september 2020

UOB to offer pay increases and promotions for up to 98% of group’s total headcount amid sustained economic recovery in 2021 - THE EDGE SINGAPORE

Banking & finance

UOB to offer pay increases and promotions for up to 98% of group’s total headcount amid sustained economic recovery in 2021

UOB will launch a round of pay increases and promotions for all eligible employees across the whole group in June, it announced on the morning of March 9.

Hosen triggers SGX query again after share prices closed 55.7% up - THE EDGE SINGAPORE

SGX query

Hosen triggers SGX query again after share prices closed 55.7% up

Shares in Hosen closed 3.9 cents higher or 55.7% up at 10.9 cents on Jan 25, triggering a query from Singapore Exchange Regulation (SGX RegCo) at 5.02pm.

Resident employment levels in 3Q2020 now back to near pre-Covid-19 levels: MOM - THE EDGE SINGAPORE

Labour market

Resident employment levels in 3Q2020 now back to near pre-Covid-19 levels: MOM

Resident employment levels in September 2020 (at 2.34 million) have returned to near pre-Covid-19 levels, announced the Ministry of Manpower (MOM) in its Labour Market Report for 3Q2020 on Dec 17.

LMIRT elects not to pay distributions on the $120 mil 6.6% perpetual securities - THE EDGE SINGAPORE

REITs

LMIRT elects not to pay distributions on the $120 mil 6.6% perpetual securities

The manager of LMIRT says it has opted not to pay distributions on the $120 million 6.6% perpetual securities issued by Perpetual Asia, LMIRT’s trustee.

SGX total securities market value climbs 23% y-o-y to $24.3 bil in September - THE EDGE SINGAPORE

Markets

SGX total securities market value climbs 23% y-o-y to $24.3 bil in September

The Singapore Exchange (SGX) reported on Oct 12 that the total securities market turnover value for September came in at $24.3 billion over 22 trading days.

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