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Tue, Nov 25, 2008
AsiaOne
Daily financial roundup: November 25

 

Cut in annual pay for top civil servants
IN THE wake of a worsening economic climate, senior civil servants will take a pay cut of up to 19 per cent next year.

They include political, judicial and statutory appointment holders as well as ministers. ... more

 


Other stories

Big bonus cuts for top managers in DBS

Senior managers would see larger pay cuts than junior staff. -Reuters

SIA not cutting salaries for now

Spokesman says there are existing mechanisms in place. -Reuters

US govt goes to Citigroup's rescue

Bank to receive capital injection of US$20b and credit loss guarantees. -Reuters

Citi rescue prompts criticism

Some analysts said the plan set a dangerous precedent. -AFP

Google to cut contract workers: WSJ

But it has no plans at this time to lay off employees. -Reuters

GM ends Tiger Woods deal

The sponsorship contract, believed to pay Woods US$7 million a year, was due to expire at the end of 2009. -AFP

 

 

 

 
STORY INDEX
 
  Germany is in recession
   
 
  Daily financial roundup: November 25
   
 
  Google to cut contract workers: WSJ
   
 
  Citi rescue prompts criticism
   
 
  Big bonus cuts for top managers in DBS
   
 
  S'pore households have enough wealth to weather the storm
   
 
  Britain unveils $45b stimulus
   
 
  US govt goes to Citigroup's rescue
   
 
  Citi execs pay draws scrutiny
   
 
  Citigroup gets massive US govt bailout
   
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