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Twelve Cupcakes under MOM probe for unpaid salaries, abrupt retrenchment of 80 staff

About 80 employees are affected by the local confectionery chain's outstanding salary payments.

MOM said it will take enforcement action against Twelve Cupcakes if they are found to be in breach of the Employment Act.

Quantum AI accelerator opens in S’pore, boosting the Republic’s hub ambitions

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KPMG staff to be rated on AI usage in yearly performance reviews

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CapitaLand Ascendas Reit’s portfolio occupancy dips to 91.3% in Q3; rental reversion slows

SIA earnings likely to stay ‘pressured’ despite over 380,000 discounted tickets, say analysts

‘Bloodied onslaughts’: Experts warn of AI’s growing impact on office jobs

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Invest

Money-smart kids start with money-smart parents

The way parents teach and model financial behaviour has a significant impact on children’s financial well-being.

How parents talk about and handle money teaches children whether the world feels safe and predictable.

On The Job

The vault keeper: The man guarding tonnes of gold and silver

Bonds should be boring, but they’ve been on a roller coaster

Skipping a generation: Lessons from the late Nippon Paint tycoon’s inheritance play

Work & careers

ST Headstart: Investing based on vibes - smart or silly?

ST Headstart: Patching things up with an upset colleague

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ST Headstart: How much degrees matter to employers

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ST Headstart: Should you invest your CPF?

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ST Headstart: Dealing with feuds at work

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Singapore companies

Air India seeks $1.47 billion lifeline from SIA and Tata, Bloomberg News reports

The move follows a deadly Air India crash in June that killed more than 240 passengers.

Air India, which saw a deadly crash in June that killed more than 240 passengers., is pushing to restore its reputation and modernise its fleet.

Cordlife’s executive chairman resigns after less than 5 months in the role

Twelve Cupcakes closes down with about 80 staff affected; union says not given advance notice

CapitaLand Ascendas Reit’s portfolio occupancy dips to 91.3% in Q3; rental reversion slows

Latest

Money-smart kids start with money-smart parents

How parents talk about and handle money teaches children whether the world feels safe and predictable.

Wall Street gains on Amazon boost but rate caution tempers enthusiasm

Traders working on the floor of the New York Stock Exchange, in New York City, on Oct 30.

Bonds should be boring, but they’ve been on a roller coaster

Despite reassuring bond returns lately, troubles abound in what was once a sleepy haven for risk-averse investors.

Quantum AI accelerator opens in S’pore, boosting the Republic’s hub ambitions

There is a lot of excitment, a lot of money, in quantum investing now, said a panel moderated by Ms Lisa Schroeder, accelerator director, Qai Ventures Singapore, and (from left) Dr Rajeeb Hazra, chief executive, Quantinuum, Mr Ling Keok Tong, executive director, national quantum office, Ms Alexandra Beckstein, CEO Qai Ventures, Dr Ying Chen, director, centre for quantitative finance, NUS.

Source and Credit: QAI VENTURES

CapitaLand Ascendas Reit’s portfolio occupancy dips to 91.3% in Q3; rental reversion slows

An office building in Australia that is part of Clar's portfolio. The Reit's manager expects portfolio rental reversion for the full year “to be in the positive low double-digit range”.

KPMG staff to be rated on AI usage in yearly performance reviews

The firm is already tracking how staff are using AI based on data from tools such as Microsoft's Copilot.

Twelve Cupcakes under MOM probe for unpaid salaries, abrupt retrenchment of 80 staff

MOM said it will take enforcement action against Twelve Cupcakes if they are found to be in breach of the Employment Act.

Singapore shares fall amid mixed regional trading; STI down 0.2%

Across the broader market, losers outnumbered gainers 299 to 268, after two billion securities worth $1.4 billion changed hands.

Twelve Cupcakes staff gather at MOM services centre to seek recourse after chain closes

Twelve Cupcakes announced on Oct 30 that it had closed down and gone into provisional liquidation.

Nvidia forges AI deals with South Korea’s biggest companies

Samsung’s Jay Y Lee, Hyundai’s Chung Euisun and Nvidia’s Jensen Huang at a fried chicken restaurant in Seoul on Oct. 30.

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