Treasury approves bonus payments for SOE staff
The Treasury has approved the payment bonus for 2019 for the employees of state-owned statutory bodies and fully state-owned companies.
In a media statement today (12 Dec) the Ministry of Finance said that the Treasury has issued a circular in this regard to all Secretaries to Ministries, Heads of fully State-owned Companies and Chairmen of all State-Owned Enterprises (SOEs)
The statement further said that the SOEs eligible to pay bonuses have been further advised to pay bonuses for 2019 to all staff based on the financial report of their financial year 2018.
The bonus of 2019 will be subject to payment of all statutory payments made by the respective SOEs, even though if there is no board of directors appointed to them.