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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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‘It is not AI instead of workers’: NTUC’s Desmond Tan at Synagie’s new AI platform launch

NTUC deputy secretary-general Desmond Tan at the launch of Singapore-headquartered firm Synagie’s new AI platform Geene 2.0.
NTUC deputy secretary-general Desmond Tan at the launch of Singapore-headquartered firm Synagie’s new AI platform Geene 2.0.

‘Online shopping is not for us’: Shoppers lament Metro’s planned Paragon, Causeway Point exit

Footfall at Metro’s Causeway Point outlet and the rest of the mall was light on July 21.
Footfall at Metro’s Causeway Point outlet and the rest of the mall was light on July 21.

Supermarket chain Sheng Siong to build $520m facility with capacity to support over 120 stores

Deputy Prime Minister Gan Kim Yong (centre) and Sheng Siong chief executive Lim Hock Chee (centre, right) arriving at the ground-breaking ceremony for Sheng Siong’s $520 million Integrated Headquarters and Distribution Centre in Sungei Kadut on July 13.
Deputy Prime Minister Gan Kim Yong (centre) and Sheng Siong chief executive Lim Hock Chee (centre, right) arriving at the ground-breaking ceremony for Sheng Siong’s $520 million Integrated Headquarters and Distribution Centre in Sungei Kadut on July 13.

As AI reshapes advertising and marketing, six South-east Asian groups form alliance

At the launch of Asia Admarcom Alliance in Singapore on July 9 were Senior Minister of State for Digital Development and Information Tan Kiat How (fourth from left), Association of Advertising & Marketing Singapore president Chloe Neo (fifth from left) and other Asian advertising and marketing association representatives (from left) Dian Gemiano, Nicholas Sagau, Miko David, Chaiyapong Lapliengtrakul and Dinh Le Dat.
At the launch of Asia Admarcom Alliance in Singapore on July 9 were Senior Minister of State for Digital Development and Information Tan Kiat How (fourth from left), Association of Advertising & Marketing Singapore president Chloe Neo (fifth from left) and other Asian advertising and marketing association representatives (from left) Dian Gemiano, Nicholas Sagau, Miko David, Chaiyapong Lapliengtrakul and Dinh Le Dat.

Supermarket and minimart chain Hao Mart faces fifth High Court lawsuit

Hao Mart has been grappling with widening losses and a shrinking store network. 
Hao Mart has been grappling with widening losses and a shrinking store network. 

SMU launches capital markets initiative to help tackle poor stock market valuations in S’pore, Asia

The Singapore Capital Markets Initiative was officially launched on July 7.
The Singapore Capital Markets Initiative was officially launched on July 7.

Singapore retail sales grow for fourth straight month but at slower pace

The estimated total retail sales value in Singapore in May stood at $4.5 billion.
The estimated total retail sales value in Singapore in May stood at $4.5 billion.

Singapore Retail Festival returns, with three weeks of themed weekend experiences, live-stream shopping

Singapore Retail Festival will feature promotions, rewards, and experiences across participating retailers, both in-store and online
Singapore Retail Festival will feature promotions, rewards, and experiences across participating retailers, both in-store and online

Regional trade bloc CPTPP welcomes reopening of Strait of Hormuz, steps up expansion efforts

Vessels at the Strait of Hormuz, seen from Musandam, Oman, on June 1.
Vessels at the Strait of Hormuz, seen from Musandam, Oman, on June 1.

Jobless woman stuck with company directorships she cannot legally quit

Michelle Wong, a 37-year-old woman who is officially listed as a director of more than a dozen companies, is in reality unemployed.
Michelle Wong, a 37-year-old woman who is officially listed as a director of more than a dozen companies, is in reality unemployed.

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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.