3,230 workers were retrenched in the first quarter of 2019, compared with 2,510 in the last quarter of 2018. That's a big spike. There's also been a spate of high-profile retrenchments that just won't fade from our memory, including the SPH retrenchment exercise in 2018 that saw their headcount reduced by about 10 per cent. Then there was the StarHub retrenchment exercise during the same period which saw about 300 full-time employees losing their jobs. Just a few days ago, Deutsche Bank announced that they're going to undertake a huge retrenchment exercise affecting their offices in Asia, so the Singapore office is holding its breath. Singapore tends to be overwhelmingly pro-business, which translates to weak employee rights. There are actually some rules pertaining to retrenchment as set out by MOM, but how much protection do they really offer? Well, guess what, employers are actually obliged to pay retrenchment benefits to employees who have served the company for at least two years. … [Read more...] about What are the MOM retrenchment benefits in Singapore?
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Ride-hailing is a very lucrative business in Singapore. And although there've been many players who've tried to join the fray, few of them ever had a chance against Grab and ComfortDelGro. Could GoJek - the newest contender - be the one to break up the duopoly? The Indonesia-based operator has been in Singapore for about half a year, and now has a sizeable fleet of drivers and users. Personally I'm thrilled - after all, the stiffer the competition, the better the discounts, right? Let's compare the 3 ride-hailing services and take a closer look at their pricing models and other features. Many factors can influence your ride prices - what time it is, how far away your destination is, how many drivers/riders are nearby, and even whether or not it's raining. For this price comparison, I'm using an example journey from the MoneySmart office in Commonwealth to Orchard ION at around 4pm (off-peak) on a Friday. Ride-hailing service Price for a ride from Commonwealth to Orchard ION (7.1km) … [Read more...] about GoJek vs Grab vs Comfort Taxis in Singapore
If their commanding officers had told them to stop the "kolam" or ragging ritual that involved Corporal Kok Yuen Chin getting into the 12m-deep pump well, the group of servicemen would have listened. This was the testimony of fellow Singapore Civil Defence Force (SCDF) officer Muhammad Nur Fatwa Mahmood, 34, yesterday. During the May 13 incident last year, Cpl Kok, 22, was pushed into the fire station's pump well as part of activities to mark the completion of his national service and drowned. Nur Fatwa was testifying on the second day of the trial in which the officers in charge of Tuas View Fire Station on the night Cpl Kok drowned are contesting charges. The two on trial - Kenneth Chong Chee Boon, 38, a lieutenant, and Nazhan Mohamed Nazi, 40, a first senior warrant officer - were Rota commander and deputy Rota commander, respectively, that night. The commanders were each charged in July last year with aiding a rash act that caused grievous hurt by illegal omission. They had … [Read more...] about Officer in ragging death says they were not told to stop ritual
Deslyn Ng (left), 27, has plans to visit South America in 2021, while Helen Mottus (right), 27, used her six weeks’ leave to travel to Estonia and Morocco. Transferwise For most people, taking over a month’s leave from work is extremely tricky. But for employees of online international money transfer service TransferWise, six weeks of paid time off is practically guaranteed, thanks to a new rewards programme the company refers to as a “sabbatical”. This is on top of the 21 days’ leave its Singaporean employees get annually, and a three-day bonding trip held every year in Estonia, fully paid for by the company. In addition to the extended leave, staff even get a £1,000 (S$1,800) cash gift. There’s just one catch: employees must work for the company for at least four years to qualify for the reward. Read also: London’s $1 Billion Finance Startup TransferWise Is Just Like An Ancient Islamic Money Transfer System … [Read more...] about This company in Singapore is giving staff 1.5 months’ leave and S$1,800 cash – there’s just one catch to nabbing that sweet deal
Corruption Eradication Commission (KPK) investigators were raiding the office of Trade Minister Enggartiasto "Enggar" Lukita on Monday in connection to a case of alleged bribery pertaining to shipping arrangements involving the country’s largest fertilizer company, PT Pupuk Indonesia Holding Company (PIHC). “We are raiding the minister’s office as we need to follow up on and verify several pieces of information we obtained during the investigation of the suspect BSP,” KPK spokesperson Febri Diansyah said on Monday, referring to Golkar Party lawmaker Bowo Sidik Pangarso. "Investigators have seized several documents related to the sugar trade,” he said, adding that the raid was still ongoing as of Monday afternoon. Bowo allegedly accepted a total of Rp 8 billion (US$563,300) from several people, including private transportation company PT Humpuss Transportasi Kimia marketing manager Asty Winasty, a company that provides sea transportation for PT Pupuk … [Read more...] about KPK raid trade minister’s office in bribery investigation