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Employers retain right to assess flexible work arrangement requests: Gan Siow Huang
EMPLOYERS should retain and promote flexible work arrangements (FWAs), but they retain the right to decide on such arrangements based on operational needs, said Minister of State for Manpower Gan Siow Huang in Parliament on Monday (May 9).
Shanghai port lockdowns not expected to hit Singapore’s supply of essential items: Low Yen Ling
SHANGHAI’S Covid-19 port lockdowns are not expected to significantly impact Singapore’s supplies of essential food and healthcare items, while manufacturers here are also coping with delayed supplies so far, said Minister of State for Trade and Industry Low Yen Ling in Parliament on Monday (May 9).
Stronger Singapore dollar not expected to hit exports significantly: Alvin Tan
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THE strengthening of the Singapore dollar is not expected to have a significant negative impact on Singapore’s exports, said Minister of State for Trade and Industry Alvin Tan in Parliament on Monday (May 9).
Singapore slaps 35% ABSD on residential property transfers into living trust, closing loophole
AN ADDITIONAL Buyer’s Stamp Duty (ABSD) of 35 per cent will be imposed on any transfer of residential property into a living trust, where the transfer occurs from May 9, the Ministry of Finance announced late on Sunday night (May 8).
Only 16% of Asia-Pacific’s top 50 listcos link ESG performance to pay for top executives: study
A STUDY of the sustainability reports of the top 50 listed companies by market capitalisation issued in 2020 and 2021 across 13 Asia-Pacific economies has found that not even a fifth of the companies link ESG performance to how they pay their top executives.
Carousell to acquire second-hand fashion retailer Refash for undisclosed sum
ONLINE marketplace Carousell has inked a deal to buy Refash, a Singapore e-commerce platform and store operator for second-hand clothes, the companies announced on Monday (May 9). The deal value is undisclosed.
The STI today
Singapore stocks fall as China concerns rattle Asia; STI down 0.5%
THE Straits Times Index (STI) retreated 0.5 per cent or 16.82 points to close at 3,275.07 points on Monday (May 9).
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