Singapore Weekly Recap: Business Earnings, Anti-Vice Raids and Escalator Trials

The week in Singapore was defined by corporate shifts and law enforcement actions. Local businesses reported mixed results while authorities concluded a large-scale anti-vice operation.

Business and Corporate News

IHH Healthcare is reducing its workforce by approximately 380 employees across Singapore, Hong Kong, and Malaysia to consolidate support services. Meanwhile, OCBC reported a 3 per cent increase in third-quarter net profit, reaching S$2.04 billion and exceeding analyst estimates.

Read more: IHH Healthcare Announces Job Cuts Across Three Markets · OCBC Q3 2026 Net Profit Rises 3% Amid Strong Operations

Law Enforcement and Security

Singapore police arrested 195 individuals between the ages of 18 and 63 following islandwide anti-vice raids conducted from September to October. Additionally, a 31-year-old man was caught at Changi Airport attempting to smuggle 105 One Piece trading cards valued at S$400,000.

Read more: Man Caught at Changi Airport With $400,000 in Trading Cards · Singapore Police Arrest 195 in Islandwide Vice Operation

Public Transport Trials

SMRT has initiated a month-long trial at City Hall and Raffles Place MRT stations to encourage commuters to stand on both sides of the escalator. Observations indicate that standing takes 30 seconds to ascend, compared to 20 seconds for those who walk.

Read more: SMRT Trials New Escalator Rules in Singapore

What to watch next

Commuters may continue to see the escalator trial at City Hall and Raffles Place throughout the month. Future developments regarding the intelligence reports involving Nvidia and local executives could emerge as the situation is monitored.

All 22 stories this week

• Gardenia Clarifies Singapore Operations After KL Claims (Nov 11)
• Singapore Airlines Addresses Business Class Seat Criticism (Nov 11)
• Eddie Howe Rumors: Context Behind Manchester United Links (Nov 10)
• Ang Mo Kio Hawker Dispute Over Duck Meat Sale (Nov 10)
• Singapore Assurance Package: $100-$250 Payouts Start Dec 8 (Nov 10)
• Four Men to Face Charges Over $6M Mortgage Fraud Scheme (Nov 10)
• Villa Vie Odyssey Arrested at Singapore Port (Nov 9)
• Cruise Ship Employee Rescued After Falling Overboard (Nov 9)
• Singapore Police Arrest 195 in Islandwide Vice Operation (Nov 8)
• US Intelligence Report Links Nvidia CEO Jensen Huang to Spy (Nov 8)
• 6.1-Magnitude Earthquake Strikes Off Coast of Tokyo (Nov 8)
• SMRT Trials New Escalator Rules in Singapore (Nov 7)
• Lakers vs Trail Blazers: NBA Matchup Preview (Nov 7)
• India vs New Zealand: Series Opener Result and Updates (Nov 7)
• Man Caught at Changi Airport With $400,000 in Trading Cards (Nov 6)
• Warriors vs Heat: NBA Game Preview and Injury Updates (Nov 6)
• OCBC Q3 2026 Net Profit Rises 3% Amid Strong Operations (Nov 6)
• IHH Healthcare Announces Job Cuts Across Three Markets (Nov 5)
• West Indies vs Bangladesh: Second Test Match Updates (Nov 5)
• Paris Jackson Requests $600M Estate Transfer for Family Trust (Nov 5)
• Thailand Faces Pressure Over Five Detained Uighurs (Nov 4)
• Shinee’s Minho Apologises Following Marathon Controversy (Nov 4)