State investment arm took similar measures during 2003 SARS outbreak, 2008 global financial crisis. FMTNews Temasek
SINGAPORE: Temasek Holdings Pte, Singapore’s state-owned investment firm, is implementing a company-wide wage freeze for an as-yet-undetermined period and asking senior management to take voluntary pay reductions for up to a year amid the coronavirus outbreak.
Temasek said it will donate part of the money it saves to staff-volunteer initiatives, and support the community as needed through unspecified measures. Ho Ching, the wife of Singapore Prime Minister Lee Hsien Loong, is Chief Executive Officer of Temasek Holdings. Temasek’s investment strategy has been focused on buying into structural trends, such as changing consumption patterns. Those have been disrupted globally as governments clamp down on the movement of people and the production of goods.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Negri MB has audience with state RulerSEREMBAN: Mentri Besar Datuk Seri Aminuddin Harun had a 30-minute audience with state ruler Tuanku Muhriz Tuanku Munawir on Monday morning (Feb 24) at Istana Hinggap here.
Read more »
Selangor MB is on Anwar's side, says state rep after meetingSHAH ALAM: Sixteen out of the 21 Selangor PKR state assemblymen attended the impromptu meeting at the mentri besar's official residence on Monday morning (Feb 24).
Read more »
UN wants respect for '2 state' solution in Middle EastThe statement comes after rising tensions following rocket attacks on Israel. FMTNews UN
Read more »
Report: Selangor MB, some Azmin loyalists in state assembly to stay in PKR | Malay MailKUALA LUMPUR, Feb 25 — Datuk Seri Azmin Ali’s PKR allies in the Selangor legislative assembly have reportedly decided to stay put, for now, despite the former being sacked from the party and declaring himself as part of an independent bloc. English daily The Star quoted an anonymous PKR...
Read more »
Malacca Harapan confirms it no longer controls the State AssemblyWith Bersatu having quit Harapan, we no longer have the numbers in the legislature, says Malacca DAP chief Tey Kok Kiew.
Read more »
Johor Umno confident there can be new state gov't with PKR defectionWith the exit of Bersatu from Harapan, the state assembly is hung 28 to 28.
Read more »