Pay cuts, voluntary unpaid leave at SATS amid Covid-19
AIRPORT and food services provider SATS has slashed pay for its management team and is letting staff opt for voluntary early retirement and voluntary unpaid leave as pressure mounts from the...
CapitaLand, SMRT join wage-saving moves
JUST days after Singapore state investment firm Temasek announced a wage freeze and voluntary senior management pay cut, property giant CapitaLand and SMRT Corp said they are also slashing wages...
Sheng Siong Q4 profit flat at S$17.4m; new stores important source of revenue growth
HEARTLAND supermarket operator Sheng Siong on Thursday posted a fourth-quarter net profit of S$17.4 million, down 0.4 per cent from S$17.5 million in the same period a year earlier.
ComfortDelGro increases taxi rental rebates by another S$10m
COMFORTDELGRO Taxi is providing beleaguered cabbies with about S$10 million in rental rebates till the end of April 2020, over and above the S$18 million package which was announced last week, it...
Hotel, retail complex impacted by Covid-19: Bund Center Investment
BUND Center Investment said on Wednesday that business at its six-storey Golden Center retail complex in Ningbo and the five-star Westin Bund Center Shanghai has been impacted by the Covid-19...
Hard to meet product delivery schedules due to Covid-19: Valuetronics
VALUETRONICS said on Wednesday that its factories at Huizhou in China's Guangdong province resumed operations this week, though some workers have been unable to return to work.
Sing Holdings posts 305% jump in 2019 earnings of S$45.4m
MAINBOARD-LISTED property development and investment group Sing Holdings made a net profit of S$45.4 million last year, up 305 per cent from S$11.2 million in 2018.
'Sustained negative impact' from Covid-19 could hurt Japan hotel business: IPC
PROPERTY investment firm IPC Corp said on Tuesday that the Covid-19 outbreak has negatively impacted the business of Nest Hotel Japan Corporation (NHJC), in which IPC owns preference shares.
Wuhan virus likely to have 'much wider and deeper impact'
THE Wuhan virus outbreak is likely to have a much wider and deeper impact on the world economy than the severe acute respiratory syndrome (Sars) episode of 2003, and Singaporeans need to be...
Deep tech, clean tech bring the cool to CES
THEY call it a microwave, but for cooling. Place a bottle of soda in the new drink cooler designed by deep tech firm Matrix and in 60 seconds, it's ice cold. A bottle of champagne can be chilled...