Business
Volvo Cars to cut costs by 18 billion Swedish crowns as earnings drop
Sweden-based Volvo Cars launched cost cuts of 18 billion Swedish crowns (S$2.4 billion) on Tuesday (Apr 29) as its operating profit fell…
Tag
costs
News
US pharma tariffs would raise US drug costs by US$51 billion annually, report finds
A 25 per cent US tariff on pharmaceutical imports would increase US drug costs by nearly US$51 billion annually, boosting US prices by as…
News
What Elon Musk Didn’t Budget For: Firing Workers Costs Money, Too
President Trump and Elon Musk promised taxpayers big savings, maybe even a “DOGE dividend” check in their mailboxes, when the Department…
News
Renault to cut costs as US tariffs lash car market
French carmaker Renault said on Thursday (Apr 24) it will seek to further cut costs as US tariffs shake up the global car market. Renault…
Business
Offshore renminbi funding costs in Hong Kong sink to record low
The cost to borrow the offshore renminbi in Hong Kong dropped to the lowest since data became available in 2013, putting pressure on the…
Business
Luxury brand Hermes to pass on tariff costs to US clients as sales growth slows
France’s Hermes will fully shift the burden of tariffs in the US to its wealthy clientele, the company said on Thursday (Apr 17), as it…
News
Harvard Discovers What Federal Money Costs
The Trump administration’s overreaching demands of Harvard are merely a symptom of excessive federal involvement in universities. Source…
Business
Sinarmas Land’s H2 net profit drops 5.5% to S$154 million on lower revenue, higher costs
Sinarmas Land reported a 5.5 per cent drop in net profit to S$154 million for the half-year ended Dec 31, 2024, from S$163 million in the…
Business
UK job vacancies drop as employment costs grow
Job vacancies fell to the lowest level in nearly four years, according to official figures, suggesting demand for workers is weakening as…
Business
Impact of Trump’s tariffs, interest costs in focus as S-Reits report Q1 earnings
Market watchers will be looking for managers of Singapore-listed real estate investment trusts (S-Reits) to shed light on their strategies…
News
Business Name Protection: Trademark Costs Revealed
When you’re starting a business, protecting your brand is super important. One way to do this is through trademark registration. But how…
Business
PSA International FY2024 net profit falls 25% to S$1.1 billion on higher costs, inflation
Temasek-owned port operator PSA International on Friday (Mar 28) reported a 25.2 per cent drop in net profit to S$1.1 billion in 2024,…
Business
PSA International FY2024 net profit falls 25.2% to S$1.1 billion on higher costs, inflation
Temasek-owned port operator PSA International on Friday (Mar 28) reported a 25.2 per cent drop in net profit to S$1.1 billion in 2024,…
Business
High costs limit plastic recycling in South-east Asia: Bain
Plastic recycling in South-east Asia is limited by high collection and sorting costs, which can be 1.5 to two times the raw waste price,…
News
Civil Service told by government to slash running costs by 15%
The government is to tell the Civil Service it must make savings of more than £2bn a year from its administrative costs by the end of the…
Business
HSBC’s revamp of key Asia division costs women senior roles
A global overhaul at HSBC Holdings has seen female executives in Asia lose out after the lender asked managers to reapply for senior roles…
News
Nurseries worried despite fall in childcare costs
Vanessa Clarke Education correspondent Annual nursery costs for a child under two in England have fallen for the first time in 15 years,…
Culture
Ethan Hawke: ‘When We Prioritize Money at All Costs, What We Get Is Generic Material’
Ethan Hawke and Richard Linklater spoke about taking risks in art at the Berlin Film Festival press conference for their new film “Blue…
Business
HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs: source
HSBC has laid off around 40 investment bankers in Hong Kong, according to a source with direct knowledge of the matter, as part of a…
Culture
Texas LLC Costs: The Real Price Tag Revealed
Starting a Texas LLC might seem simple, but there are a lot of costs to think about. From the initial filing fees to ongoing maintenance,…
Business
Tesla supplier Panasonic to cut costs to support shift into AI
PANASONIC Holdings is considering an overhaul of personnel and trimming underperforming businesses to lower fixed costs, part of a shift…
Business
Cathay Cineplex receives letters of demand for about S$2.7 million in rent and other costs owed
MM2 Asia, which runs the cinema chain, is trying to resolve the matter while prioritising minimal disruption to business operations CATHAY…
Culture
Asian oil refiners mull run cuts, closures as crude costs soar
A SURGE in the cost of physical crude cargoes as China and India rush to replace Russian flows is prompting refiners in other parts of…
Business
UBS CEO signals job cuts will continue in quest to lower costs
UBS Group chief executive officer Sergio Ermotti said he will keep cutting headcount in the wake of the historic acquisition of Credit…