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M1 launches DBS virtual credit card

M1 is the second telco after StarHub to launch this card. -BT - The Business Times

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>> MY MONEY

		Singapore's 40 richest 2012 Collectively, the wealth of Singapore's wealthy increased this year.

		Eurozone crisis is main risk for Singapore: MAS It warned the nation to brace for "a more adverse turn of events". -AFP

		MAS sets up $20 billion facility to back up depositors Singapore's central bank announced fresh measures to protect depositors, by creating a $20 billion liquidity buffer to back up a deposit insurance scheme. -Reuters

		Singapore June exports beat forecasts, outlook still murky Singapore's domestic exports of electronics edged 1.6 per cent higher in June from a year ago.

		Temasek to hold on to stakes in Chinese banks This is despite a possible economic slowdown and the ongoing interest rates reform.


>> OFFICE

		Salary gap widens between conglomerates and small firms The average annual salary of new employees to be hired in the latter half this year will be increased by 5%.

		Employers can now make monthly claims for maternity leave From Aug 2, employers and self-employed women will be able to make monthly reimbursement claims for Government Paid Maternity Leave (GPML).

		'Strikingly' few women in Asia's top jobs: report Women on average account for only six per cent of board seats compared to 17 per cent in Europe.

		Most professionals careful about online image: Poll 69 per cent felt that it is important to maintain a good image online. -AsiaOne

		More firms here keen to see what staff post online There is concern over security breaches and incidents.


>> SME CENTRAL

		SMEs told to gear up for fight Thai SMEs are competitive in 16 industries.

		Suntory proposes to privatise Cerebos Pacific Limited The Singapore-listed company is known for producing Brands Essence of Chicken. -AsiaOne

		SMEs can get help with social media use Workshop aims to help SMEs with social media for effective branding and communications through hands-on practical workshops.

		3 in 4 banks and finance companies outsource functions overseas Transactional roles are being outsourced due to shortage of skills and cost savings.

		China to relax conditions for SMEs to list in Hong Kong Hong Kong will encourage qualified financial institutions to form joint ventures with mainland partners. -Reuters

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