SPH’s profit for the latest quarter plunges by 44%!

SPH’s its net profit for the 1st quarter ended in November 2016 had plunging by 43.8% to $45.7m. This was a combination of several factors, including a 13.5% decline in advertising revenue and $7.5m in restructuring costs. The group had recognised a $2.6m impairment charge from optimising its printing capacity and another $4.8 million on…

The re-employment act joke has just gotten bigger?

By: Leong Sze Hian I refer to the article “Older workers can work until age 67 from July” (Straits Times, Jan 10). It states that “If employers cannot find work for such workers in their companies, they can transfer them to their subsidiaries or another employer with the workers’ consent, or give them a one-off…