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KPMG Australia said on July 30 it made no decision on job cuts after reports suggested the firm plans to eliminate 1,000 positions. A spokesperson said, "We are reviewing our operating model, cost base and workforce needs." The firm faces intense scrutiny following a scandal involving misuse of confidential client data.
Far East Hospitality Trust posted a distribution per stapled security of S$0.0163 for the first half ended Jun 30, down 8.4 per cent. Managers said, "Singapore's hospitality sector is supported by a pipeline of major leisure, entertainment and Mice-related events." Revenue rose to S$53.8 million, but the distribution will be paid Aug 28.