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Vihanya Rakshika

Correspondent

Vihanya Rakshika is a business correspondent at The Straits Times. Before joining the paper’s Business Desk, she spent six years covering breaking news and current affairs across local newsrooms, following a decade as an educator in public schools. Her main focus revolves around issues related to the running of a business in Singapore, which may include credit, financial distress, litigation and workplace disputes.

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Latest articles

Pfizer wins Singapore trademark dispute with Merck over vaccine brand

Pfizer’s ABRYSVO and Merck’s MAVENCLAD logos both feature circular motifs, but differ in wording and colour.
Pfizer’s ABRYSVO and Merck’s MAVENCLAD logos both feature circular motifs, but differ in wording and colour.

Man who lost job after 19 years at Denso loses lawsuit over alleged bad-faith firing

The former Denso International Asia employee had claimed that the company had terminated his employment in “bad faith” to avoid paying him retrenchment benefits.
The former Denso International Asia employee had claimed that the company had terminated his employment in “bad faith” to avoid paying him retrenchment benefits.

Gardenia retrenches 141 employees as it shifts bakery production from Singapore to Malaysia

Gardenia said production at the Pandan Loop facility will cease on June 30.
Gardenia said production at the Pandan Loop facility will cease on June 30.

Singapore firm duped in GST refund scheme wins $1.75m High Court suit

Between November 2015 and February 2016, BP Projects conducted multiple export transactions and initially received GST refunds totalling about $485,000.
Between November 2015 and February 2016, BP Projects conducted multiple export transactions and initially received GST refunds totalling about $485,000.

Wirecard scandal: S’pore firm oCap Management loses bid to access frozen funds for future lawsuits

German authorities are seeking a confiscation order over assets allegedly tied to the proceeds of crime obtained by oCap Management.
German authorities are seeking a confiscation order over assets allegedly tied to the proceeds of crime obtained by oCap Management.

From street to search: New platform Tekka.sg seeks to put Indian businesses in S’pore on the map

Mr Kumaravelu P, founder and CEO of Tekka.sg said he quit a well-paying MNC job three years ago to focus on building the platform.
Mr Kumaravelu P, founder and CEO of Tekka.sg said he quit a well-paying MNC job three years ago to focus on building the platform.

S’pore Instagram seller must pay Louis Vuitton $510k in damages over counterfeit goods case

The fake Louis Vuitton products were passed off as genuine and sold at a fraction of the price of the real items.
The fake Louis Vuitton products were passed off as genuine and sold at a fraction of the price of the real items.

UOB opens new $500m tech hub in Punggol Digital District with 400 staff already on site

UOB’s new S$500 million technology and innovation centre at Punggol Digital District’s Tower 80.
UOB’s new S$500 million technology and innovation centre at Punggol Digital District’s Tower 80.

New skills and workforce agency a ‘two-horse chariot’, not ‘two-headed monster’: Minister

The new Skills and Workforce Development Agency will bring together career guidance, skills training and job matching.
The new Skills and Workforce Development Agency will bring together career guidance, skills training and job matching.

Singapore retail sales growth slows to 4.8% in March after February’s festive surge

Retail sales rose in March though the pace of growth in retail sales eased from February.
Retail sales rose in March though the pace of growth in retail sales eased from February.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.