Headline News In 60 Seconds Daily 2025-06-12T08:01:27.604Z
ILovehead6.9 Head NewsShare
- š¢ PGIM Divests Prime Singapore Assets: Sells Three Floors at 108 Robinson Road In a deal finalized on 9 October 2023, PGIM Real Estate sold three floors of Singaporeās office tower, 108 Robinson Road, for S$55 million (US$40 million) to a private investor. The space spans 34,000 square feet across levels two, six, and seven. This sale aligns with PGIMās strategy to capitalize on Singapore's recovering office market, after the firm initially acquired the property through a value-add fund in 2019.
- šØ Mediacorp Dismissal: Male Employee Terminated for Suspicious Behavior in Female Toilet at Singapore Headquarters On June 10, 2025, Mediacorp dismissed a male employee for suspicious behavior in a female restroom at its Singapore headquarters. The incident raised security concerns within the organization.
- āļø End of an Era: Australia's Qantas to Close Jetstar Asia by 2025 Australia's Qantas announced on June 10, 2025, the closure of Jetstar Asia, its low-cost subsidiary based in Singapore. This decision impacts 200 employees and ceases operations by June 2025.
- š Invest in Resilient Singapore REITs: Discover Top Picks for Your Portfolio The Smart Investor highlights Parkway Life REIT, Ascendas REIT, and Mapletree Industrial Trust as stable investment choices, emphasizing their strong financial performance and resilience in Singaporeās real estate market as of 3rd October 2023.
- āļø Jetstar Asia to Cease Operations: Over 500 Singapore Employees Affected by July 31 Closure Jetstar Asia, owned by Qantas, will halt operations on July 31, 2024, impacting 540 employees in Singapore. The decision follows a strategic review sparked by sustained financial losses.
- āļø Jetstar Asia Ceasing Operations: Effective July 31, Jetstar Asia, a subsidiary of Qantas, will halt its Singapore-based operations, impacting 400 employees as part of restructuring efforts by its parent company. On July 31, Jetstar Asia, a subsidiary of Qantas, will cease Singapore operations, affecting 400 employees in restructuring efforts. Parent company Qantas announced the closure to focus on strategic priorities.
- āļø Jetstar Asia to End Operations: Over 500 Employees Impacted as Airline Announces July Termination Jetstar Asia, a Singapore-based airline, announced plans to cease operations on July 31, 2023. This decision, affecting over 500 employees, is attributed to prolonged financial struggles and market challenges.
- āļø Qantas Restructures: Jetstar Asia Closure to Finance New Fleet Developments Qantas announced it will close Jetstar Asia by December 31, 2025, reallocating $200 million towards expanding its new fleet. CEO Vanessa Hudson emphasized the strategic focus on bolstering Australian operations.
- āļø Qantas to Close Jetstar Asia: Singapore-based Unit to Cease Operations Following Strategic Review Qantas will shut down Jetstar Asia, a Singapore-based low-cost carrier, by March 2024. The decision affects approximately 600 employees as part of Qantas's strategic review to streamline operations and reduce costs.
- āļø Qantas' Jetstar Asia to Cease Operations: Over 500 Jobs Affected as Airlines Winds Down on Jul 31 Jetstar Asia, headquartered in Singapore, will halt operations on July 31, 2023, resulting in 510 job losses. The decision follows mounting financial pressures faced by the Qantas Airways subsidiary.
- āļø Jetstar Asia Closure: Customers left with multiple rescheduling options after hiring cessation by end of November, following operational challenges in Singapore. Jetstar Asiaās cessation will occur by the end of November 2023. Affected customers will be given options for rescheduling or refunds. The announcement comes amid the airline's operational difficulties in Singapore.
- šøš¬ Leadership Transition: Robeco Appoints Phoon Chiong Kit as New Singapore Country Head Phoon Chiong Kit was appointed as Robeco's Singapore country head, effective late September 2023. Previously, he held senior roles at UBS Wealth Management, focusing on Asian business development, for over a decade.
- āļø Jetstar Asia Closure: Singapore-Based Airline to Cease Operations from July 31 Amid Regional Restructure š ChatGPT Outage: OpenAI's Service Faces Temporary Downtime in Singapore, Affecting Users on 31 July Jetstar Asia will cease operations from 31 July 2023 as part of a regional restructure. A temporary ChatGPT outage in Singapore concerning OpenAI occurred, halting services for a few hours.
- š Robeco Appoints Thu Ha Chow as Singapore Country Head On June 21, 2023, Thu Ha Chow was appointed as Singapore Country Head for Robeco, succeeding Graham Elliot, as part of Robeco's strategic expansion in Asia.
- š Singapore's Chinatown Blooms: Transition from a historic district to a tourist hotspot preserving its rich heritage. š Singapore's Chinatown Blooms: Transition from a historic district to a tourist hotspot preserving its rich heritage. Summary: In 1989, the Singaporean government set up the Chinatown Historic District Committee to revitalize Chinatown, leading to a transformation overseen by the Urban Redevelopment Authority. By 2021, Chinatown became a cultural and commercial hub, balancing modernization with preservation.
- āļø Jetstar Asia Closure: 500 Jobs Lost as Singapore-Based Budget Airline Shuts Down Jetstar Asia, a Singapore-based budget airline, announced its closure on October 16, 2023, leading to 500 job losses. The company, operating since 2004, cited unmanageable costs and economic challenges as reasons.
- āļø Qantas to Shut Jetstar Asia: Changi Fee Hike Blamed for Closure Qantas will cease operations of Jetstar Asia, its Singapore-based budget airline, by March 2024 due to increased Changi Airport fees. This decision impacts 380 employees, threatening low-cost air travel access in Asia.
- āļø Jetstar Asia Closure: Jetstar Asia's shutdown ends the Broome-Singapore route, marking a significant change in regional travel dynamics. On June 11, 2025, Qantas announced the closure of Jetstar Asia, halting the Broome to Singapore flights, effective immediately. The decision impacts tourists and local businesses significantly.
- āļø Jetstar Asia Compensates Laid-Off Workers: Singapore-based Jetstar Asia to pay four weeksā salary per year of service to over 500 affected employees. Jetstar Asia, a Singapore-based airline, announced on October 2023 that over 500 retrenched employees would receive four weeks' salary for each year of service. This decision came amid operational restructuring following the economic impacts of the COVID-19 pandemic on the aviation industry.
- š„ Singapore Shines: Jin, Coldplay & More Boost Nation's Tourism via Music Videos Famous artists like BTS's Jin and Coldplay utilize Singapore's scenic spots in their music videos, significantly increasing the city-state's allure for tourists. After BTSās "The Astronaut" (released globally on October 28, 2022) featured Marina Bay Sands, tourist visits surged. Coldplay's 2021 "Higher Power" also highlighted iconic Singapore landscapes.
- š¢ PGIM Divests Prime Singapore Assets: Sells Three Floors at 108 Robinson Road In a deal finalized on 9 October 2023, PGIM Real Estate sold three floors of Singaporeās office tower, 108 Robinson Road, for S$55 million (US$40 million) to a private investor. The space spans 34,000 square feet across levels two, six, and seven. This sale aligns with PGIMās strategy to capitalize on Singapore's recovering office market, after the firm initially acquired the property through a value-add fund in 2019.
- šØ Mediacorp Dismissal: Male Employee Terminated for Suspicious Behavior in Female Toilet at Singapore Headquarters On June 10, 2025, Mediacorp dismissed a male employee for suspicious behavior in a female restroom at its Singapore headquarters. The incident raised security concerns within the organization.
- āļø End of an Era: Australia's Qantas to Close Jetstar Asia by 2025 Australia's Qantas announced on June 10, 2025, the closure of Jetstar Asia, its low-cost subsidiary based in Singapore. This decision impacts 200 employees and ceases operations by June 2025.
- š Invest in Resilient Singapore REITs: Discover Top Picks for Your Portfolio The Smart Investor highlights Parkway Life REIT, Ascendas REIT, and Mapletree Industrial Trust as stable investment choices, emphasizing their strong financial performance and resilience in Singaporeās real estate market as of 3rd October 2023.
- āļø Jetstar Asia to Cease Operations: Over 500 Singapore Employees Affected by July 31 Closure Jetstar Asia, owned by Qantas, will halt operations on July 31, 2024, impacting 540 employees in Singapore. The decision follows a strategic review sparked by sustained financial losses.
- āļø Jetstar Asia Ceasing Operations: Effective July 31, Jetstar Asia, a subsidiary of Qantas, will halt its Singapore-based operations, impacting 400 employees as part of restructuring efforts by its parent company. On July 31, Jetstar Asia, a subsidiary of Qantas, will cease Singapore operations, affecting 400 employees in restructuring efforts. Parent company Qantas announced the closure to focus on strategic priorities.
- āļø Jetstar Asia to End Operations: Over 500 Employees Impacted as Airline Announces July Termination Jetstar Asia, a Singapore-based airline, announced plans to cease operations on July 31, 2023. This decision, affecting over 500 employees, is attributed to prolonged financial struggles and market challenges.
- āļø Qantas Restructures: Jetstar Asia Closure to Finance New Fleet Developments Qantas announced it will close Jetstar Asia by December 31, 2025, reallocating $200 million towards expanding its new fleet. CEO Vanessa Hudson emphasized the strategic focus on bolstering Australian operations.
- āļø Qantas to Close Jetstar Asia: Singapore-based Unit to Cease Operations Following Strategic Review Qantas will shut down Jetstar Asia, a Singapore-based low-cost carrier, by March 2024. The decision affects approximately 600 employees as part of Qantas's strategic review to streamline operations and reduce costs.
- āļø Qantas' Jetstar Asia to Cease Operations: Over 500 Jobs Affected as Airlines Winds Down on Jul 31 Jetstar Asia, headquartered in Singapore, will halt operations on July 31, 2023, resulting in 510 job losses. The decision follows mounting financial pressures faced by the Qantas Airways subsidiary.
- āļø Jetstar Asia Closure: Customers left with multiple rescheduling options after hiring cessation by end of November, following operational challenges in Singapore. Jetstar Asiaās cessation will occur by the end of November 2023. Affected customers will be given options for rescheduling or refunds. The announcement comes amid the airline's operational difficulties in Singapore.
- šøš¬ Leadership Transition: Robeco Appoints Phoon Chiong Kit as New Singapore Country Head Phoon Chiong Kit was appointed as Robeco's Singapore country head, effective late September 2023. Previously, he held senior roles at UBS Wealth Management, focusing on Asian business development, for over a decade.
- āļø Jetstar Asia Closure: Singapore-Based Airline to Cease Operations from July 31 Amid Regional Restructure š ChatGPT Outage: OpenAI's Service Faces Temporary Downtime in Singapore, Affecting Users on 31 July Jetstar Asia will cease operations from 31 July 2023 as part of a regional restructure. A temporary ChatGPT outage in Singapore concerning OpenAI occurred, halting services for a few hours.
- š Robeco Appoints Thu Ha Chow as Singapore Country Head On June 21, 2023, Thu Ha Chow was appointed as Singapore Country Head for Robeco, succeeding Graham Elliot, as part of Robeco's strategic expansion in Asia.
- š Singapore's Chinatown Blooms: Transition from a historic district to a tourist hotspot preserving its rich heritage. š Singapore's Chinatown Blooms: Transition from a historic district to a tourist hotspot preserving its rich heritage. Summary: In 1989, the Singaporean government set up the Chinatown Historic District Committee to revitalize Chinatown, leading to a transformation overseen by the Urban Redevelopment Authority. By 2021, Chinatown became a cultural and commercial hub, balancing modernization with preservation.
- āļø Jetstar Asia Closure: 500 Jobs Lost as Singapore-Based Budget Airline Shuts Down Jetstar Asia, a Singapore-based budget airline, announced its closure on October 16, 2023, leading to 500 job losses. The company, operating since 2004, cited unmanageable costs and economic challenges as reasons.
- āļø Qantas to Shut Jetstar Asia: Changi Fee Hike Blamed for Closure Qantas will cease operations of Jetstar Asia, its Singapore-based budget airline, by March 2024 due to increased Changi Airport fees. This decision impacts 380 employees, threatening low-cost air travel access in Asia.
- āļø Jetstar Asia Closure: Jetstar Asia's shutdown ends the Broome-Singapore route, marking a significant change in regional travel dynamics. On June 11, 2025, Qantas announced the closure of Jetstar Asia, halting the Broome to Singapore flights, effective immediately. The decision impacts tourists and local businesses significantly.
- āļø Jetstar Asia Compensates Laid-Off Workers: Singapore-based Jetstar Asia to pay four weeksā salary per year of service to over 500 affected employees. Jetstar Asia, a Singapore-based airline, announced on October 2023 that over 500 retrenched employees would receive four weeks' salary for each year of service. This decision came amid operational restructuring following the economic impacts of the COVID-19 pandemic on the aviation industry.
- š„ Singapore Shines: Jin, Coldplay & More Boost Nation's Tourism via Music Videos Famous artists like BTS's Jin and Coldplay utilize Singapore's scenic spots in their music videos, significantly increasing the city-state's allure for tourists. After BTSās "The Astronaut" (released globally on October 28, 2022) featured Marina Bay Sands, tourist visits surged. Coldplay's 2021 "Higher Power" also highlighted iconic Singapore landscapes.
