Are employees working for DBS considered civil servants?

durai SG

Someone from overseas actually shared with me his thoughts on this issue. He thinks that employees working in DBS are actually considered civil servants. I was initially indignant on this issue. How can that be? Well, this is what he said:

Although DBS is listed in SGX, the majority shareholder is still Temasek(maybe even together with GIC). Since Temasek is controlled by the govt, doesn't it make sense that employees working for DBS are working for the govt? If that is correct, then DBS employees are also a form of civil servants.

If this is correct, then Sembcorp, Keppel, Singtel, etc... all the mega companies' employees are all considered a form of sivil servants right? Ha ha, then S'pore can truly be considered the country with the most civil servants in the world!!

FireIce SG

their pay come from our taxes?

euphratis SG

is it? Shocked . den actually no overhead for P/L so why still cannot make tonnage of $$$? still so poor performance? someone's head must roll man...

Salman SG

They are not civil servants. How can?

dragg SG

Originally posted by durai:
Someone from overseas actually shared with me his thoughts on this issue. He thinks that employees working in DBS are actually considered civil servants. I was initially indignant on this issue. How can that be? Well, this is what he said:

Although DBS is listed in SGX, the majority shareholder is still Temasek(maybe even together with GIC). Since Temasek is controlled by the govt, doesn't it make sense that employees working for DBS are working for the govt? If that is correct, then DBS employees are also a form of civil servants.

If this is correct, then Sembcorp, Keppel, Singtel, etc... all the mega companies' employees are all considered a form of sivil servants right? Ha ha, then S'pore can truly be considered the country with the most civil servants in the world!! [b][/b]

these listed companies are not govt owned, just linked.

they are certainly not considered as civil servants.

meleagent SG

The government has vested interest in DBS but i highly doubt that qualifies DBS employees as civil servants

shade343 SG

Temasek Holdings holds a substantial stake in those companies. But those companies are regeistered as a Private Limited company. and besides they take pay from the company.

fkh SG

No, DBS belong to Private Sector..

Although, Govt dominate the DBS thru broad of directors nominated by govt, govt don't control nor give directive to DBS employees.

Directors employed its bank managers, clerks thru their own means, not Civil Service way..

I think your friend thought DBS is the central bank..

But the Central Bank is Monetary Authority of Singapore(MAS) which is the Statuory Board under Ministry of Finance...

ObviousMan SG

GLCs means that there is ONE COMPANY TO RULE THEM ALL mah.
Why else you think Ho Queen so POWERFUL?

Icemoon SG

I think only those directly under the Ministries are considered civil servants.

So SAF soldiers under MINDEF are civil servants. That's why NSF outpatient fee at polyclinics and hospitals are free.

ObviousMan SG

Right, they are not civil servants, as in their pay not from the govt.
But being GLCs, you can be sure that the higher management is sort of linked to the govt. POSB was not given to DBS without consideration lah.

durai SG

If the govt is the major shareholder, do you suppose it is just linked? Linked would mean that there probably is a small percentage owned by the govt, but if it is majority owned, how can it be considered just linked?

durai SG

He did not think that DBS was the central bank. It's just that if the govt is the majority shareholder, doesn't it make the govt employing DBS staffs? I mean, it not that direct, but if you think about it, it makes sense.

Take for example if you are the majority shareholder of ABC company. Doesn't the employees of ABC company call you their BIG BOSS? If that is correct, then my friend's assumption is correct.