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13-02-2015, 09:10 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
DBS bank to give each employee $1,000 as part of SG50 celebrations
SINGAPORE - DBS Group Holdings will mark Singapore's 50th birthday by giving a $1,000 hongbao to each of its 18,000 employees.
A report by the Business Times said the bonus, which will cost South-east Asia's largest bank $18 million, is also to mark the bank's milestone for reaching $50 billion in market capitalisation.
DBS chief executive Piyush Gupta announced the good news on Wednesday, on the back of the bank posting its full-year 2014 results the day before.
Net profit for the full-year rose to a record $4.05 billion - a 10 per cent growth from $3.67 billion
Bank staff who will receive the red packet include vice-presidents and below, with some 10,000 staff in Singapore set to get it. DBS has 21,000 staff in total.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?200482-DBS-bank-to-give-each-employee-1-000-as-part-of-SG50-celebrations&goto=newpost).
DBS bank to give each employee $1,000 as part of SG50 celebrations
SINGAPORE - DBS Group Holdings will mark Singapore's 50th birthday by giving a $1,000 hongbao to each of its 18,000 employees.
A report by the Business Times said the bonus, which will cost South-east Asia's largest bank $18 million, is also to mark the bank's milestone for reaching $50 billion in market capitalisation.
DBS chief executive Piyush Gupta announced the good news on Wednesday, on the back of the bank posting its full-year 2014 results the day before.
Net profit for the full-year rose to a record $4.05 billion - a 10 per cent growth from $3.67 billion
Bank staff who will receive the red packet include vice-presidents and below, with some 10,000 staff in Singapore set to get it. DBS has 21,000 staff in total.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?200482-DBS-bank-to-give-each-employee-1-000-as-part-of-SG50-celebrations&goto=newpost).