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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

Recent layoffs at e-commerce firms like Lazada reflect sector’s maturation, not decline: Analysts

Analysts say the cuts reflect a maturing industry that is now prioritising profitability, efficiency and the wider adoption of AI.
Analysts say the cuts reflect a maturing industry that is now prioritising profitability, efficiency and the wider adoption of AI.

Lazada joins growing list of firms cutting jobs in Singapore. Here are the others

Lazada has become the latest company in Singapore to cut jobs amid ongoing restructuring in various sectors.
Lazada has become the latest company in Singapore to cut jobs amid ongoing restructuring in various sectors.

Course enrolments soar as AI fever grips Singapore

Training providers like Heicoders Academy told The Straits Times that growing interest in AI has translated into larger class sizes, higher revenue and increasing demand from both individual learners and corporate clients.
Training providers like Heicoders Academy told The Straits Times that growing interest in AI has translated into larger class sizes, higher revenue and increasing demand from both individual learners and corporate clients.

Orange Yakult: Rest in peach, you will be missed by your loyal fans

Teacher Brenda Chew made a trip down to NTUC FairPrice at Bishan specially to buy the orange Yakult.
Teacher Brenda Chew made a trip down to NTUC FairPrice at Bishan specially to buy the orange Yakult.

Uptick in S’pore retail sales extends into April as spending holds up amid Middle East crisis

Higher sales across most retail segments drove growth in April.
Higher sales across most retail segments drove growth in April.

From nicknames to masked names: How to know if you’re paying the right person on PayNow from June 6

From June 6, PayNow will show selected letters of recipients' official names instead of nicknames.
From June 6, PayNow will show selected letters of recipients' official names instead of nicknames.

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.

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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.