Posts by Swedan Margen
Eating out loses its bite; some listed F&B players are in the red on wilting demand, high costs
[SINGAPORE] As listed food and beverage (F&B) operators cite a drop in demand for eating out amid high rental rates and operating costs, analysts say this is pointing to a worrying trend of mid-market operators struggling to find their niche. Operators such as Tung Lok Restaurants and Japan Foods Holding (JFH) sank into the red…
Read MoreEating out loses its shine; some listed F&B players are in the red on wilting demand, high costs
[SINGAPORE] As listed food and beverage (F&B) operators cite a drop in demand for restaurant meals amid high rental rates and operating costs, analysts say this is pointing to a worrying trend of mid-market operators struggling to find their niche. Operators such as Tung Lok Restaurants and Japan Foods Holding (JFH) sank into the red…
Read MoreHaidilao operator Super Hi swings to US$11.9 million Q1 profit on forex gains, delivery growth
[SINGAPORE] Super Hi International, the operator of Haidilao’s international business, posted a net profit of US$11.9 million for the first quarter ended Mar 31, reversing a net loss of US$4.5 million in the same period the year before. The turnaround was mainly driven by a US$20.4 million reduction in net foreign exchange losses due to currency…
Read MoreAI bets that fuelled Big Tech’s surge now threaten rich profits
[NEW YORK] Some investors are questioning the amount of cash Big Tech is throwing at artificial intelligence, fuelling concerns for profit margins and the risk that depreciation expenses will drag stocks down before companies can see investments pay off. “On a cash flow basis they’ve all stagnated because they’re all collectively making massive bets on…
Read More‘Ridiculous and frustrating’: Jetstar Asia staff blindsided by same-day layoff notice
[SINGAPORE] Jetstar Asia employees were only informed of their retrenchment at 7 am on Wednesday (Jun 11) – the same morning the public announcement went out. “It was unexpected – all my managers were also in shock, and they didn’t see it coming,” said a cabin crew member, who declined to be named. “Dropping the…
Read More‘Ridiculous and frustrating’: Jetstar Asia staff blindsided by abrupt layoff notice
[SINGAPORE] Jetstar Asia employees were only informed of their retrenchment at 7 am on Wednesday (Jun 11) – the same morning the public announcement went out. “It was unexpected – all my managers were also in shock, and they didn’t see it coming,” said a cabin crew member, who declined to be named. “Dropping the…
Read MoreAirAsia’s 100-jet Paris order pits Airbus A220 against Embraer
[PARIS] Low-cost carrier AirAsia is poised to order about 100 regional jets at the Paris Air Show next week, with the Malaysian airline still undecided between the Airbus A220 or Embraer’s E2, according to people familiar with the matter. Negotiations with the manufacturers are coming down to the wire, said the people, who asked not…
Read MoreSingaporean Man, 58, Sentenced to 31 years’ Jail for Drug Trafficking and Money Laundering; Avoids Death Penalty by 0.01g
A 58-year-old Singaporean man was sentenced to 31 years in prison for drug trafficking and drug money laundering offences, avoiding the death penalty by 0.01g. Mesnawi Dahri was arrested by the Central Narcotics Bureau (CNB) officers while in possession of not less than 14.99g of diamorphine, or “pure heroin”, for the purpose of trafficking. According…
Read MoreSMRT Files Police Report Over Viral Social Media Video Shot from MRT Tracks
SMRT, the train operator, has filed a police investigation after footage purportedly obtained from an MRT track circulated on social media beginning June 10. The video, which was shared on the Complaint Singapore Facebook page, was filmed under low-light conditions and shows a train going past on nearby track. The individual recording the footage later…
Read MoreSingapore: 46-Year-Old Man Arrested for Online Sale of Counterfeit Goods Worth S$141K
A 46-year-old man was arrested on for his suspected involvement in the online sale of counterfeit goods. In a press release, the Singapore Police Force (SPF) revealed on Tuesday, June 10, that the officers from the Criminal Investigation Department conducted raids in the vicinity of Bukit Merah and Delta Avenue on June 6. The statement…
Read More2 Women Arrested in Singapore for Loanshark Harassment Activities
Two women, aged 20 and 24, were arrested on Tuesday, June 10, for their suspected involvement in a case of loanshark harassment. The Singapore Police Force (SPF) issued a press release and said that they were informed about the case of loanshark harassment at a residential unit along Pasir Ris Street 21 on June 7…
Read MoreDon’t Overlook the Union Factor in California’s Chaos
The arrest of state SEIU president David Huerta spotlights the intersection of union dollars, Democratic power, and illegal immigration. Source link
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