SINGAPORE - Singapore Press Holdings board members will take a voluntary 10 per cent reduction in directors' fees, and the salary of those in senior management will be cut.
SPH chief executive officer Ng Yat Chung will take a pay cut of 10 per cent; senior management staff will have their salaries cut by 5 per cent. The cuts start next month and will be reviewed at the end of the year. SPH Reit also said on Thursday that it will fully pass on the property tax rebate to its tenants"in a targeted manner". This comes after Deputy Prime Minister Heng Swee Keat announced that qualifying commercial properties will pay no property tax in 2020, and businesses in other non-residential properties will get a rebate of 30 per cent.
SPH Reit manager's board of directors will be taking a 10 per cent cut of directors' fees. Chief executive officer of SPH Reit Susan Leng will also take a pay cut of 10 per cent; other senior staff will take pay cuts of 5 per cent. The cuts will be effective from next month and be reviewed at the end of the year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks to watch: SIA, Manulife Reit, Prudential, UOB, OCBC, Olam, Cromwell E-ReitTHE following companies saw new developments that may affect trading of their securities on Wednesday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Cromwell E-Reit sells 12 assets, buys 3 in EuropeTHE manager of Cromwell European Real Estate Investment Trust (Cromwell E-Reit) has sold 12 light industrial/logistics assets as well as acquired three others in Europe. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
MOM reminds employers not to let safety slip at the workplace amid Covid-19 outbreakSINGAPORE - Employers should not ignore workers' safety even as they adjust work arrangements amid the evolving Covid-19 situation, Minister of State for National Development Zaqy Mohamad has said.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Businesses push for fair tenancy law as grouses against landlords resurface amid Covid-19 outbreakSINGAPORE — Five years ago, a committee under the Singapore Business Federation (SBF) came up with guidelines that were aimed at putting a stop to unfair leasing practices, in a bid to create a more balanced playing field between landlords and tenants.
Source: TODAYonline - 🏆 1. / 99 Read more »
Singapore's factory activity plunges 22.3% in February from previous month amid COVID-19 outbreakSINGAPORE: Factory activity in Singapore plunged more than 20 per cent in February from the previous month amid a deepening global coronavirus ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore's factory activity plunges 22.3% in February from previous month amid Covid-19 outbreakSINGAPORE — Factory activity in Singapore plunged more than 20 per cent in February from the previous month amid a deepening global coronavirus outbreak, adding to a grim economic outlook for the trade-reliant hub.
Source: TODAYonline - 🏆 1. / 99 Read more »