Ecommerce giant Shopee is cutting jobs in Singapore and China as well as Indonesia. 3% of workforce in Indonisia will be dismissed, while Shopee did not specify how many positions in Singapore and China would be affected.![]()
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According to a Shopee employee in Shenzhen, Guangdong Province, posting on China's job information sharing App Maimai, the company has reduced at least one business line to a third of what it was.
Shopee's parent company...
According to a Shopee employee in Shenzhen, Guangdong Province, posting on China's job information sharing App Maimai, the company has reduced at least one business line to a third of what it was.
Shopee's parent company...
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Singapore home sales fell 48% in August to the lowest in more than two years as a lack of supply kept buyers at bay.
According to data released by the Urban Redevelopment Authority (URA) on Thursday (Sep 15), purchases of new private apartments dropped to 437 units last month from 834 in July.
Meanwhile, developers launched only 134 units, 66.7% lower than the 402 units launched the month before.
However, home prices in Singap...
According to data released by the Urban Redevelopment Authority (URA) on Thursday (Sep 15), purchases of new private apartments dropped to 437 units last month from 834 in July.
Meanwhile, developers launched only 134 units, 66.7% lower than the 402 units launched the month before.
However, home prices in Singap...
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This chart from Blackbox shows the extent how which Singaporeans are feeling the impact of inflation and price increases in several areas.
People have seen petrol prices, utility prices, and food prices increased the most recently. Food and energy are very important in our daily life.
Thus, 91% of surveyed Singaporeans said that inflation is having an impact on them personally, with 37% saying it has a significant impact.
Are y...
People have seen petrol prices, utility prices, and food prices increased the most recently. Food and energy are very important in our daily life.
Thus, 91% of surveyed Singaporeans said that inflation is having an impact on them personally, with 37% saying it has a significant impact.
Are y...
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Lion cityer
commented on
Columns Tesla fired its Singapore country manager after Elon Musk warned of cutting 10% of the staff
$Tesla (TSLA.US)$ fired its Singapore country manager Christopher Bousigues one year after bringing him on.![]()
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Christopher wrote in a LinkedIn post that he was fired as part of a 10% headcount reduction at Tesla.
"Tesla announced a 10% of workforce reduction," he wrote. "My role was chosen to be eliminated as of today."
Earlier this month, CEO Elon Musk warned that he would cut 10% of Tesla's jobs because ...
Christopher wrote in a LinkedIn post that he was fired as part of a 10% headcount reduction at Tesla.
"Tesla announced a 10% of workforce reduction," he wrote. "My role was chosen to be eliminated as of today."
Earlier this month, CEO Elon Musk warned that he would cut 10% of Tesla's jobs because ...
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On Jun 1, Malaysia halted the export of about 3.6 million whole chickens a month, in an attempt to stabilize domestic supplies and bring down chicken prices.
Small stalls are closed, while others have found a way to handle the issue.
Continued supply is critical
The most critical thing for restaurants now is to find sufficient stock and look for alternatives.
Mr Affandi Abdul Rahman, who runs a chicken rice and ayam penyet store at Marine Parade Central M...
Small stalls are closed, while others have found a way to handle the issue.
Continued supply is critical
The most critical thing for restaurants now is to find sufficient stock and look for alternatives.
Mr Affandi Abdul Rahman, who runs a chicken rice and ayam penyet store at Marine Parade Central M...
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Singapore Exchange, which has seen stock listings dwindle over the years, is betting on a reversal in fortunes as Chinese companies look to hedge risks and Southeast Asia's unicorns seek to tap the market.
$SGX (S68.SG)$ may see 30 to 40 first-time and secondary listings per year within the next 5 years, Pol de Win, SGX's head of global sales and origination, said in an interview -- more than double the average of about 13 listin...
$SGX (S68.SG)$ may see 30 to 40 first-time and secondary listings per year within the next 5 years, Pol de Win, SGX's head of global sales and origination, said in an interview -- more than double the average of about 13 listin...
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Lion cityer
commented on
Chicken is the most consumed meat in the world, but from the US to Singapore, people found chickens getting more and more expensive. Your favorite food fried chicken and chicken rice could get more pricey accordingly.
But why are they getting more expensive?![]()
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Russo-Ukrainian War
The war in Ukraine has disrupted its poultry exports to countries in Europe and the Middle East. More importantly, Ukraine is a major producer of corn and wheat, wh...
But why are they getting more expensive?
Russo-Ukrainian War
The war in Ukraine has disrupted its poultry exports to countries in Europe and the Middle East. More importantly, Ukraine is a major producer of corn and wheat, wh...
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Lion cityer
commented on
Rents for Singapore's private apartments and Housing Development Board flats surged to record highs last month and expectations are that they will keep rising.![]()
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Condo rents climbed 2.3% in April from March to surpass their previous peak reached in January 2013. HDB flat rents increased 1.9% to exceed the record set in August 2013 according to data released by real estate portals 99.co and SRX Property.
The upward trend is likely to conti...
Condo rents climbed 2.3% in April from March to surpass their previous peak reached in January 2013. HDB flat rents increased 1.9% to exceed the record set in August 2013 according to data released by real estate portals 99.co and SRX Property.
The upward trend is likely to conti...
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Lion cityer
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A plate of chicken rice, one of Singapore's most popular meals, will get more expensive after Malaysia moved to restrict exports.![]()
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The delicious dish can be found in every corner in Singapore. Since Singapore gets one third of its poultry from its neighbor, Malaysia's move to halt chicken exports from June will really hurt diners.
The export ban will likely further push up the price of Singapore's most widely-consumed meat, which rose 5...
The delicious dish can be found in every corner in Singapore. Since Singapore gets one third of its poultry from its neighbor, Malaysia's move to halt chicken exports from June will really hurt diners.
The export ban will likely further push up the price of Singapore's most widely-consumed meat, which rose 5...
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Lion cityer
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Today, the Singapore Department of Statistics released the latest inflation data. Core CPI, which strips out private road transport and accommodation costs, rose 3.3% in April compared with the same period a year earlier, fastest in a decade. CPI rose to 5.4%, the fastest since April 2012.
The inflation is mainly driven by the following categories: The cost of transportation, which has an index weighting of 17.07%, climbed 15.5% yoy in April. Food prices, whi...
The inflation is mainly driven by the following categories: The cost of transportation, which has an index weighting of 17.07%, climbed 15.5% yoy in April. Food prices, whi...
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