Maybank Kim Eng lays off 5% of its Singapore workforce

Maybank Kim Eng, the investment banking and securities broking arm of Malaysia's largest bank, has laid off five per cent of its Singapore workforce as part of its latest restructuring efforts. Analysts said the economic slowdown has not only affected brokerage firms but disrupted their business models too.

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[jameslim]

Unemployment rising in Singapore. Recession is on the horizon. All these is because PAP mismanaged the economy, distorting markets with their bad policies.