Cost
Brokers’ take: Proposed policy changes could drive cost savings for ComfortDelGro
SINGAPORE’S planned changes to its regulations for the point-to-point transport services sector are expected to be a boon for the taxi industry – particularly ComfortDelGro, the Republic’s largest taxi...
Yeo Hiap Seng H2 profit jumps 183% to S$3.4 million on cost optimisation
FOOD and beverage player Yeo Hiap Seng on Thursday (Feb 29) posted a 183 per cent rise in its net profit for the second half of 2023 to S$3.4...
Shiseido offers early retirement for 1,500 staff amid cost cuts
SHISEIDO is offering early retirement for around 1,500 positions in Japan as the skincare firm seeks to boost growth and profitability. The plan will be offered to employees who...
Beyond Meat tops revenue estimates, plans ‘steep’ cost cuts in 2024; shares soar
BEYOND Meat on Tuesday topped market expectations for fourth-quarter revenue on resilient demand for its faux meat patties in key markets outside the United States, and said it would...
BASF announces new cost saving measures at German base
CHEMICALS giant BASF on Friday (Feb 23) unveiled a cost-cutting plan worth one billion euros (S$1.5 billion) for its German headquarters, including job losses, as it struggles with slumping...
Singapore banks give junior staff one-off bonus amid rising cost of living
THE trio of Singapore lenders are giving their junior employees globally a one-time bonus amid cost-of-living concerns. The banks noted that this was in line with recommendations from Singapore’s...
HSBC cost conundrum intensifies investor bank scrutiny
CLIMBING costs at HSBC have added to growing investor concerns about how big banks manage their expenses, putting executives under pressure to quickly address spending. Although banks have seen...
Disney earnings top views on cost cuts, parks; shares climb
WALT Disney reported better-than-expected earnings for its fiscal first quarter and issued an upbeat profit outlook for the year, citing cost-cutting benefits and the strong performance of its international...
