SINGTEL has been fined a total of $130,000 for selling an unapproved wholesale discounted broadband service and for offering the discount to only one Internet service provider (ISP). ISPs buy wholesale services and then retail them to home and business users. The Infocomm Development Authority of Singapore (IDA) said on its website it had decided …
SINGAPORE—The Singapore government unveiled more measures to stabilize prices in the city-state’s housing market, which it says could rise beyond “sustainable levels.” The moves come less than five months after an earlier set of measures aimed at curbing speculative activity in Singapore’s property market and at a time when Asian economies face mounting inflationary pressures …
Workers should be allowed to draw down their Central Provident Fund (CPF) savings at the age of 60. That was the stand of the Workers’ Party (WP) who said that the CPF drawdown age should not also be linked to the retirement age. On Tuesday, the two MPs from the WP, Mr Low Thia Khiang …
Singapore – In light of new financial regulations, banks have plans to raise fixed pay for staff, a trend which Standard Chartered Bank Asia’s chief executive, Jaspal Bindra describes as “worrying”. In December, the European Union (EU) approved regulations that restrict how much senior bankers can receive in bonuses, in an effort to curb excessive …
SINGAPORE: The starting pay for fresh polytechnic graduates rose 5.3 per cent last year, to an average gross monthly salary of S$1,871. Post-National Service (NS) diploma holders earned an average gross monthly salary of S$2,183, an increase of about 2.5 per cent from 2009. During the economic downturn in 2009, post-NS diploma holders’ gross average …