Source : Today - 13 Feb 2009
AS air traffic falls, more than$60 million has been set aside to give retailers at Changi Airport a much needed lift.
The Civil Aviation Authority of Singapore (CAAS) will provide a rental relief package - $43 million in rebates and $20 million for a newly set up “Promotions Development Fund” - for retail, F&B and services concessionaires to help them remain viable, Senior Minister of State (Transport) Lim Hwee Hua said yesterday.
Last December, some $130 million was set aside to entrench airlines at Changi, which is expected to welcome 8.5 per cent fewer passengers and 5.1 per cent less in air cargo this year, according to Mrs Lim.
She also updated Parliament on CAAS’ corporatisation exercise. The organisation will be split operationally into a private company and a regulator in April. The legal separation is set for July.
Addressing MPs’ concerns about layoffs, Mrs Lim reiterated that the exercise is “not a cost-cutting” one, but would in fact create more jobs.
“No retrenchment of staff is thus expected,” she said. “All staff will join the new company and new Civil Aviation Authority on ‘no worse-off’ terms at the point of transfer.”
1 comment:
Hello Everybody,
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of $250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of $250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.
Post a Comment