‘Very disappointed’ and ‘aggrieved’: Third senior executive fired by SingPost contests move

‘Very disappointed’ and ‘aggrieved’: Third senior executive fired by SingPost contests move

THE third C-suite executive fired by Singapore Post (SingPost) last week has contested the move, calling it “without merit”. Li Yu, chief executive of SingPost’s international business unit before the dismissal, said in a LinkedIn post dated Tuesday (Dec 24) that he was “very disappointed” and “aggrieved” by SingPost’s allegations and decision. “I am very…

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China avoids rate cut to keep ammunition for future pressure

China avoids rate cut to keep ammunition for future pressure

CHINA refrained from cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next year. The People’s Bank of China (PBOC) held the interest rate on the one-year medium-term lending facility (MLF) steady at 2…

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