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Archive for the ‘Business’ Category
Number of retrenched workers hit 7 year high

Number of retrenched workers hit 7 year high

According to figures released by the MOM today (13 Dec), the number of retrenched workers hit a 7-year high in 2016. This figure is the highest since the 2009 Global Financial Crisis. In the first 9 months of this year, there were 13,730 workers who were laid off. This marks a 35% increase over the 10,220 number during the same... 

Hardworking local staff terminated from bank while foreign colleagues still stay on

Hardworking local staff terminated from bank while foreign colleagues still stay on

I work in a local bank as a IT contract staff through an agent which also have many Filipino and Indian IT staff. After my contract completed, my employer extended my contract for another one year and gave me a small increment. Throughout this contract, there will be some bullying tactics like sabotage from the foreign staff... 

$45.5 million worth of assets frozen in crackdown on illegal online betting syndicate

$45.5 million worth of assets frozen in crackdown on illegal online betting syndicate

The police said in a press release yesterday (Nov 28) that 4 men and 9 women have been arrested as part of a crackdown under the newly enacted Organised Crime Act. These suspects – who are aged between 24 and 69 – are suspected of offering lottery and horse betting services through various illegal gambling websites. Through... 



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