Changes to Employment Act to better protect workers
Last week, the Ministry of Manpower (MOM) announced changes to the Employment Act which will ensure better protection for more workers - including Professionals, Managers and Executives (PMEs). Acting Manpower Minister Tan Chuan-Jin revealed these changes in Parliament during the ministry's Budget debate on 14 March 2013. The...
Interest rate for CPF accounts remains at 4%, hardly covering inflation
According to CPF Board’s press release today (18 Mar) [Link], CPF members will be paid the floor interest rate of 4% again on Special and Medisave Accounts (SMA) for the 2nd quarter of 2013 (1 Apr - 30 Jun). Savings in the SMA currently earn either 4% or the 12-month average yield of 10-year Singapore Government Securities...
PRC bus drivers play collective truant after SMRT strike
Private bus operators have revealed that their PRC drivers are playing truant, giving the operators headaches in recent months after about 200 SMRT PRC bus drivers went on strike four months ago over poor salary and dormitory conditions ('Breaking: 200 SMRT PRC bus drivers go on strike!'). This is according to a TNP report today...
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