Work It - Delayed salaries: What can you do when your boss doesn't pay up?
Have a work-related question to ask a career counsellor? Email us at cnapodcasts [at] mediacorp.com.sg
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
35 minutes ago
- CNA
Haidilao Singapore will close its Clarke Quay outlet on Aug 31, eligible members to receive S$20 e-voucher
Hot pot chain Haidilao will shut its Clarke Quay outlet, its first-ever restaurant in Singapore, on Aug 31, following the end of its lease. This follows a series of closures in recent months, including Haidilao outlets at Downtown East and Bedok Mall. In a statement, Haidilao Singapore extended "heartfelt thanks to every customer who has supported [them] along the way". 'This was our very first outlet in Singapore and served as an introduction to Chinese hotpot for many local diners," said a spokesperson for Haidilao Singapore. 'It also holds countless fond memories for our team and guests alike. Looking ahead, we will continue to serve the local market through diverse concepts and elevated dining experiences.' To thank customers who have supported the Clarke Quay outlet, Haidilao Singapore will be giving out over S$800,000 worth of dining vouchers. Eligible members will get an e-voucher worth S$20, redeemable with no minimum spend at any Haidilao outlet in the country. From Aug 18 to 29, those who dine at Haidilao Clarke Quay during selected hours can also take part in a lucky draw to win dining vouchers for Haidilao's sister brands: Hi Hotpot and Hi Noodle.
CNA
an hour ago
- CNA
Singapore Tonight - Wed 13 Aug 2025
From business to politics, health to technology, we bring you up-to-date with the latest news on Singapore and analyze how these events may affect you tomorrow.
CNA
an hour ago
- CNA
Adaptation and resilience: An investment opportunity in a changing world
Around the world, extreme weather events are increasingly affecting communities, industries and businesses – from blizzards in the United States and cyclones in the Bay of Bengal to rising sea levels in Singapore that have prompted plans for the large-scale Long Island reclamation project for coastal protection. These climate-related events are expected to become even more frequent and severe. Global temperatures have now risen by 1.55°C above pre-industrial levels, making 2024 the hottest year on record. While mitigation remains essential, there is a growing urgency to protect communities and assets – making climate adaptation and resilience just as important. This comes amid shifting geopolitical priorities, with some governments and companies showing signs of scaling back on climate goals, said Mr Daniel Oehling, managing director and partner at Boston Consulting Group (BCG). BCG recently teamed up with Temasek on a report titled The Private Equity Opportunity in Climate Adaptation and Resilience. With global spending on climate adaptation and resilience expected to exceed US$1 trillion (S$1.29 trillion) by 2030 and more companies offering scalable, high-demand solutions, the report spotlights this field as a compelling opportunity for private equity investment. Despite the potential, private equity investors have been slow to act, with adaptation and resilience making up less than 10 per cent of total climate-related investments last year. One reason is the belief that safeguarding infrastructure and social systems falls primarily to governments and non-governmental organisations, said Mr Oehling. 'In reality, many of the assets at risk, the corresponding economic impact and the solutions needed lie in the private sector. That's where commercial investors can find meaningful value pools and long-term potential.' Some investors are held back by unfamiliarity with this emerging space and concerns about technology risks, assuming it is dominated by early-stage outfits without stable business models and cash flows. Others struggle to act, as solution providers are often embedded within traditional industries like engineering and construction, making them harder to identify as climate adaptation and resilience companies. To help investors better understand the landscape, the report introduces the Climate Adaptation and Resilience Investment Opportunity Map – a three-layered framework that breaks down the sector into seven impact themes, such as water, infrastructure and agriculture. These themes are further divided into over 50 subsectors – ranging from seawater desalination to wildfire management – and showcase hundreds of practical solutions that span modular flood barriers to smart meters. Mr Oehling said the team used a scoring model that combines current and forward-looking indicators of private and public sector demand, as well as investor activity, to identify subsectors with strong near-term potential. 'This is the first time a tool this comprehensive has been built from a private equity perspective,' he shared. While many investment opportunities in climate adaptation and resilience are still early-stage, the report identifies six segments with strong pipelines of companies that have proven business models, operational scale and steady cash flows – qualities growth and later-stage investors often seek, noted Mr Oehling. Among the six segments, three stand out. The first is climate-resilient building materials – including insulation and waterproof coatings – that are seeing rising demand as mean temperatures climb and extreme weather becomes more common. Mr Oehling expects interest in this area to gather steam, driven by regulations like Australia's National Construction Code, which encourages the use of materials designed to withstand climate hazards. The second is climate analytics and early warning systems, a domain that has expanded rapidly over the past three years. Companies are developing tools with enhanced capabilities – from artificial intelligence-powered weather analytics and hazard detection to catastrophe modelling – that are increasingly used across fields such as agriculture, insurance and supply chain management. 'New regulations, among them climate disclosure laws in the European Union, Singapore, Hong Kong and the United Kingdom, are also driving demand as companies adopt these tools to better understand their climate risk exposures,' added Mr Oehling. The third is climate-adapted agricultural inputs. This refers to resilient crops, stress protection products and advanced fertilisers that help reduce the impact of extreme weather on crop yields. Mr Oehling said this segment is likely to grow as synthetic biology gains wider regulatory acceptance and the industry shifts towards biologicals. 'These three subsectors show the kinds of practical options already available to investors,' said Mr Oehling. 'There are at least 20 others worth exploring.' Tapping into these high-potential areas takes more than just capital. In climate adaptation and resilience, private equity investors can bring valuable expertise in scaling businesses and unlocking value. Their involvement can help solution providers grow efficiently and ensure a steady supply of products to meet rising demand. 'This is a moment of convergence – where doing good and doing well go hand in hand,' said Mr Oehling. 'By acting now, investors can help build a more resilient world while gaining a foothold in one of the defining markets of the future.'
