Sea Ltd. achieves first quarterly profit after rigorous cost-cutting
Sea Ltd., a major Singapore-based tech company, has reported its first quarterly profit in its 14-year history. This milestone followed a significant strategy shift led by CEO Forrest Li, which saw the company implementing ruthless cost-cutting measures and focusing on profitability. Amid financial pressure, Li initiated a series of changes, including layoffs that affected about […]
Daewoong Pharmaceutical hires Indonesian talent to boost global R&D capabilities
Daewoong Pharmaceutical has hired 19 Indonesian biopharmaceutical experts to join their workforce in Korea, enhancing their global R&D capabilities. The recruitment comes after the company selected Indonesia as a hub country in Southeast Asia. The new hires, who arrived in Korea on April 24, are experts in pharmacy, biology, chemistry, and engineering and will work […]
The First Word: In defence of HR’s right-sizing responsibility
Business media has changed a lot over the past decade, but one thing continues to be a common trait across generations, and regional borders. That’s the idea that retrenching staff and reducing headcount can be a traitorous move for an organisation of any significant size. Retrenchment exercises are, often quite rightly, delivered as grave news, […]
Filippo Arnaboldi: Marketing himself to the top
Filippo Arnaboldi, global CEO of the fine linen bedding brand Frette, landed his high-end career with simple beginnings in product marketing. The Italian native started in residential and commercial properties as a real estate broker in Milan. He also did account management roles at J. Walter Thomspon in Milan, then Einson Freeman in New Jersey, […]
Frette’s Filippo Arnaboldi crafts a fine approach to building a team
The CEO behind the high-end Italian home brand Frette says building success in the luxury bed-and-bath category requires a flexible, and highly engaged team. With customers including elite hotels, spas, and resorts, the brand’s fine bedding, loungewear, and home-interior creations demand a strong and resilient workforce. But what makes these collections appealing to the discriminating […]
Philippines National Bank, Aboitz Group launch workforce development initiatives
The Philippine National Bank (PNB) and Aboitiz Group’s construction arm have announced separate partnerships aimed at reinforcing their workforces. PNB is collaborating with the Polytechnic University of the Philippines (PUP) to offer employment opportunities to its graduates. PNB chair Federico Pascual said the partnership aligned with the bank’s sustainability strategy and aimed to ensure a […]
Five ways to show empathy and compassion to laid-off staff
CHIEF OF STAFF FIVE: Experiencing job loss, no matter the cause, can be a distressing event that can leave outgoing employees feeling worried and uncertain about their future. It is crucial for management, HR leaders, and colleagues to exhibit empathy and compassion towards these laid-off workers. Moreover, the way a company handles layoffs can significantly […]
Showcasing the real benefits behind diversity and inclusion in 2023
DIVERSITY AND INCLUSION: Diversity and inclusion in the workplace are not entirely new concepts. However, HR thought leaders and social researchers were able to gain new and varied perspectives while navigating through the pandemic. Many are now realising that a diverse and inclusive workforce can generate huge advantages for companies, as they become more innovative, […]
Singapore’s public transport workforce to grow 4% by 2025
The Land Transport Authority anticipates a 4% increase in Singapore’s public transport workforce by 2025, up from the current 22,000 workers. This growth projection comes from plans under the sector’s dedicated Industry Transformation Map. LTA will create 800 new jobs for rail expansion projects, including the Jurong Region Line and Cross Island Line development. Since […]
NGOs encourage employers to support disabled workers
Non-governmental organisations (NGOs) are calling on employers to recognise the abilities of disabled individuals, and ensure they have access to job opportunities. Pharani Phuprasoet, director of Thai Health Promotion Foundation’s Office for Health Promotion in Specific Groups, says there are approximately 850,000 people with disabilities are of working age, but only around 530,000 have gainful […]
