Daily Debrief: What Happened Today (Sep 10)
Stories you might have missed
Prime Minister Lawrence Wong stated that raising ministerial salaries is not intended to attract people into politics, but rather to ensure the country retains sufficient leadership if political salaries become uncompetitive. A Singapore-based fintech firm, Embed Financial Group Holdings, faced a sobering experience when they were hauled to court over unpaid Central Provident Fund (CPF) contributions. The company's CEO, Dennis Ng, emphasized the importance of timely CPF payments.
The popular ride-hailing and food-delivery app Grab is reportedly in talks to acquire a majority stake in Singapore's buy-now-pay-later platform Atome Financial. This potential acquisition would further solidify Grab's position in the Southeast Asian market.
Recognizing the need to support work-life balance, the Singapore government is considering introducing an accreditation mark to identify companies with favorable policies for employees. Additionally, Singapore and Sydney will soon be linked by more frequent flights, with EgyptAir joining the roster of airlines operating on this lucrative route.
In a surprising legal turn of events, a CEO of a listed company sued his former flight attendant ex-lover for over S$468,000 after their relationship ended. The high court ruled against the CEO, dismissing his claims. Meanwhile, the Singdollar reached a 10-month high against the Malaysian ringgit, as investors sought refuge in traditional safe havens amid uncertain global economic conditions.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
