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ComfortDelGro's management to take pay cuts

ComfortDelGro's management to take pay cuts

Directors of the group’s listed companies to have 20% cut on fees.ComfortDelGro Group's board and senior management will take a voluntary cut in directors' fees and pay respectively amidst the COVID-19 outbreak.Directors of the group’s listed companies—ComfortDelGro, SBS Transit and Vicom’s—will have their directors' fees cut by 20% until the end of the year.Also read. https://sbr.com.sg/transport-logistics/news/comfortdelgro-waives-taxi-rents-monthManaging director and group chief executive Yang Ban Seng will take a 15% cut, whilst those ranked vice-president and above will have their salary slash by 10%.The cuts will be effective from April 2020 and will be reviewed at the end of June.

DBS to start closing branches until 4 May

Its Treasures and Treasures Private Client centres will also shut down.

CapitaLand unit reopens Wuhan malls

Its portfolio’s footfall has rebounded from the previous month’s low.

Will co-living survive in Singapore's fast-changing rental market?

Despite the hype on 'flexible living', landlords still prefer the traditional model.

Chart of the Day: New homes grew pricier vs. resales in the CCR

The collective sales fever caused an elevation in land costs.

Daily Markets Briefing: STI up 3.4%

OCBC Bank led the gains amongst top active stocks with a 3.94% jump.

Changi Airport Terminal 2 suspends operations for 18 months

Airlines will be relocated to the remaining terminals.

Insurance services to remain open

The government has raised distancing measures against COVID-19.

MAS names new assistant managing director

Celine Sia will hold the position for economics and knowledge management.

ComfortDelGro waives taxi rents for a month

Total relief package for drivers could amount to $99m.

Port of Singapore remains open amidst stricter measures

Essential maritime activities are exempted from the suspension.

Maybank Singapore temporarily shutters 8 branches

ATMs and cheque-deposit facilities will remain open.

Singapore has enough telco capacity: IMDA

Demand surges as people begin working from home amidst the lockdown. Singapore has sufficient telecommunications capacity to cope with the increase in demand, according to the Infocomm Media Development Authority (IMDA). Nine in 10 Singapore households have fibre networks in their homes, and IMDA assured that the city-state’s fixed and mobile networks will have the bandwidth to cope with the demand, as network traffic has seen quite a surge since the start of the COVID-19 crisis The surge in demand for home fibre broadband or mobile network services comes as most people start to work from home. Schools and higher learning institutes have shifted to home-based learning, whilst preschools and student-care centres remain closed.  

Genting Singapore's RWS suspends non-essential services till 4 May

This followed directives for most businesses to cease operations.

Enterprise Singapore to assist F&B sector with delivery orders

F&B outlets will no longer be allowed to provide dine-in services.

Local firms' payment performance nosedives to three-year low in Q1

Delayed payments made up 45.8% of all transactions during the quarter.