Maybank Singapore gave out up to S$1,250 to junior employees

The one-time payment was given out in February.

Maybank Singapore has given out a one-time payment of up to S$1,250 each to 141 junior employees.

In a press release, the bank announced that it has allotted S$169,500 to help the affected employees– Class II and below– cope with rising costs of living.

The payments were given out in February.

ALSO READ: Maybank’s full year net profits up 17.5% to $1.96b

Maybank Singapore Country CEO Alvin Lee says that the payout is a small way for the bank to show its appreciation to the work contributions of their employees.

Lee also expressed hopes that the payout will help defray rising living costs.

“We are committed to support our employees and to ensure that they receive fair and competitive wages in line with industry benchmarks, in addition to a comprehensive range of benefits such as upskilling through training programmes and competitive medical benefits,” Lee said in a press release.

A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia