News
UPS, Amazon fuel US planned layoffs in January, Challenger survey shows
4+ hour, 34+ min ago (410+ words) Announced layoffs are 118% higher compared with January 2025 [WASHINGTON] Layoffs announced by US employers surged in January amid losses of business contracts and an uncertain economic environment, marking the highest level for the month in 17 years, a survey showed on Thursday…...
High Court orders winding-up of TT International
1+ week, 1+ day ago (342+ words) The liquidation marks the end of a long and complex chapter involving the group and Big Box mall [SINGAPORE] The High Court has ordered consumer electronics trader TT International to wind up its operations, following an application by OCBC in…...
Forward guidance: Why it matters and how to get it right
2+ week, 6+ day ago (970+ words) With clear communication on anticipated earnings and business strategies, listed companies can signal confidence and build credibility [SINGAPORE] Investors do not just focus on a company's past performance; they also buy into its future. In a market where confidence drives…...
Private-hire car rental company Lumens ends leases early for around 100 drivers
4+ week, 16+ hour ago (15+ words) Private-hire car rental company Lumens ends leases early for around 100 drivers'The Business Times...
Ship rates spiking 467% marks upended trade across commodities
2+ mon, 1+ day ago (523+ words) Freight costs typically dip at year-end due to seasonal weakness in demand [HONG KONG] Rates to ship commodities from energy to bulk ores across the world's oceans are heading for a rare year-end surge as conflicts, sanctions, and swelling output…...
Trump approves expanding credits for US auto production, issues new 25% truck duties
3+ mon, 2+ week ago (557+ words) The US president is also setting a 10% tariff on imported buses [WASHINGTON] US President Donald Trump on Friday (Oct 17) signed orders expanding credits for US auto and engine production and setting new 25 per cent tariffs on imported medium- and heavy-duty…...
FairPrice Group to be first to use autonomous vehicles in public for supply chain operations
3+ mon, 4+ week ago (489+ words) The group says it will now be able to automate "important but routine tasks" such as the transportation of goods [SINGAPORE] FairPrice Group (FPG) on Wednesday (Oct 8) announced that it has received approval from the Land Transport Authority (LTA) to…...
BlueSG lays off staff ahead of operations pause to revamp app and fleet
6+ mon, 1+ day ago (976+ words) The company says it is operating with "a core team; it plans to relaunch in 2026 with more pick-up and drop-off points and newer vehicles [SINGAPORE] BlueSG on Monday (Aug 4) announced that it has laid off staff ahead of a pause…...
Ship piracy, robberies rise 83% in South-east Asia in Jan-June, anti-piracy group says
6+ mon, 3+ week ago (421+ words) [SINGAPORE] There were 95 piracy and armed robberies against ships in Asia from January to June this year, an 83 per cent increase compared to the same period last year, according to data from the Information Sharing Centre of intergovernmental anti-piracy group…...
Del Monte Pacific expects capital deficit from write-offs of US unit’s bankruptcy
6+ mon, 4+ week ago (328+ words) Its equity investment in Del Monte Foods and receivables due from the unit are expected to be subject to impairment [SINGAPORE] Del Monte Pacific expects to record a capital deficit on its balance sheet from write-offs in relation to its…...