Naiise exits Design Orchard, halves headcount
FOLLOWING a series of cost-cutting measures which included layoffs, design retailer Naiise is now withdrawing prematurely as the operator of Design Orchard's retail showcase, with the Textile and...
Utico, Johnny Widjaja unveil separate moves to woo Hyflux creditors, debt holders
UTICO has revised once again its proposed rescue package for Hyflux, this time by promising a bigger sum for creditors.
Hyflux gets new S$485m cash, stock offer from Utico
UTICO has again revised its proposed rescue package for Hyflux, this time promising a bigger return to creditors.
Corporate debt defaults spike in Jan-May this year, exceeding 2019 total: Fitch Ratings
GLOBAL corporate defaults have seen a "dramatic increase" as the economic crisis from the coronavirus pandemic dealt a body blow to companies around the world, Fitch Ratings said.
Banyan Tree to open farm, restaurant in Thailand with The Boutique Farmers
BANYAN Tree Group has formed a joint venture with Thai sustainable growers The Boutique Farmers to develop a gourmet organic farm and restaurant in Chiang Mai.
Hyflux appoints new lead independent director
HONG Pian Tee on Tuesday joined Hyflux's board and took over as its lead independent director.
7 workplaces told to stop operations for safe-management lapses: MOM
THE Ministry of Manpower (MOM) has issued 52 composition fines of S$1,000 each to Singapore employers for failing to comply with safe-management requirements at their workplaces, as at 5pm on...
Utico says it's been approached by potential partners for Hyflux deal
TWO parties are looking to acquire shares in Utico. If successful, the deal could value the United Arab Emirates-based utilities group at up to US$1.5 billion.
Hyflux suitor Utico says two parties eyeing its shares
TWO interested parties are looking to acquire shares in Utico, and if successful, the deal could value the United Arab Emirates-based utilities group at up to US$1.5 billion.
Lotte takes over Changi Airport's duty-free liquor, tobacco stores
CHANGI Airport on Tuesday welcomed South Korean travel retailer Lotte Duty Free as its new key liquor and tobacco concessionaire, replacing...