The Business Times
business-time-50

JSS kept premium gifts brand Risis afloat so it could pivot to e-commerce, rebrand

google-preferred-sourceAdd BT as a preferred source
Megan Cheah

Megan Cheah

Published Tue, Mar 29, 2022 · 09:50 PM

    Singapore

    JEWELLERY and premium gifts brand Risis has cut its staff strength from 87 at the start of the pandemic to just 49 as of March 2022, due to Covid-19's devastating impact on sales. But without Jobs Support Scheme (JSS) payouts, the cuts might have been even deeper.

    "Some (staff) were let go, while others (left) due to natural attrition and we did not replace them as they were not key positions," said chief executive officer Verene Ng.

    JewelleryCovid-19Jobs Support SchemeWages

    TRENDING NOW

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    The deal for the sale of Scotts Square mall, just off Orchard Road, is said to be in the early stages of being worked out, at a price of about S$320 million.

    Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square

    Under the Philippines’ new policy, up to four EV models will be provided with as much as 15 billion pesos each in fiscal support, in the form of tax payment certificates.

    Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry

    For the roughly 80% of South-east Asian conglomerates that are family-controlled, staging capital against tested validation is critical to survival.

    The factors that make South-east Asia’s top conglomerates stand out

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More