Wal-Mart staff turnover down after hike in minimum wage
Reuters - 5 Jun 2015 Wal-Mart Stores (WMT.N) has been losing fewer workers to turnover since it raised its minimum wage in April, the retailer's chief executive said on Friday, the first time it has reported a benefit of the new higher wages. Wal-Mart increased its minimum pay to $9 an hour for its U.S. staff in April, providing...
ST reader: 7-year-olds have safely climbed Mt Kinabalu
Mt Kinabalu in Sabah (4,095 m or 13,435 ft high) While I am saddened by the deaths of pupils in the Sabah earthquake, there shouldn't be a moratorium on overseas trips for students ("Rethink rationale for overseas school trips" by Mr Ramesh Niedu; yesterday). First, this incident was a freak accident that nobody could have anticipated. Sabah...
Malaysia’s Ringgit Sinks to 9-Year Low vs USD
(8 Jun) - A selloff in some emerging-market currencies took another leg down on Monday, fueled by the prospect of higher interest rates in the U.S. Malaysia’s currency, the ringgit, plunged to a nine-year low against the dollar before reversing course later in the day. Exacerbating weakness in the ringgit is heightened scrutiny...
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