Singapore civil servants will receive a 0.45-month mid-year Annual Variable Component (AVC) bonus, as announced by the Public Service Division (PSD) on June 23. Additional one-off payments of up to 400 million US dollars will be rolled out for junior-grade officers, specifically those in Management Executive (MX) grades equivalent to MX13(I) or below, alongside those under the Operations Support Scheme (OSS).
Author: Elisabeth Xaviera
Business and Economy Correspondent, SEA Daily
Laos battles entrenched rural poverty as provincial gaps widen
On June 16, the Lao Ministry of Finance, alongside multi-sectoral authorities, held a meeting in Vientiane to review and discuss the newly drafted National Agenda for Rural Development and Poverty Alleviation.
Singapore eases dialect film restrictions following public feedback over surging demand for Chinese hit ‘Dear You’
Singapore authorities have agreed to accommodate additional screenings for the Chinese global box-office hit, Dear You, which will take place from June 25 to 29.
Indonesia-France launch phase two of IndoKAKAO to boost production quality and empower local producers
Indonesia and France have commenced the second phase of the IndoKAKAO project, a bilateral commitment to bolster innovation for a high-quality, sustainable and inclusive cocoa sector in Indonesia. This initiative is jointly coordinated by the French Agricultural Research Centre for International Development (CIRAD) and the Indonesian National Development Planning Agency (BAPPENAS).
Singapore authorities intervene as over 100 migrant workers claim unpaid wages
On June 22, more than 100 migrant workers converged in front of Singapore’s Ministry of Manpower (MOM) Service Centre, demanding the authorities’ intervention over claims that they have been denied their earnings for at least two months.
Vietnam-Denmark deepen sustainable urban partnership in Da Nang
On June 19, Vice Secretary of the Da Nang Party Committee and Chairman of the municipal People’s Committee Nguyen Manh Hung hosted Danish Ambassador to Vietnam Nicolai Prytz for a bilateral meeting. Both sides are striving to forge a deeper partnership, particularly in sustainable development and green investment.
Philippines’ Clark airport secures US$400 million German investment
The Philippine-German joint venture Lufthansa Technik will invest 400 million US dollar to develop a major aircraft maintenance, repair and overhaul (MRO) facility at the Philippines’ Clark International Airport.
London to adopt “Singapore-style” housing model
London’s Mayor Sadiq Khan concluded his Singapore visit on June 16, having attended the World Cities Summit and secured investment planning for house-building.
US-Iran peace pact does little to resolve Southeast Asia’s economic uncertainty
The third official peace talks between the US and Iran on June 14 produced a 14-point memorandum of understanding (MoU), the details of which were released by White House officials on June 17 following its electronic signing by both respective presidents
ASEAN-Russia endorse Kazan Declaration to advance strategic partnership and maximise economic potential
On June 17, ASEAN member states and Russia commenced their commemorative summit to mark the 35th anniversary of ASEAN-Russian Federation relations, focusing on deepening security, economic and technological ties. The meeting was co-chaired by Philippine President and ASEAN Chair Ferdinand Marcos Jr. and Russian President Vladimir Putin.