DBS bank to give each employee $1,000 as part of SG50 celebrations

[krafty]

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.

 

[krafty]

the ah neh ceo smart to rally support of his staff thru use of monetary rewards. previously, the ang mo ceo retrenched dbs staff and kanna cancer. see the difference, ah neh is the best.:o

 

[syed putra]

Money is enough for a quick holiday to any south east asian destination. happy chinese new year!

 

[STUCK_HERE]

Thanks for the frus club

 

[veggiehater]

private company can do this much for employees, i wonder if the civil servants are going to get anything too