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Daily Debrief: What Happened Today
New "comply or explain" rules on sustainability reporting are in store for Singapore-listed firms.
Employers are encouraged to grant leave benefits to term contract employees with a long-term working relationship and give sufficient notice to employees (and vice versa) before the term contract's expiry date, said the Ministry of Manpower, National Trades Union Congress and Singapore National Employers Federation on Monday, with the release of their jointly developed Tripartite Guidelines on the Employment of Term Contract Employees.
DBS expects its financial institutions group to double in revenue to S$1 billion over the next three to five years, on the back of an expected surge in assets under management in Asia, a senior executive said on Monday.
The Ascott has secured seven new properties comprising 1,714 units across seven cities in Asia, said CapitaLand on Monday, adding that its wholly owned serviced residence business unit is poised to outpace its growth in 2015.
The British government has relaunched two freehold Good Class Bungalow plots on Nassim Road for sale by public tender.
The STI Today
Singapore stocks finished 1.4 per cent higher on Monday, with the Straits Times Index rising 37.45 points to 2,800.87.