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High inflation chips away decade-high growth in salaries in 2022, with real wages growing just 0.4%
MOM said the nominal wage increase reflected the efforts by firms to restore wages of those whose pay was cut during the pandemic, as well as to give higher increments to other employees to retain them amid competition for workers.
Trust Bank hits over S$1 billion in deposits; expects to break even by 2025
MORE than 70 per cent of Trust’s customers have come through referrals. Its customers clock in 15 credit card transactions per month.
SIA, Garuda to deepen commercial partnership through proposed JV
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THE proposed JV will cover routes between Singapore and Denpasar, Jakarta and Surabaya, subject to regulatory approvals, SIA and Garuda said in a joint statement.
New uncompleted private homes may be better buys than resale units amid high interest rates
THERE may be clear advantages to buying a new home that is sold off-plan over a resale unit, even though the price per square foot (psf) of a resale unit is generally much lower.
President Halimah Yacob not standing for re-election
“IT has been a great honour and privilege to serve as the eighth President of Singapore for the past six years,” she said. “The experience has been most inspiring and, at the same time, humbling.”
The STI today
Singapore shares kick off week on dour note, STI down 0.4%
THE benchmark Straits Times Index fell 0.4 per cent or 12.17 points to close on Monday (May 29) at 3,195.22.
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