Business

Change in Singapore Airlines’ non-executive Chairman in 2017

Singapore Airlines (SIA) has announced on Friday (11 November) that Peter Seah Lim Huat will succeed Stephen Lee Ching Yen as its non-executive Chairman. SIA wrote that Mr Seah, currently Deputy Chairman, will take over from Mr Lee as Chairman on 1 January 2017. Mr Lee will retire from the SIA Board on the same day. He will continue as …

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Why is the Trans-Pacific partnership important to PM Lee?

By SingSaver.com.sg Prime Minister Lee Hsien Loong stressed the importance of the Trans-Pacific Partnership during his recent US visit. But what is it, and why does it matter? If you’ve been following the news, you may have heard Prime Minister Lee Hsien Loong emphasise the importance of something called the Trans-Pacific Partnership (TPP), during his visit to the United States. Also …

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POSB customers to earn up to S$130 with innovative ‘Bank and Earn’ program

POSB, the first bank in Singapore to reward customers with monthly cashback for regular banking transactions For those who have not heard about the ‘POSB Cashback Bonus’, POSB customers will need only to fulfil three or more types of regular banking transactions to earn up to SGD 130 per month via salary crediting, credit card spending, home loan instalments, insurance …

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Tigerair to come under Scoot from 2017

Budget Aviation Holdings (BAH), which managed national low-cost carrier, Tigerair and Scoot’s, said on Friday (4 November) that Tigerair will come under the later brand starting from next year. It also said that both companies will also adopt a single operating licence. The company said that the integration is expected to be realised between mid and end 2017, taking into account …

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Aladdinstreet.com.sg aims to create market trends in E-commerce with Halal & premium products/services

Aladdinstreet.com.sg, the latest e-commerce startup touts itself to be world’s first premium quality products and halal e-Marketplace to feature only premium quality and halal products that cater to both the B2B and B2C communities According to the new startup, it has signed up close to 60 merchants as part of its plans to leverage on the burgeoning halal market in the region …

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Fourth Smart Work Centre to be available at Tampines in 2017

The Ministry of Communication and Information, Yaacob Ibrahim, announced that a fourth Smart Work Centre (or SWCs), equipped with video-conferencing facilities, meeting rooms, photocopiers, and Wi-Fi will be opened at the revamped library at Tampines next year as part of  the Tripartite Committee for Work-Life Strategy (or TriCom) to better balance the work-life commitments. Currently, the previous SWCs are located at Toa …

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Most Singapore companies promote staff without giving pay rise

A recent survey said that taking on more responsibilities for the same pay is more common in Singapore than people might think, according to a news written by Today. Specialised recruitment company Robert Half held an independent research which showed that 
only 17 per cent of Singaporean companies always provide a pay rise with a promotion. The report said that …

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Five money lessons Singaporeans can learn from Mustafa Center

By SingSaver.com.sg While entrepreneurs can learn from Mustafa Centre’s success, the average Singaporean can draw money lessons from it too. Mustafa Centre is Singapore’s biggest 24 hour retail mall. It’s also one of the biggest unofficial tourist attractions in the country, bringing in everyone from budget travellers to high-end hotel dwellers. But while many have pondered the business lessons of Mustafa …

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Merchant bank status of Falcon Private Bank withdrawn for serious failures in anti-money laundering controls

The Monetary Authority of Singapore (MAS) announced today that it is withdrawing the merchant bank status of Falcon Private Bank Ltd, Singapore Branch (Falcon Bank) for serious failures in anti-money laundering (AML) controls and improper conduct by senior management at the Head Office in Switzerland as well as the Singapore Branch. This is the second Swiss bank that MAS has …

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