SIA Q1 net profit plunges 71.4 percent
(30 July) – Singapore Airlines (SIA) said Wednesday its financial first quarter net profit plunged 71.4 percent from the previous year, weighed down by lower passenger and cargo revenue. Net profit in the three months to June came in at Sg$34.8 million ($27.8 million), down from Sg$121.8 million in the same period last...
Are expat packages a thing of the past?
(22 Jul 2014) – In the good old days before the global financial crisis, a job posting to Asia’s financial hubs of Singapore or Hong Kong often included a lavish benefit package with an allowance for housing, a car and schooling but those days are gone, say recruitment experts. “A common misconception exists...
China shuts meat producer supplying McDonald’s, KFC
China shuts meat producer supplying McDonald's, KFC (21 July) Shanghai has shut a factory of US food producer OSI Group for selling out-of-date meat to restaurant giants including McDonald’s and KFC, authorities said Monday, in China’s latest food safety scandal. A Shanghai television channel, which reported...
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