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COVID-19: MOM Singapore Suspended Employers for Breaking Rules

The Ministry of Manpower (MOM) has revoked the work passes of two workers and suspended their employers’ work pass privileges for breaching entry approval requirements after they recently travelled to China. In a statement yesterday, February 13, 2020, MOM said the employers have been ordered to repatriate the workers within 24 hours and the two […]

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February 14, 202010:32 am
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Stocks in Asia Mixed Amid Coronavirus Outbreak: Softbank Surges More Than 10%

Stocks in Asia traded mixed on Wednesday morning, February 12, 2020, as concerns over the ongoing coronavirus outbreak continued to weigh upon investor sentiment. In Japan, the Nikkei 225 gained 0.49% while the Topix index shed earlier gains to decline 0.23%. Shares on Japanese conglomerate Softbank Group jumped 10.47% after earlier skyrocketing more than 12% after a judge stateside […]

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February 12, 20209:50 am
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Coronavirus: Singapore and Malaysia Work Together to Curb The Outbreak

Singapore and Malaysia will set up a joint working group to strengthen cooperation in tackling the spread of the coronavirus. The authorities from both countries announced the working group yesterday after a video conference meeting between Singapore Health Minister Gan Kim Yong and his Malaysian counterpart, Dr Dzulkefly Ahmad. The ministers had agreed that it […]

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February 12, 20209:26 am
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BlackBerry Secures the Modern Workforce with New Digital Workplace

SINGAPORE – February 11, 2020 – BlackBerry Limited today announced BlackBerry® Digital Workplace, a secure robust workspace that provides users simple and secure online and offline access to corporate on-premise or cloud content including Microsoft® Office 365® resources.   Remote anywhere, anytime access to company resources and data is what empowers a modern, mobile workforce. Using […]

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February 11, 20203:36 pm
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Employees in China are Returning to Work

Workers began trickling back to offices and factories around China on Monday, February 10, 2020, as the government eased some restrictions on work and travel in the wake of the coronavirus epidemic that has now killed more than 900 people, mostly on the mainland. Sunday’s death toll of 97 was the largest in a single […]

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February 10, 20205:25 pm
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Bursa Malaysia Fells on Weak Sentiment

Bursa Malaysia opened slightly higher but declined thereafter as weak market sentiment caused index-linked stocks to fall. At 9.15 am, February 10, 2020, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 12.23 points to 1,542.26 from Friday’s 1,554.49, after opening 2.58 points firmer at 1,557.07 this morning. Market breadth was negative as losers outpaced gainers […]

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February 10, 202011:42 am
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Singapore Bans Work Pass Holders Due to Coronavirus Outbreak

Four work pass holders and six employers were found to have breached the leave of absence requirements in place due to the coronavirus situation. As a result, the workers will no longer be allowed to work here, while the employers had their work pass privileges suspended, announced the Ministry of Manpower (MOM) on Feb 9, […]

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February 10, 20209:50 am
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Business Events in Singapore are Getting Cancelled Amid Coronavirus Outbreak

Economist Song Seng Wun was all set to take part in a panel discussion at the Singapore Exchange (SGX) annual Active Traders Fair on Feb 22 until the coronavirus stepped in and led to the event being cancelled. “I don’t blame them. They have to take precautionary measures,” noted Mr Song. There have been a […]

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February 6, 202010:14 am
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Unemployment Rate in NZ Down to 4.0 Percent (New Zealanders are Benefiting from the Growing Economy)

Today’s news of low unemployment, rising wages and record numbers of Maori in work shows the economy is in good shape and that the Government is delivering better outcomes across New Zealand. “The Coalition Government has overseen a strong economy. Our investments in infrastructure, our focus on lifting wages of those who previously missed out, […]

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February 5, 202010:29 am
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Businesses in the United Arab Emirates Worsened as Virus Raises Threat

Business conditions in the United Arab Emirates worsened for the first time in over a decade as the virus outbreak in China risks further disruption to the Gulf nation’s trade and tourism. Hurt by employment losses and a drop in new orders, operating conditions in the second-biggest Arab economy deteriorated in January, according to IHS […]

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February 5, 20209:54 am