Daily Briefing: No takers for 1,000 F&B jobs; Construction contract deadlines extended by 4 months

And COE prices close lower in latest bidding exercise.

From ChannelNewsAsia:

Some restaurants have been on the lookout for workers to fill about 1,000 positions as business picked up with the return of dine-in services, but for more than a month, there have been no takers.

These positions were made available as early as 14 September, when Trade and Industry Minister Chan Chun Sing said that the Restaurant Association of Singapore (RAS) is working with its members to provide more than 1,000 job opportunities to retrenched staff from Singapore Airlines (SIA).

According to the RAS on 30 October, none of the positions offered has been taken up.

The jobs cut across front-end and back-of-house roles which include service crew, kitchen helpers, chefs, and managers, it added.

Salaries range from $1,300 to $7,000 a month.

Read more here.

From PropertyGuru:

A bill passed in Parliament on 3 November extended the deadline of all construction contracts by four months due to COVID-19’s impact on the construction sector, reported TODAY.

Homebuyers can also seek reimbursement from developers, including the Housing and Development Board (HDB), for out-of-pocket costs due to construction delays, such as when they would have to rent a place for a longer period.

Private property buyers can be reimbursed by up to 70% of the liquidated damages payable in the purchase agreement.

For HDB flats buyers, the formula is 10% per year of 60% of the new flat price.

Any disputes arising from reimbursement claims will be resolved by an independent assessor.

Read more here.

From ChannelNewsAsia:

Certificate of Entitlement (COE) premiums closed lower in the latest bidding exercise on 4 November.

For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at $35,990, down from $37,334 in the last exercise.

Premiums for larger and more powerful cars in Category B fell to $39,000 from $40,990.

COEs for commercial vehicles, which include goods vehicles and buses, fell to $31,502 from $33,778 in the previous bidding exercise.

Motorcycle premiums closed at $7,251, down from $7,300 in the last exercise.

Read more here

Visit Singapore Business Review website for other stories.

Your rating: MagBe