Cost
Freeport warns copper export ban could cost Indonesia US$2 billion in lost revenue
COPPER miner Freeport Indonesia has warned the Indonesian government that banning exports of copper concentrate in June could lead to a loss of US$2 billion in revenues for Jakarta,...
Using your premium credit card may cost more after Visa-Mastercard deal
PICTURE this: A customer walks into a grocery store just looking to buy a carton of milk and a dozen eggs. But when they get to checkout, they are...
Dell reduces workforce as part of broader cost cuts
DELL Technologies reduced its workforce as part of a broader initiative to cut costs that included limiting external hiring and employee reorganisations, it said in a filing on Monday...
Top Glove Q2 loss shrinks to RM51.2 million on cost optimisation initiatives
GLOVE manufacturer Top Glove Corporation on Wednesday (Mar 20) narrowed its losses by 68.9 per cent for the second quarter ended Feb 29, 2024, with a net loss of...
Unilever to spin off ice cream unit, cut 7,500 jobs for cost savings
UNILEVER said on Tuesday (Mar 19) it would spinoff its ice cream unit, home to popular brands such as Magnum and Ben & Jerry’s, into a standalone business and...
Hapag-Lloyd to seek cost cuts after net profit slump
GERMAN container shipper Hapag-Lloyd on Thursday (Mar 14) said global vessel oversupply and a crisis in the Red Sea will force it to cut expenses in 2024, including adapting...
Shell to cut about 20% of jobs in deals team amid push for cost savings
SHELL will eliminate at least 20 per cent of jobs in its deals team as the company continues to restructure its business units in an effort to reduce costs,...
BNP Paribas hikes cost cuts by 400 million euros after weak results
BNP Paribas, the eurozone’s largest bank, on Wednesday said it will step up its cost-cutting plan by 400 million euros (S$582.7 million) after reporting weak results for the fourth...
