding the worker’s salary reduction by his employer, Member of Parliament (MP) for Nee Soon Group Representation Constituency (GRC), Louis Ng has announced to the public via his official Facebook page that he intends to address several points regarding the issue in …

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Uber and Grab may face unwinding of merger and financial penalties, warns consumer watchdog

The Competition and Consumer Commission of Singapore (CCCS) is pushing for the unwinding of the merger between Grab and Uber here, after a three-month review. The Uber-Grab merger will potentially become the first merger to be ordered to unwind in Singapore, according to TODAY Online. Concerns over Grab’s anti-competition practices and monopoly of the ride-hailing market in Singapore were raised …

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