THE following companies saw new developments that may affect trading of their securities on Wednesday:Singapore banks are sticking to staffing plans made earlier in the year, including their commitments to retain jobs till the end of 2020. But they are actively managing staff costs as Singapore remains in the throes of its worst recession. It comes as UOB has instituted a wage freeze at this point.
Separately, The Business Times reported on Wednesday that analysts are keeping faith with UOB's organic wealth management play. UOB closed at S$19.42 on Tuesday, up S$0.05 or 0.3 per cent, DBS finished at S$20.35, down S$0.11 or 0.5 per cent, while OCBC closed flat at S$8.56.The national carrier is laying off its cadet pilots and cabin crew trainees as part of the 2,400 staff it is letting go in Singapore and abroad, under its retrenchment exercise. SIA shares closed at S$3.
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