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Singaporeans hold 43% of senior roles in financial sector: MAS

IN retail banks’ local functions, Singapore citizens account for seven in 10 of senior management roles, according to the Monetary Authority of Singapore’s (MAS) estimates.

Markets

LATAM Airlines reports a loss of US$890 millon in second quarter

LATAM Airlines, South America's largest carrier, on Tuesday reported a net loss of US$890 million for the second quarter, hit by the coronavirus pandemic that drove the company into a Chapter 11 bankruptcy filing in May.

Markets

Asian stocks tick up after Wall Street cracks more records

Asian equities were mostly firmer on Wednesday after a strong Wall Street session in which the S&P 500 hit an all-time high, rebounding from huge losses caused by the coronavirus pandemic.

Markets

Canada’s Trudeau taps ally Freeland as finance minister, promises bold recovery plan

Canadian Prime Minister Justin Trudeau appointed his close ally and deputy Chrystia Freeland as finance minister on Tuesday (Aug 18) and promised "bold new solutions" to help Canada recover from the pandemic.

Markets

Oracle joins bid for TikTok’s US operations, sources say

Oracle Corp has joined some of the investors of TikTok's Chinese owner, ByteDance, in pursuing a bid for the popular short-video app's operations in North America, Australia and New Zealand, according to people familiar with the matter.

Markets

US Senate committee concludes Russia used Manafort, WikiLeaks to boost Trump in 2016

Russia used Republican political operative Paul Manafort and the WikiLeaks website to try to help now-U.S. President Donald Trump win the 2016 election, a Republican-led Senate committee said in its final review of the matter on Tuesday.

Markets

China, US will allow air carriers to double flights between nations

China and the United States will each allow air carriers to double current flights to eight per week between the world's two largest economies, the U.S. Transportation Department said on Tuesday.

Markets

Commentary: Singapore’s steady seven-month plan to get the economy back on track

The S$8 billion package announced by DPM Heng Swee Keat is not only intended to tide businesses and workers over the next little while but also intends to position all for future growth, says NUS Business School’s Sumit Agarwal.

Markets

Commentary: Extending Jobs Support may only delay the inevitable – retrenchments

The Jobs Support Scheme, initially announced in the Unity Budget in February, has helped retain staff to the extent possible, but retrenchments are still increasing as COVID-19 runs its course, says dispute resolution and employment lawyer Amarjit Kaur.

Markets

Five tips for job seekers – from learning new skills to taking a contract position

SINGAPORE: With COVID-19 battering the economy, Singapore's jobless rate in the second quarter jumped to 2.9 per cent and retrenchments more than doubled. Companies have been announcing layoffs - from Resorts World Sentosa cutting 2,000 positions to Rolls-Royce retrenching 240 people ...

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