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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

Sheng Siong working to keep prices affordable despite Iran war impact on costs

Sheng Siong is managing rising costs through diversified sourcing while keeping essential items available and competitive.
Sheng Siong is managing rising costs through diversified sourcing while keeping essential items available and competitive.

Singapore malls see fresh wave of deals, revamps that will reshape retail scene

ST takes a look at the recent moves across both major and heartland malls in Singapore.
ST takes a look at the recent moves across both major and heartland malls in Singapore.

Plaza Singapura to get $160 million revamp that will ‘extend park experience indoors’

Artist’s impressions of Plaza Singapura’s atrium featuring updated shopfronts and immersive LED display screens.
Artist’s impressions of Plaza Singapura’s atrium featuring updated shopfronts and immersive LED display screens.

Hao Mart shuts stores, sinks deeper into losses with four High Court lawsuits looming

ycmart/ST20260411_202687200531/Ng Sor Luan/Generics of HAO Mart in Whampoa Drive on April 11, 2026.
ycmart/ST20260411_202687200531/Ng Sor Luan/Generics of HAO Mart in Whampoa Drive on April 11, 2026.

Shareholder questions S’pore construction firm OKP’s large cash pile, board defends strategy

OKP Holdings says strong cash reserves are needed to support projects and manage risks in construction.
OKP Holdings says strong cash reserves are needed to support projects and manage risks in construction.

Oxley boss behind billion-dollar lawsuit in Australia: Who is ‘shoebox king’ Ching Chiat Kwong?

Mr Ching began his career as a police officer after national service, before moving into construction and eventually property development.
Mr Ching began his career as a police officer after national service, before moving into construction and eventually property development.

askST Jobs: I think I am being ‘quietly fired’. What should I do?

In Singapore, the term "quiet firing " is not defined in law.
In Singapore, the term "quiet firing " is not defined in law.

OCBC wealth advisers get Gen AI training to sharpen skills and serve customers better

OCBC wealth adviser Ng Zuolin says the Gen AI training programme has improved how she engages customers.
OCBC wealth adviser Ng Zuolin says the Gen AI training programme has improved how she engages customers.

Singapore retail sales rebound in February on CNY boost, but outlook clouded by Iran war

Chinese New Year gave a year-on-year lift to retail sales in February, reversing January’s decline, though a month-on-month pullback could be flagging slowing growth.
Chinese New Year gave a year-on-year lift to retail sales in February, reversing January’s decline, though a month-on-month pullback could be flagging slowing growth.

Yeo Hiap Seng axes 25 S’pore jobs as can production shifts to Malaysia; no change to drinks prices

Drinks maker Yeo Hiap Seng (Yeo’s) will lay off 25 employees at its Senoko facility as it consolidates can manufacturing operations in Malaysia,
Drinks maker Yeo Hiap Seng (Yeo’s) will lay off 25 employees at its Senoko facility as it consolidates can manufacturing operations in Malaysia,

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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.