Renowned ‘The Business Show’ makes its way to Singapore in August 2023

Singapore will host ‘The Business Show’ Singapore 2023 on August 30-31, a prestigious event offering networking, expert insights, and innovation showcases for entrepreneurs and business leaders. Register now for your free ticket.

Singapore Airlines CEO receives 88% pay rise following record profits

SIA CEO, Goh Choon Phong, sees an 88% salary rise to S$6.73 million after the airline’s record profit rebound.

News publishers face declining Facebook referrals amid Meta’s shift from news

Facebook’s referral traffic to news publishers has seen a significant decline due to possible algorithm changes and ongoing legal disputes regarding remuneration for news content.

What is the matter with Singapore electricity market?

Opinion: The deregulation of Singapore’s electricity market has led to concerns over power price volatility and potential profiteering. The recent dramatic increase in wholesale electricity prices, due to a convergence of factors including fuel costs and gas supply shortages, has raised questions about the market’s sustainability and fairness.

Singapore Airlines reigns as World’s Best Airline at 2023 World Airline Awards

Singapore Airlines celebrates its fifth victory as the World’s Best Airline at the prestigious 2023 World Airline Awards. Qatar Airways secures the second position, while All Nippon Airways, Emirates, and Japan Airlines follow closely in the global rankings.

Grab Holdings to cut 11% of workforce amid strategic reorganisation efforts

“Grab Holdings is cutting 11% of its workforce, a strategic reorganisation to adapt to rising capital costs and rapidly evolving technology, according to CEO Anthony Tan.

DHL Express advances sustainability agenda with the launch of electric vans in Indonesia

DHL Express is electrifying its fleet in Indonesia with 24 new electric vans, aimed at reducing 177 tons of carbon emissions annually, furthering the company’s commitment to sustainable operations.

Will Sheng Siong get a free pass for breach of listing rules?

Sheng Siong’s non-compliance with Singapore Stock Exchange’s listing rules, which require a majority of Independent and Non-Executive Directors on the board, has raised questions on regulatory oversight. Sheng Siong maintains its current board composition is adequate given its size. Pat Low asks if Singapore is to accept “ownself check ownself” in the corporate world, emulating what the Singapore Government does.

Singapore dollar hits record high of S$1 to RM3.46 against ringgit on Thursday

The Singapore dollar reached a new high of S$1 to RM3.46 against the ringgit on Thursday (15 June), signifying an almost 8.5% depreciation of ringgit from last year. The ringgit also weakened against the USD, falling 4.7% compared to a year ago.

TikTok to spend billions in SE Asia as e-commerce move pays off

TikTok’s CEO Shou Zi Chew announced plans to invest billions in Southeast Asia, riding on the success of the company’s e-commerce branch, TikTok Shop. In just a year, TikTok Shop has made significant market share gains in the region, amassing a gross merchandise value of $4.4 billion in 2022 from $600,000 in 2021. The growth has been attributed to the app’s captive audience and aggressive expansion in markets with large TikTok user bases.