MAJOR FINANCIAL FIRMS SCALE UP
LOCAL STAFF TRAINING
Realising how immense the contributions of local professionals,
managers, e[ecutives and technicians (PMETs) are in ensuring
that fi nancial operations go smoothly, banks in Singapore had
made some initiatives to promote the growth of their local staff.
For instance, from 2014 to 2016, 8nited Overseas Bank (8OB)
have groomed 6,000 employees with accredited e-learning
programmes. In fact, since 2015, 33 per cent of training funds
channelled to develop Singaporean talents. These trainings
schemes will be further upscaled in the future.
M Y A N M A R
LABOUR UNION DEMANDS
NEW MINIMUM WAGE
Myanmar’s largest worker guild, The Confederation of Trade
8nions in Myanmar (CT8M) is appealing for a new minimum daily
wage of K6,600 even though they have been made aware that
even K4,800 may Meopardise some small businesses. 8sing the
survey techniTues of the International /abour Organisation, CT8M
argues that the amount needed to cover each day’s expenditure
is not enough given the current minimum wage, which is K3,600.
As such, through the survey, they noted that a worker in Yangon
needs at least K,64 to cover his daily cost of living. The new
minimum wage is expected to be amended by early 2018.
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