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WeWork to open 2 new locations in Singapore amid cost-cutting drive

WeWork to open 2 new locations in Singapore in December. #YahooFinance

10/10/2019 7:50:00 AM

WeWork to open 2 new locations in Singapore in December. YahooFinance

Office-sharing startup WeWork on Thursday said it will open two new locations in Singapore this year, even as its seeks a $1 billion lifeline from its biggest-backer Softbank Group Corp to progress a major restructuring. The New York-based startup, which had to abandon an initial public offering last

The New York-based startup, which had to abandon an initial public offering last week because of investor concerns about how it was valued and its business model, will open new locations at 83 Clemenceau Avenue and 30 Prinsep Street, it said in a statement.

'Cruises to nowhere' from S'pore set to resume; STB to launch safety guidelines for cruise lines 23 new COVID-19 infections in Singapore; 3rd case linked to man who went to work at Changi Airport COVID-19: Singapore to lift border restrictions for some visitors from Australia, Vietnam

The surprise plan to boost its footprint in the city state contrasts with reports of its parent, The We Company, considering a curb on expansion plans in China as part of the company's new emphasis on controlling costs.The loss-making start-up is looking to trim its workforce and slow expansion to preserve cash as it seeks alternative sources of funding, sources have told Reuters.

WeWork currently has 25 locations across Southeast Asia. Read more: Yahoo Singapore »

Sexual offences, quotas and serving NS: K Shanmugam speaks frankly about women’s issues

After launching a series of public engagements on women’s issues in a move towards greater gender equality on Sunday (Sep 20), Home Affairs and Law Minister K Shanmugam sits down with Lin Suling to talk about gender relations, the law and sexual offences, and women in the workplace. He also gives his take on whether quotas would work and responds to comments about women serving National Service.

WeWork to open two new locations in Singapore amid cost-cutting driveOffice-sharing startup WeWork on Thursday (Oct 10) said it will open two new locations in Singapore this year, even as its seeks a US$1 billion ...

WeWork to open two new locations in Singapore amid cost-cutting driveOffice-sharing startup WeWork on Thursday (Oct 10) said it will open two new locations in Singapore this year, even as its seeks a US$1 billion ...

Enterprise Singapore to review its programme to drive business excellenceENTERPRISE Singapore is undertaking a 'comprehensive review' of the Business Excellence initiative to ensure its relevance, given that companies are faced with shifting challenges. Read more at The Business Times.

UN may run out of money by end of the month: GuterresThe United Nations is running a deficit of $230 million, Secretary General Antonio Guterres said on Monday, and may run out of money by the end of October. In a letter intended for the 37,000 employees at the UN secretariat and obtained by AFP, Guterres said unspecified 'additional stop-gap measures

Asia markets sink as US-China standoff worsens; Singapore stocks down 0.4% at openTOKYO (REUTERS) - Asian stocks fell the most in a week on Wednesday (Oct 9) as the United States and China's ever-expanding dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth.. Read more at straitstimes.com.

Singapore shares open lower on Wednesday; STI down 0.4% to 3,099.40SINGAPORE shares tracked Wall Street's late session selloff overnight to open lower on Wednesday, with the Straits Times Index losing 0.4 per cent, or 11.45 points to 3,099.40 as at 9.02am. Read more at The Business Times.