Posts by Yurie Miyazawa
Sri Trang Agro-Industry swings back to black with Q4 profit of 854.3 million baht
RUBBER group Sri Trang Agro-Industry swung to a net profit of 854.3 million baht (S$34 million) for its fourth quarter ended December, from a net loss of 422 million baht in the previous corresponding period. The improvement in bottom line came amid higher contributions from the group’s natural rubber and gloves business segments, said Sri…
Read MoreThai Airways set to emerge from debt with plan to double fleet
FIVE years after Thai Airways International filed for bankruptcy protection, the state-controlled carrier’s court-appointed debt administrator Piyasvasti Amranand is planning an aggressive international expansion. Called out of semi-retirement in 2020 by Thailand’s then-Prime Minister Prayuth Chan-Ocha, Piyasvasti was asked to take the controls of the airline and devise a rescue after the carrier had posted…
Read MoreDelta plane flips on landing at Toronto airport, injuring eight
EIGHT people were injured when a plane carrying 80 passengers flipped as it landed at Toronto Pearson International Airport on Monday (Feb 17), officials said. Toronto’s Pearson Airport said earlier on Monday it was dealing with high winds and frigid temperatures as airlines attempted to catch up with missed flights after a weekend snowstorm dumped…
Read MoreDelta plane flips upside down at Toronto airport, injuring 18
A DELTA Air Lines regional jet flipped upside down upon landing at Toronto Pearson Airport on Monday (Feb 17) amid windy weather following a snowstorm, injuring 18 of the 80 people on board, officials said. Three people on the flight that originated at Minneapolis-St Paul International Airport suffered critical injuries, among them a child, authorities…
Read MoreAoxin Q&M’s largest shareholder calls for EGM to oust executive director
Mainboard-listed Q&M Dental Group (Singapore) holds some 32.78% of Catalist-listed Aoxin’s shares AOXIN Q&M Dental Group’s largest shareholder on Monday (Feb 17) called for the Catalist-listed company to hold an extraordinary general meeting to remove its executive director, Ong Siew Hwa. The company received a requisition notice from Ng Chin Siau, a non-executive and non-independent…
Read MoreSingapore’s financial sector looks to internal hiring, reskilling and flexible structures to fill manpower gaps
AMID high-profile layoffs that have hit some global banks, financial-services firms are still grappling with a shortage of good talent. And increasingly, they are looking at hiring from within, reskilling their employees and using more flexible leadership structures, market players say. “Banks are increasingly opting for alternative strategies to retain experienced talents,” Charnele Tan, assistant…
Read MoreSIA Group logs 8.6% growth in January passenger traffic on Chinese New Year travel rush
NATIONAL carrier Singapore Airlines (SIA) and its low-cost arm Scoot carried more passengers and cargo in January 2025 compared with the same period a year ago, according to SIA Group’s latest operating update released on Monday (Feb 17). Last month, group passenger traffic rose 8.6 per cent year on year, outpacing a capacity increase of…
Read MoreFurlough vs. Layoff: What’s the Real Difference?
When businesses face economic challenges, they often have to make tough decisions about their workforce. Two common approaches are furloughs and layoffs, but they’re not the same. Understanding the difference between furlough and layoff is important for both employers and employees to navigate these situations effectively. In this article, we’ll break down what sets these…
Read MoreShein faces investor pressure to slash valuation to US$30 billion: sources
FAST-fashion retailer Shein is under pressure to cut its valuation to about US$30 billion, according to people familiar with the matter, having in the past been valued at more than three times that amount. Shein shareholders are suggesting that an adjustment is needed to help get its potential initial public offering in the UK…
Read MoreBain Capital ends acquisition battle with KKR for Fuji Soft
US private equity firm Bain Capital said on Monday (Feb 17) it will not launch a tender offer for Fuji Soft, formally ending a takeover battle with rival KKR for the Japanese IT company. Bain had said last week it might withdraw its proposal for Fuji Soft, after KKR raised its offer above Bain’s in…
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