SATS wards off competition by hiring competitor’s staff
It was reported in the media yesterday (31 Oct) that the Singapore Airport Terminal Services Limited (SATS) dealt a blow to its competitor, Aircraft Service International Group (ASIG), by hiring away ASIG staff. Earlier, ASIG was able to convince Jetstar Asia to use its ground handling services, moving away from using SATS'. As...
New home loans fall while non-performing loans rise
According to a media report yesterday (31 Oct), banks in Singapore are feeling the pressure from the slowing property market as bad debts increase and new home loans fall. In a briefing on the 3rd quarter financial results of OCBC on Thursday (30 Oct), Chief Executive Samuel Tsien revealed that the number of new mortgages issued...
Unemployment low despite huge rise in number of FTs?
Unemployment in Singapore remained “low and steady” in the third quarter, despite an increase in layoffs due to business restructuring, the Ministry of Manpower said yesterday (31 Oct). Preliminary estimates show that the overall seasonally adjusted unemployment rate held steady over the quarter in September 2014 (1.9%),...
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