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GLITTERING START, LIFE NEWS & TOP STORIES 5 hours ago · Besides the Beautiful Creatures exhibition, the halls include highlights such as the Singing Stone, which was part of the 1893 World's Fair in Chicago. Dug from a mine in Bisbee, Arizona, it

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MUST-READS, SINGAPORE NEWS & TOP STORIES 5 hours ago · Singapore will relax restrictions on social gatherings in a two-step process from Monday, when people will be allowed to gather in groups of up to five.. Read more at straitstimes.com. RECOVERED COVID-19 PATIENTS TO GET ONE VACCINE DOSE TO SINGAPORE - People who have recovered from Covid-19 and with more than six months since their infection will get priority for a single-dose

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THAILAND BEGINS MASS COVID-19 VACCINE ROLL-OUT AS TOURISM Thailand is ramping up its pace of vaccine roll-out to contain the country's worst wave of infections that began in April, causing a sixfold jump in cases and a surge in Covid-19 deaths. New WE'VE NOTHING TO LOSE: YOSHIDA, FOOTBALL NEWS & TOP Despite the Lions being outclassed in their last two World Cup qualifiers, Tatsuma Yoshida wants his men to stick to his philosophy when they meet hosts Saudi Arabia today.. Read more at TAPPING TECH, STYLE NEWS & TOP STORIES 5 hours ago · In the global race to rapidly digitalise retail, the fashion and beauty industry has turned to new innovations in technology.. Read more at straitstimes.com. ON SOCIAL MEDIA, ENTERTAINMENT NEWS & TOP STORIES 5 hours ago · IN A VACUUM: Former television host and actress Sharon Au, who has lived in Paris for almost three years, is keeping her promise to her mother to see her every year.. Read more at

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The Straits Times - Get latest breaking news, business, sports, lifestyle, tech & multimedia and more news in Singapore, Asia & rest of the world at straitstimes.com. MUST-READS, SINGAPORE NEWS & TOP STORIES 5 hours ago · Singapore will relax restrictions on social gatherings in a two-step process from Monday, when people will be allowed to gather in groups of up to five.. Read more at straitstimes.com. TAPPING TECH, STYLE NEWS & TOP STORIES 5 hours ago · In the global race to rapidly digitalise retail, the fashion and beauty industry has turned to new innovations in technology.. Read more at straitstimes.com. NEXT 48 HOURS, SPORT NEWS & TOP STORIES French Open Day 12 (Singtel TV Ch114 & StarHub Ch208, 5.50pm & 8.30pm).. WTA Tour. Nottingham Open: Day 5 (StarHub Ch201, 7pm). WE'VE NOTHING TO LOSE: YOSHIDA, FOOTBALL NEWS & TOP Despite the Lions being outclassed in their last two World Cup qualifiers, Tatsuma Yoshida wants his men to stick to his philosophy when they meet hosts Saudi Arabia today.. Read more at THAILAND BEGINS MASS COVID-19 VACCINE ROLL-OUT AS TOURISM Thailand is ramping up its pace of vaccine roll-out to contain the country's worst wave of infections that began in April, causing a sixfold jump in cases and a surge in Covid-19 deaths. New OLYMPICS: DOUBLE ROWING CHAMPION MAHE DRYSDALE RETIRES NEW ZEALAND (REUTERS) - New Zealand's double Olympic rowing champion Mahe Drysdale announced his retirement from the sport on Thursday (June 10) after the 42-year-old missed out on selection for 550 CASES OF DELTA VARIANT IN S'PORE AT END-MAY, HEALTH As at the end of May, 550 Covid-19 cases in Singapore were infected with the Delta variant of the coronavirus first detected in India. This figure comprises 428 local and 122 imported cases, the DARK CLOUDS LOOM OVER COPA AMERICA, FOOTBALL NEWS & TOP SAO PAULO • New doubts gathered on Tuesday over the Copa America five days from kick-off, as Brazil's Supreme Court agreed to consider

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SAKKARI SAVOURS MILESTONE VICTORY, TENNIS NEWS & TOP PARIS • Maria Sakkari wanted to "enjoy the moment" and true to her words, she could not hide her joy after beating defending champion Iga Swiatek 6-4, 6-4 to become the first Greek woman to

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MINDSVILLE@NAPIRI AND OTHER COVID-19 CLUSTERS IN S’PORE A new Covid-19 cluster has emerged at the MINDSville @ Napiri home in Hougang, with at least 27 cases. Here's a closer look at all active clusters in Singapore. COVID-19: TRACKING THE GLOBAL RACE TO VACCINATE Which are the countries that have rolled out Covid-19 vaccines? Track the progress of the global vaccine drive. AUSTRALIA CAN GET ENOUGH PFIZER COVID-19 VACCINES BY END CANBERRA (BLOOMBERG) - Australia's government is promising enough Pfizer vaccines to have all Australians vaccinated by the end of 2021,

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SINGAPORE’S BEST EMPLOYERS 2021 Singapore’s Best Employers 2021 is based on a vast and comprehensive research project comprising tens of thousands of evaluations, the opinions of thousands of employees and the scores for AS CONFUSION REIGNS, MALAYSIA STILL CHASING EFFECTIVE KUALA LUMPUR - This time last year, Malaysia began to reintroduce social activities while interstate travel came a month later, after what was heralded as a swift and effective response to the SINGAPORE’S CABINET RESHUFFLE: KEY CHANGES AND NEW Prime Minister Lee Hsien Loong has announced changes to Singapore’s Cabinet line-up. Here’s a look at the key appointments and new

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CORONAVIRUS: TEMASEK FREEZES STAFF SALARIES FROM APRIL TO RAISE FUNDS

A screengrab

from Temasek's Stay Prepared video on Twitter involving staff preparing hand sanitisers for front-line workers.PHOTO:

TEMASEK/TWITTER

Published10 hours ago

Updated5 hours ago

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Jean Iau

jeaniau@sph.com.sg

National investment firm Temasek will be freezing the salaries and promotion increments of its staff from April to help raise funds for people affected by the coronavirus outbreak

.

In addition to these freezes, senior management, which includes managing directors and above, can take a voluntary base salary cut of up to 5 per cent, for up to a year. Temasek said yesterday that the budget originally set aside for employees' salary increases will be donated to T-Touch, Temasek's staff-volunteer initiative, to support communities, both locally and abroad, when needed during this time. The voluntary base salary reductions from senior management will also be donated, and matched dollar-for-dollar by Temasek. On top of these actions, senior management will additionally take a partial cut in their annual bonuses this year. These will not go directly to T-Touch, but will be held by Temasek as a contingent expense, to be used for future community-related efforts to support those affected by the virus. The various funds collected from these measures will go towards Temasek's ongoing initiatives, which recently have included preparing and repackaging hand sanitisers for front-line workers, such as those in healthcare, transport, security and education

.

CORONAVIRUS: DON'T MISS ALERTS ON THE OUTBREAK Get e-mail updates from The Straits Times.

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By signing up, you agree to our Privacy Policy and Terms and Conditions. The Straits Times understands that the salary reduction exercise is not in reaction to the performance of Temasek's investments, but rather a move to stand alongside its companies and the community

during this period.

The move is also for the investment firm to exercise restraint and prudence in view of the coronavirus situation.

CORONAVIRUS MICROSITE: GET LATEST UPDATES, VIDEOS AND GRAPHICS Temasek has implemented similar salary reductions in the past, such as during the Sars outbreak and the global financial crisis. It is believed that Temasek will not be directing its portfolio companies to follow suit in its salary reductions, although some have introduced similar restraint measures. CORRECTION NOTE: In an earlier version of the article, Temasek said any salary freeze would typically occur for a year as salaries were reviewed annually. The company has clarified that it has not set a date for the end of the current freeze. This will depend on market

conditions.

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'CRAZY AUNTIE' AND SECRETIVE CHURCH AT HEART OF SPIKE OF CORONAVIRUS CASES IN SOUTH KOREA

CORONAVIRUS MAY BE THE 'DISEASE X' HEALTH AGENCY WARNED ABOUT

WUHAN WOMAN WITH NO SYMPTOMS INFECTED FIVE RELATIVES WITH CORONAVIRUS:

STUDY

GRACE ASSEMBLY CHURCH SENIOR PASTOR RECOVERS FROM CORONAVIRUS Have a question on the coronavirus outbreak? E-mail us at

askst@sph.com.sg

To get alerts and updates, follow us on Telegram. A version of this article appeared in the print edition of The Straits Times on February 25, 2020, with the headline 'Coronavirus aid: Temasek freezes staff salaries from April for a year'. Print Edition | Subscribe

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