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Business

Hyflux CEO grilled over being paid S$60mil in dividends while firm resorted to seeking protection from creditors

Troubled water treatment firm Hyflux’s Board of Directors, through its founder and executive chairperson Olivia Lum, were grilled by the Securities Investors Association Singapore (SIAS) over her apparent lack of participation in restructuring efforts despite receiving a payment of more than S$60 million in dividends from her 34 per cent ordinary shareholding in the firm. A statement by SIAS written on Friday …

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Three reasons your startup should hire an intern

by ValueChampion Do you think an intern could help you get your startup off the ground? Here are 3 reasons you should consider hiring an intern and a few others to make you think twice about this move. Growing a small business can be an arduous endeavor. Not only do business owners need to create, market and sell their product, they …

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CCCS issues Infringement Decision against the exchange of commercially sensitive information between competing hotels

An Infringement Decision (“ID”) against the owners or operators of Capri by Fraser Changi City Singapore, Crowne Plaza Changi Airport Hotel, Village Hotel Changi, and Village Hotel Katong, was issued for infringing section 34 of the Competition Act (Cap. 50B) by exchanging commercially sensitive information in connection with the provision of hotel room accommodation in Singapore to corporate customers. The hotels were …

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Singapore Ranked Eighth in Global Government EPayments Adoption: Visa Study

Singapore ranks eighth among 73 countries in the 2018 Government E-Payments Adoption Ranking (GEAR). GEAR is an Economist Intelligence Unit (EIU) global index and benchmarking study commissioned by Visa, which ranks governments by quantifying their e-payment capabilities based on various indicators such as policies and infrastructure. The EIU evaluates the extent to which major countries around the world have enabled …

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Hawkers to receive same-day NETS sales proceeds

The same-day settlement for hawkers every day to enable hawkers to receive their sales proceeds in their bank account via NETS transactions on the same business day and give them faster access to their funds and improving cash flow has been launched on Thursday (17 January). NETS stated in its press release that no special arrangements are required to enjoy the …

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Daniel Thong: “You know an industry is broken when the government has to step in to tell the industry to pay their workers at least S$1000 a month.”

An industry is considered "broken" when the government needs to intervene in order to get employers to pay their workers "at least S$1000 a month", according to co-founder of co-founder of cleaning start-up Nimbus Daniel Thong, and "cleaning is broken in this industry". Referring to what Temasek Holdings chairman and former labour chief Lim Boon Heng said earlier in the same roundtable discussion …

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Nine Thai companies recognised as outstanding brands winners at the Influential Brands® 2018 Ceo Asia Summit in Singapore

Influential Brands®, a think-tank research and business organisation which identifies, engages and recognises "The Champions of Excellence" throughout Asia, has named and recognised nine Thai companies as deserving winners at the 2018 Thailand's Outstanding Brands. The winners were judged not only on their outstanding success in its own category, industry or domain, but also on their significant growth in the past few years. Some of the key …

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DHL survey finds companies in Asia Pacific place more importance on green transport than other regions

The latest research report on ground transportation logistics by DHL, the world's leading logistics company, has revealed that companies in Asia Pacific place more importance on green transport than other regions do. The global survey found that a whopping 75% of respondents from the region believe electric vehicles will have a significant impact on transport in the next two years, …

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Government Supported Financing Schemes for SMEs

Running a SME in Singapore is challenging. High rental costs, tight manpower market and no easy access to bank financing are some of the pertinent challenges most SME owners face when trying to scale their operations. Heading into the last quarter of 2018, the economic outlook for 2019 is still murky with the prospects of the US-China trade war looming …

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GOJEK launches beta ride-hailing app in Singapore

DBS/POSB customers in Singapore will be the first to enjoy GOJEK rides during the beta phase Consumers in Singapore hungry for more ride-hailing choices will finally get to try GOJEK’s service with the launch of the beta version of its app, which will be made available for download from iOS and Android app stores in Singapore today. This marks the …

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