... 15 December 2020. probunkers requests license for LNG bunkering in Port of Singapore. DBS Bank senior economist Irvin Seah, who forecasted in April that there might be 45,600 retrenchments by the end of the year, said that the retrenchments figures are likely to be mitigated by the Singapore governmentâs job support measures. Terms apply. Retrenchment figures have been on the rise so far in 2020. If the measures are extended, the retrenchment numbers for the year âmay be a bit lowerâ than her initial prediction of 65,000, she added. This means the current economic crisis is expected to last 24 months, said Seah. You can read the report on CNA for all the details. When retrenchment is forced on a business, management teams should treat their affected colleagues with human dignity and respect. SINGAPORE: Singapore's overall unemployment rate rose in the second quarter to its highest level in more than a decade, as retrenchments more â¦ SINGAPORE — Jeremy Ho* (not his real name) began his job hunt even before receiving his retrenchment notice in June, having heard about impending job cuts at the bank where he had spent six years. In Singapore, all personal financing facilities are now under Singapore Covid-19 Relief Programme. Retrenchment benefits. In Q2, this number had doubled to 6,700. Over S$2.2 million of donations to support individuals, households and community across core | All rights reserved. Best Retirement Plan for SRS & Retrenchment Payout Benefit â Manulife RetireReady Plus II * Replaced RetireReady Plus 09/04/2020. Data on retrenchment are useful in monitoring the impact of an economic downturn or restructuring on workers and in identifying industries which are re-structuring or ailing. âNaturally, many outlet staff were quite upset, as they were already on no-pay leave, and were waiting for the circuit breaker to end so that they could resume working.â. Responsible retrenchment. Follow the latest news on retrenchment at TODAYonline. They require a historic drawdown of S$21 billion from Singaporeâs past reserves. Another month of extension of the circuit breakers could see a negative 8 per cent full-year GDP growth. Unemployment Rate in Singapore increased to 3.60 percent in the third quarter of 2020 from 2.80 percent in the second quarter of 2020. While there was relatively little news of major retrenchment exercises in Singapore in the first few months of the pandemic, the end of the circuit breaker period saw several companies â mostly from the badly impacted services sector â making headlines with their layoff announcements. They also offered recommendations on managing excess manpower. One month of circuit-breaker measures is estimated to cost Singaporeâs economy roughly S$10 billion, or 2 per cent of the GDP in 2019. Maybank economists have predicted a 6 per cent negative growth. 17 December 2020. Maybank Kim Eng economist Chua Hak Bin noted that some gig economy workers, however, could still thrive during this time, such as those working in food delivery and those who can bring their expertise online, such as tuition teachers. Some 1.3 million workers, about one-third of Singaporeâs entire workforce, including foreign workers, are forced into âhibernationâ as a result of circuit breakers. COVID-19 Support Grant: â¢ Singapore Citizens or PRs aged 16 years and above â¢ U nemployed due to retrenchment/contract termination as a result of COVID-19 (after 23 Jan 2020) â¢ Involuntary NPL for a period of at least 3 consecutive months (e.g. MAS is the central bank of Singapore. âI donât think S$120 a week is enough to get by, (but) I have savings to fall back on,â she said. But Seah said it is hard to come up with an exact figure now âas the entire crisis is still continuingâ. âThere has also been a lot of moral suasion (by the authorities) that if companies really do need to lay off (workers), they should protect the Singaporean core,â she said. Seeing the writing on the wall for his industry, he applied for various companies outside of the aerospace sector, such as in the biomedical and semiconductor fields. There were 10,690 retrenchments in the whole of 2019, the Manpower Ministryâs labour market report showed in March 2020. Many gig workers such as freelance performers, artists, tour guides, and private-hire drivers, have seen a drastic drop in their incomes or job opportunities drying up. While more layoffs could be expected, especially from the hard-hit industries, the number may be lower than what some experts had earlier expected. He noted that any sector that depends on discretionary spending could see more retrenchments in the coming months. And if you’re doing your own investments, it also takes up your time and resources. One month of circuit-breaker measures is estimated to cost Singaporeâs economy roughly S$10 billion, or 2 per cent of the GDP in 2019. Retrenchment figures have been on the rise so far in 2020. Daniel (not his real name), a 26-year-old who was retrenched in February from an online travel agency, has also been working part time at security firm Certis, where he helps to call persons under quarantine to check on their details. | Our mission is to promote sustained non-inflationary economic growth, and a sound and progressive financial centre. Altogether, S$59.9 billion was set aside for the national fight against the Covid-19 pandemic. About In Q1, there were 3,220 retrenchments. It was during the circuit breaker measures which saw many businesses stop operations, and he and his colleagues had gone on no-pay leave. After being retrenched from a corporate role at a hotel in June, Alyssa (not her real name) has been applying âaggressivelyâ for jobs. Retrenchment must … | âThe CEO did not even leave a word via WhatsApp,â said Nicholas. Finance minister Piyush Goyal told the Lok Sabha that there was no retrenchment after the merger of the associate banks and the Bharatiya Mahila Bank with the SBI. | Here's what the market is expecting from the banking giant. As Nicholas had worked with the company for only one and a half years, he did not receive any benefits, which were granted only to those who had worked two years or longer. The severity of the crisis also means that sectors which are seeing a temporary rebound â after Singapore and other countries reopened their economies â are by no means immune to layoffs. MAS is the central bank of Singapore. Save, spend and be insured with the Singlife Account. Investments give potentially higher interest but can fluctuate greatly. F&B outlets in Orchard Road on the first day of the circuit breaker on April 7, 2020. âWe should extend the JSS, but take a more targeted approach where the extension is only for certain industries that are worst hit,â Seah said. Singapore government will continue to support workers and businesses, Covid-19 Support Grant and the Courage Fund, Cheras LHDN branch to resume operations tomorrow, Glove maker Laglove ordered to close Kajang plant for Covid violations after HR minister sees workersâ living conditions, US stocks open lower on UK Covid-19 spike despite US stimulus. There were 90,500 unemployed residents in June 2020, of whom 79,600 were citizens, MOM said. Retrenchment must always be the very last option for a business after exhausting all others. 9. Credit Suisse These are the biomedical and pharmaceutical industries that have seen an increase in demand in healthcare supplies, the e-commerce industry which has benefitted from safe-distancing measures, and some segments of the tech industry, as more people take their businesses and everyday activities online. Retrenchment benefits are payments given to employees to compensate them for the loss of employment. Employers must notify MOM within 1 week for any cost-saving measures that affects employeesâ salaries. December 17, 2020. RETRENCHMENTS in Singapore could hit 45,600 this year with the economy in a "deep and protracted recession", as the country toils at containing the spread of the novel coronavirus with an extended "circuit breaker", a report from DBS Bank suggested on Monday. ... 6 December 2020. Barclays in Singapore looks set to take at least a 15% share of the 1,000 global job cuts that the bank announced last month. Enjoy returns of up to 2.5% p.a. It has been estimated by local economists that retrenchments in Singapore in 2020 could be between 45,000 to 200,000, which would be a record. Those with less than 2 yearsâ service could be granted an ex-gratia payment out of goodwill. Employers should consider alternatives such as redeployment and temporary layoffs. Bank accounts give safety and liquidity, but that’s about it. After a successful release and a merger underway, this is a chance for us at Singlife to spend the time to relook, regroup and refresh the Singlife experience and offering. Almost all the retrenched workers whom TODAY interviewed have yet to find full-time employment, with some working part-time to get by. Contact us The post Best Rewards Credit Cards In Singapore (2020) appeared first on SingSaver Blog - We … He clocks in four 12-hour days a week, fetching about 80 to 90 per cent of his previous salary. Goldman Sachs Writing on Facebook earlier this week, Heng gave the assurance that the Singapore government will continue to provide targeted support to sectors that are hardest hit, including helping them âpivot to new opportunitiesâ in growth areas. Singapore has seen over 50 years of major road projects, from the PIE to the North-South Corridor. Singapore's banking industry is heavily consolidated around the three main Singapore banks. Mandatory notifications on cost-saving measures. E mployees in Singapore who have been retrenched must understand what they ought to do when they are faced with r etrenchment. A copy of the revised advisory may be accessed here. Who is eligible. If you like what you read, follow us on Facebook, Instagram, Twitter and Telegram to get the latest updates. Web design by Yu Sheng & Yu Siang. Ship finance bounces back after Deutsche Bank retrenchment. This is in line with the Ministry of Manpower’s recent retrenchment advisory. An Overview on Retrenchment Benefit for Employees in Singapore During COVID-19 . The retail trade industry shed 8,000 workers, while food and beverage services saw a plunge of 22,900. Woodlands had dinosaurs before it was cool. The bank had 237,685 full-time employees at the end of June 2019, according to its 2019 interim report. DBS Bank senior economist Irvin Seah, who forecasted in April that there might be 45,600 retrenchments by the end of the year, said that the retrenchments figures are likely to be mitigated by the Singapore governmentâs job support measures. Agreeing, OCBC bank economist Selena Ling â who had also predicted four months ago that retrenchments this year could hit 65,000 â said that aside from support such as the JSS, there have also been other âsoftâ measures in place that could help reduce layoffs, though it would be difficult to estimate a figure. ... 4 Best Whole Life Insurance Plans Singapore 2020 (Updated Nov 2020) July 2, 2019 48733 views. However, the economic environment continues to be challenging. As set out in the Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment(referred to as the âAdvisoryâ in this article), the selection of employees for retrenchment should be based on objective criteria and conducted in a fair manner. In the first two quarters of this year, there have already been almost 10,000 retrenchments. The Singapore economy is headed for a contraction of between 5% and 7% in 2020, after shrinking by 13.2% on a year-on-year basis during April to â¦ Retrenchments in Singapore could hit 45,600 this year with the economy in a "deep and protracted recession", as the country toils at containing the spread of the novel coronavirus with an extended "circuit breaker", a report from DBS Bank suggested on Monday. 10. Capturing market share from these behemoths in â¦ Follow the latest news on retrenchment at TODAYonline. Although the Advisory is not legally binding on employers, it outlines progressive workplace practices that employers should adopt. Although the government has extended the Jobs Support Scheme till March 2021, it looks like retrenchments are still going to be around for a while in Singapore. Download the Singlife App to sign up now and get a complimentary visa debit card! In Singapore’s annual wage guidelines announced yesterday (30 March), the NWC called on employers to conduct retrenchment exercises in a responsible manner. Of course, the first step to be taken after one has been retrenched is that of conducting a job search. As Covid-19 continues to wreak havoc on economies around the world, including Singaporeâs, unemployment and retrenchments on the island continued to rise in the second quarter of this year, especially in sectors hard-hit by the pandemic, such as aviation, hospitality, and food and beverage (F&B). Cloud hosting by Vodien. In â¦ âOne of the reasons I looked for a job so early is because I donât want to place my bets on finding a job while living on the money from the retrenchment package,â said Frederick, who has a two-year-old son. This is in line with the Ministry of Manpowerâs recent retrenchment â¦ The Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment was updated in March 2020 in light of the negative impact on the global economy the COVID-19 pandemic has had. They also offered recommendations on managing excess manpower. Check out top news from Singapore and around the world. She has applied for roles in the technology and healthcare sectors, but feels like she is âjust applying for jobs which I think I am qualified to do, with no real sense of directionâ. COVID-19 Care Package for all employees. For those who have found themselves retrenched in 2020, or are currently unemployed and are looking for a job, securing employment in today’s climate will no doubt be tougher than in previous years. Here are tips to help you better interact with the statistics The retrenchment benefit is your average monthly card transaction values made over the 6 months immediately before the date of retrenchment. Income $80,000: Business Expenses $15,000 - Deductible Business Expenses $5,000 - Non-Deductible Business Expenses $10,000 Income Subject to Tax ("Taxable Income") Seah said: âWe think that growth will only return back to positive levels from the second quarter of next year.â, He added: âReal GDP (gross domestic product) will only return to pre-Covid levels earliest by end of next year.â. Belmont Lay The COVID-19 pandemic has pushed Singapore into an economic slump, putting jobs at risk and causing retrenchments to rise. From an initial projection that the GDP will shrink between 4 and 7 per cent, MTI downgraded its forecast to a contraction of between 5 and 7 per cent this year. Copyright Â© 2020 Mothership. There are also IT company with set up similar to one of the biggest local bank here. | Looking for a fresh start? Check out top news from Singapore and around the world. Retirement Plan Mandatory notifications on cost-saving measures. They include entertainment and recreational services, as well as industries dealing with big-ticket items such as cars and real estate. We Are Hiring A Straits Times report also said that back in July 2015, the Royal Bank of Scotland trimmed its presence here in Singapore, laying off “hundreds” of people. We will be putting new sign-ups for the Singlife Account on hold with effect from 15 December 2020. The Asian Financial Crisis in 1997 and 1998 saw around 30,000 retrenchments, while the Global Financial Crisis in 2008 and 2009 claimed around 40,000 jobs. Majority of workforce on work from home arrangements in Singapore, Malaysia and Indonesia. This involves taking into account the following non-exhaustive factors when conducting a retrenchment exerâ¦ While most of the retrenched workers interviewed started looking for jobs only after they received the pink slip, Frederick (not his real name), a senior technician from the aerospace industry, said that he began looking for alternative employment as early as March, before he was eventually retrenched in July. However, he knows that the role is not permanent and is looking for full-time employment. The email from the human resources department said the firm was closing down, and he was retrenched with immediate effect. Singapore, as one of the world’s most open economies, is not immune to this. Retrenchment must be done responsibly and fairly. There is also no retrenchment in Singapore and companies will avoid such a term. Singapore Citizens or Permanent Residents, aged 16 years and above, who are presently involuntarily unemployed due to retrenchment or contract termination, or presently on involuntary no-pay leave (NPL) for at least three consecutive months, or presently experiencing reduced total monthly salary of at least 30% for at least … The unemployment rate in Singapore raised to around 4.38 percent in 2020 from 4.11 percent in the year before. Hereâs some help: For workers who have been retrenched, there are several government grants and initiatives to help tide them over this period and find jobs. It is neither a bank savings account nor fixed deposit. ― Picture by Raj Nadarajan via TODAY. The 1997 Asian financial crisis resulted in around 30,000 jobs disappearing. Fall in Singapore's total employment and retrenchment improves in 3Q2020. The latest official government 2020 gross domestic product (GDP) forecast range is -4 to -1 per cent for the year. The two digital full bank (DFB) licences go to a consortium between Grab and major Asian telco Singtel, and Sea, a consumer-based internet firm covering Southeast Asia and Taiwan. In comparison, the Asian Financial Crisis and the Global Financial Crisis both lasted about 18 to 19 months. âAs long as itâs something that I think I can do and have the experience they are looking for, I just apply,â he said. For instance, the recent increase in demand in retail, F&B and entertainment sectors may not last if the economy continues to dive further, and people begin to tighten their belts again. Inspections have been carried out at the ferry terminal by Indonesian authorities. SINGAPORE: It was painful but ... (COVID-19), in the central business district, in Singapore, April 7, 2020. Enhanced hygiene and precautionary measures within office premises and branches. For Singapore Citizens and PRs: $15,300 For Foreigners : $35,700 SRS contributions made on or after 1 Jan 2017 are still subjected to a cap on the overall personal income tax relief of $80,000 per Year of Assessment from Year of Assessment 2018. Get more information about JOB CUTS at straitstimes.com. They include the Job Support Scheme (JSS), which has helped to subsidise wages, thus enabling companies to retain their workers despite challenging business conditions. Deutsche Bank AG Image Credit: Bloomberg. ... OCBC Bank's Head of Treasury Research and Strategy. Responsible retrenchment. COVID-19 Support Grant Target beneficiaries and eligibility criteria. find out more The COVID-19 has significantly impacted the livelihoods of businesses and employees. However, the pandemic has dealt a fresh blow to the gig economy, said the economists. JOB CUTS News - Find latest News & top stories about JOB CUTS. Mar - May 2020, May - Jul 2020) â¢ Experiencing reduced monthly salary of at least 30% for a period of at least 3 consecutive months (e.g. Although the government has extended the Jobs Support Scheme till March 2021, it looks like retrenchments are still going to be around for a while in Singapore. Some 77 per cent in this sector are Singaporean workers, but more than half of the retrenchments could involve foreign workers. Recent Comments. Even as retrenchment figures rise, the official numbers may still not capture the full picture since they do not include firms with fewer than 25 employees or affected workers in the gig economy, economists told TODAY. The DBS economist predicted a 2.8 per cent to 4 per cent contraction. Link to post Share on other sites. 2020 could see the worst recession in the whole of Singapore's existence as a nation. The 2008 to 2009 global financial crisis saw around 40,000 retrenchments. On Monday, Deputy Prime Minister Heng Swee Keat is slated to make a ministerial statement to provide details on how the Singapore government will continue to support workers and businesses. The Singapore economy is headed for a contraction of between 5% and 7% in 2020, after shrinking by 13.2% on a year-on-year basis from April to June, according to government data. 6 November 2020. Offered targeted support to all retail and corporate clients across the … 4. Deutsche Bank AG, a German global banking and financial services company headquartered in Frankfurt, is considering cutting as many as 8,000 jobs, which is about 25% of its workforce. SINGAPORE, Aug 15 â In May, Nicholas (not his real name), 27, received an email from the food and beverage (F&B) company where he was employed as a quality control officer. The Commonwealth Bank of Australia (ASX:CBA) full year result is just weeks away. According to MOMâs Labour Force Reports, in 2016 there were 200,100 residents who were âown accountâ workers. #4. Chart: Retrenchment - Draw your own insights into Singaporeâs labour market by exploring official data through interactive charts. ... Edited November 21, 2020 by Ct3833. Alternatives to retrenchment. Overcoming Retrenchment as an Employee in Singapore . Employers must notify MOM within 1 week for any cost-saving measures that affects employees’ salaries. Maybank and DBS economists interviewed by the mainstream media have predicted that âcircuit-breakerâ measures in place for at least four weeks will decimate jobs. Ship finance bounces back after Deutsche Bank retrenchment 16 December 2020 âWe really didnât want to be one of 25 lenders in a syndicate and not really be meaningful. ST PHOTO: ONG WEE JIN ... including large employers like Bank of China, Bank of Singapore, DBS, Great … It was named as the best private bank from 2011 to 2016 by Global Finance and by Asian Private Banker. Get your product to market or the consumer faster without the excuses retrenchment amid this outbreak. April 08, 2020, 07:25 PM. âIf employment prospects continue to deteriorate, then it will have a second-order impact on domestic consumption and henceforth segments such as the F&B and retail sector,â said Seah. 11. Looking back at 2020 with 20/20 by The Fifth Person; Buy these REITs as Singapore eases Covid measures further, says major Asian bank by CNBC; Recession and Retrenchment – You are not alone by Sin Yee Tan; G.H.Y Culture & Media Holding Co., Limited – Balloting Results by Urban Carmel 2020 will be a major bloodletting exercise. As more sectors re-open gradually, we will have to evolve and taper the support provided.â. The MOMâs advance estimates for the second quarter of this year showed that both manufacturing and services sectors registered a sharp increase in retrenchments. Based on data from the Ministry of Manpower (MOM), retrenchment in 1Q 2020 for Finance & Insurance services 4 was similar to the average quarterly retrenchment in 2019. In Q1, there were 3,220 retrenchments. Our mission is to promote sustained non-inflationary economic growth, and a sound and progressive financial centre. No retrenchment after merger of associate banks with SBI: Government 10 Aug, 2018, 06.55 PM IST. Irvin Seah, senior economist at DBS Bank reckons that Singaporeâs unemployment rate is reaching its peak, likely in the ongoing 4Q2020. The construction sector also saw one of â¦ Singapore, Malaysia, Hong Kong, Macau and Indonesia. Share this post. âI think (retrenchments) are likely to increase and whether we get a surge depends on whether policymakers extend or enhance some of the current policy support,â she said. While manufacturing saw an increase from 720 retrenchments in the first quarter to 1,600 in the second, services saw a corresponding increase from 2,360 to 4,600. It employs more than 2,100 staff in Singapore, though there are no news of any layoffs yet. This bad news prediction comes despite the governmentâs three stimulus packages meant to prop up a bruised and battered economy. Employers should consider alternatives such as redeployment and temporary layoffs. The total number of cases in Singapore stands at 57,915. Summary Table: Retrenchment Retrenchment refers to the termination of permanent employees due to redundancy and early termination of term contract employees due to redundancy. The services sector includes industries such as retail, F&B, hotels, transport services, and recreation. If youâve ever wanted to shoot your shot at being an influencer, nowâs your chance. The total assets acquired by the bank are $115.94 billion at the end of April 2017. Bank of Singapore: Bank of Singapore is the subsidiary of OCBC; but as a subsidiary, itâs still huge. Relief Provided for Employees Whose Livelihoods Are Affected. I’m not saying you should not put your money in bank accounts or investments, but striking a balance is crucial. Oil tanker Suez Canal transits drop 27% Y-o-Y in October. Millions of Indonesian parents abandoned a measles vaccine in 2018 when it was declared haram. The 29-year-old has gone for 10 interviews so far but has yet to be offered a job. SINGAPORE, April 9 — With the “circuit-breaker” measures in place for at least four weeks, one bank has said that the number of retrenchments this year could fall between 150,000 and 200,000, … âUltimately it is the survival of the fittest, and the fittest are the ones who are able to adapt and grow,â Seah said. S$4 billion of loan moratorium to individuals have been approved to date, mostly for home loans. Alternatives to retrenchment. Helping Singaporeans retain their jobs or find new ones amid the COVID-19 pandemic has been a national priority in 2020. In July, the 34-year-old secured a job at a local infocomm technology firm as an associate engineer, matching his previous salary. Under the JSS, which is scheduled to cease this month barring any extension, the Singapore government will co-fund between 25 per cent and 75 per cent of the first S$4,600 (RM14,071.07) of an employeeâs gross monthly wages, with three main payouts in April, July and October. According to the Ministry of Manpower’s Labour Market Report, PMETs made up half of local retrenchment figures in Q2 2020. He says that while the jobless rate has edged up, the âpace of deterioration is moderatingâ, as policy measures on creating jobs and preventing job losses have been gathering momentum. The Singlife Account is an insurance savings plan that offers insurance coverage. We keep hearing people talk about how the pandemic has âdisruptedâ employment practices. Web development by Ripplewerkz. Royal Bank of Scotland has also announced that they could be cutting as many as 80% of the jobs in its investment banking unit over the next four years. She is currently working part-time in sales planning at a small local trading company earning S$120 a week â some 90 per cent lower than what she was earning from her previous job. In 2019, this had grown marginally to 211,000, making up 8.8 per cent of the countryâs labour force. Ling noted: âAfter August, the question is if the businesses foresee that the demand is not going to pick up significantly... Then you may get many who will throw in the towel.â. The predictions are out: Singapore could see between 150,000 and 200,000 retrenchments this Covid-19 season as circuit breaker measures have kicked in from April 7 until May 4. ... 4 Best Whole Life Insurance Plans Singapore 2020 (Updated Nov 2020) July 2, 2019 48733 views. Unemployment Rate in Singapore averaged 2.44 percent from 1986 until 2020, reaching an all time high of 6 percent in the first quarter of 1986 and a record low of 1.40 percent in the … But 20 applications and three interviews later, the 39-year-old remains jobless. The service industry will be one of the most badly hit this time. New jobs and in-demand skillsets were discussed at the Digital Banking Symposium 2020 today, organised by the Banking and Financial Services Union - BFSU and Singapore Fintech Association, which saw more than 1,300 participants. The Ministry of Trade and Industry (MTI) on Aug 11 said that the Singapore economy shrunk 13.2 per cent in the second quarter of the year compared with the same period last year, as the country enters its worst recession since independence. The damage could all count towards the worst recession on record since independence in 1965. Singapore banks, which are major employers here, have pledged no retrenchments as a result of the novel coronavirus outbreak. Best Retirement Plan for SRS & Retrenchment Payout Benefit – Manulife RetireReady Plus II * Replaced RetireReady Plus 09/04/2020. Retrenchments rose by 108 per cent to 6,700 between April and June, compared with 3,220 in the first three months of the year, according to advance estimates from the Ministry of Manpower (MOM) in July. ... based on the mandatory retrenchment notifications filed up until Mar 30. While the overall outlook remains bleak, economists have identified several industries that would be safe amid the pandemic. Singapore has announced the recipients of its much-prized digital bank licences. Against this backdrop, PMEs, especially those in their 40s to 60s, have been significantly impacted. SINGAPORE - A recession in Singapore "appears inevitable", said DBS Bank as it now sees the economy shrinking by 0.5 per cent this year, instead of the 0.9 per cent growth it forecast last month. Workforce retrenchment in Singapore is expected to hit record numbers as a result of economic disruption from the coronavirus (COVID-19) pandemic. Ship finance bounces back after Deutsche Bank retrenchment DBâs industry lending has fallen sharply since the shipping downturn and 18,000 jobs were axed at the bank, but itâs still in the game with a leaner and fitter book, argues its head of transport The North-South Corridor infocomm technology firm as an associate engineer, matching his previous salary to and... 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