840 stories in this topic
Between April and June of this year, Singapore experienced a significant wave of layoffs, with approximately 4,500 workers losing their jobs. This figure represents the highest rate of retrenchment in over five years, showing a 17% increase from the prior…
DFI Retail Group has announced a substantial surge in profits for the first half of the year, with all its subsidiaries showing positive sales growth for the period. The company’s underlying profit from ongoing operations leapt by 44 per cent, reaching an…
FedEx Corporation, a major global express transportation company, is intensifying its support for businesses in the Asia Pacific (APAC) as they gear up for the forthcoming compulsory U.S. Consumer Product Safety Commission (CPSC) e-filing requirements, which…
Nestlé has revealed plans for a significant reorganization of its worldwide water division through a new collaborative endeavor with the private equity company, Platinum Equity. This move will see both Nestlé’s water and premium beverage businesses…
Standard Chartered has increased its projection for Vietnam’s economic growth in 2026 to 9.5%, a considerable increase from its previous estimate of 7.2%. This revision comes on the heels of Vietnam’s robust economic performance in the first half of the year,…
Saxo, a leading digital broker, has named Gift Muthita Anankaphannan as their new Regional Head of Institutional Business for Asia-Pacific, in a move to strengthen their foothold in a prime market. Anankaphannan will be based in Singapore, and her role will…
OCBC, Singapore’s second-largest bank, is amplifying its efforts to harness the expanding economic ties between Greater China and Southeast Asia. This new endeavor sees the bank forming a strategic partnership with two prominent business chambers, the…
Alibaba, the Chinese tech behemoth, has announced that its projected artificial intelligence (AI) investment over the next triennium will surpass the initial estimation of 380 billion yuan (US$55.96 billion). This decision has been driven by promising…
Unilever, a multinational consumer goods corporation, has confirmed that it is in discussions with McCormick & Company regarding the potential sale of its food division. The company has made this admission in response to ongoing rumours about the possible…
In the fourth quarter, Misto Holdings, the parent company of Fila, Titleist and FootJoy, announced an increase in sales growth following a restructuring of its U.S. operations. The firm, based in South Korea, saw a 6.3% year-on-year boost in revenue during…
FedEx, a leading global express transportation company, has recently disclosed significant insights from its Asia Pacific (APAC) research. The study examines consumer and business perspectives on sustainability and international trade, spotlighting key areas…
Amid numerous business closures, the restaurant industry in Singapore is urging the government for additional labor cost subsidies and measures to control excessive rental hikes for the food and beverage sector. This appeal was recently put forward by The…
DFS, the global luxury travel retailer owned by LVMH and co-founder Robert Miller, has announced that it will sell its retail business across Greater China to the China Tourism Group (CTG) Duty Free. The deal includes the acquisition of DFS’ businesses in…
Yum China, recognized as the chief operator of Pizza Hut on the Chinese mainland, has recently launched two independent V Burger locations in Futian and Longhua districts in Shenzhen. This move establishes the brand’s inaugural foray into the dedicated burger…
Jollibee Foods Corp, a major player in the foodservice industry, has announced its intention to separate its international operations from its existing company structure. This significant move involves setting up a new, independent entity, which will be…
Ho Chi Minh City (HCMC), Vietnam’s largest city, has outlined ambitious economic goals for the year ahead. The city plans to increase its per capita income by 12%, bringing it to $9,800, a figure that is twice the national average. This is a significant…