The closures don't stop – Omakase place The Social Outcast announces last service on 30 Mar
The latest closure announcement is from The Social Outcast, whose final service at their popular Katong outlet will be on 30 Mar 2025. They will be hosting a BBQ Block Party on 29 and 30 Mar 2025 as a final send-off.
In an Instagram post on The Social Outcast's account, founders Aminurrashid Hasnordin (also known as Mint) and Noelle Chua announced the closure. It was not sudden, or 'because things had gone south' – in fact, they had been planning it for at least the past year. Now that every goal they had set for themselves was met, it was time for them to step back and take a rest.
The announcement was made with 'joy in their hearts', providing a bittersweet ending to The Social Outcast's current chapter. A previous interview with Noelle revealed that the restaurant struggled with staffing issues. Mr Aminurrashid has also confided that he was unable to find talent, and even if he did, it was difficult to hang on to them as they'd eventually be snatched up by bigger players in the F&B scene.
This lack of manpower was the biggest pain point for him, more so than increasing rental and ingredient costs. He says that he would have considered staying on if he 'had three or four talented chefs and a general manager' because he would then have had space to do other tasks and grow the business.
However, Mr Aminurrashid and Ms Noelle say that the closure 'isn't the end' for The Social Outcast brand. They intend to run popups and private dining events alongside exploring other opportunities, such as opening outlets overseas.
Big Dot Chicken ceasing operations, to close in April or earlier
The post The closures don't stop – Omakase place The Social Outcast announces last service on 30 Mar appeared first on SETHLUI.com.
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The approval of the package comes despite the growing optimism that the US and EU will reach a deal that would put baseline tariffs on the bloc at 15%, matching the level the US applied to Japan. The EU is keen to reach a deal with the US but as a cautionary measure has approved 30% tariffs if a deal is not made. A report in the Wall Street Journal on Thursday said that the European Union has now approved its retaliatory tariff package on US goods that could start in August if no trade agreement is reached. The EU announced on Wednesday that it will hit the US with 30% tariffs on over $100 billion worth of goods in the event that no deal is made and if President Trump decides to follow through with his threat to impose that rate on most of the bloc's exports after Aug. 1. The US exports, which would include goods such as Boeing (BA) aircraft, US-made cars and bourbon whiskey would all face heavy tariffs that match Trump's 30% threat. The approval of the package comes despite the growing optimism that the US and EU will reach a deal that would put baseline tariffs on the bloc at 15%, matching the level the US applied to Japan. The EU is keen to reach a deal with the US but as a cautionary measure has approved 30% tariffs if a deal is not made. Trump tariffs wreaking havoc in Brazil's citrus belt Reuters reports: Read more here. Reuters reports: Read more here. South Korea weighs US investment pledge to trim auto tariff Trade discussions between the US and South Korea have led both sides to investigate the idea of creating a fund to invest in American projects. A report said this possible deal would be similar to the agreement Japan struck Tuesday with President Trump. The details of the plan are still not clear, but the US has been seeking pledges totaling hundreds of billions of dollars. However, further talks on a deal between the two sides may have to wait as a trade meeting between the US and South Korea has been postponed after Treasury Secretary Scott Bessent became unavailable due to a scheduling conflict, South Korea's Finance Ministry said Thursday. Bloomberg reports: Read more here. Trade discussions between the US and South Korea have led both sides to investigate the idea of creating a fund to invest in American projects. A report said this possible deal would be similar to the agreement Japan struck Tuesday with President Trump. The details of the plan are still not clear, but the US has been seeking pledges totaling hundreds of billions of dollars. However, further talks on a deal between the two sides may have to wait as a trade meeting between the US and South Korea has been postponed after Treasury Secretary Scott Bessent became unavailable due to a scheduling conflict, South Korea's Finance Ministry said Thursday. Bloomberg reports: Read more here. 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- Yahoo
Sony looking to divest cellular chipset division
Sony Group is evaluating the potential sale of its cellular chipset business, Sony Semiconductor Israel, reported Reuters, citing three sources. This divestment is part of the company's strategy to focus on its entertainment operations. The Japanese conglomerate is collaborating with investment bankers to explore the sale, which is still in its preliminary phase, the sources indicated. The division, previously known as Altair Semiconductor, generates approximately $80m in annual recurring revenue and could be valued at around $300m in a potential transaction, they added. The business, which supplies cellular chipsets for connected devices such as wearables, smart meters, and home appliances, is expected to draw interest from both financial investors and companies within the semiconductor sector, the sources told Reuters. Sony declined to comment, and the sources spoke on condition of anonymity as the discussions are not public, the report noted. Sony acquired the Israel-based unit in 2016 for $212m. The company has increasingly prioritised its entertainment divisions, including games, movies, and music, which accounted for over 60% of its profit last year. As part of its portfolio restructuring, Sony is also preparing for a partial spinoff and direct listing of its financial services arm later this year. In April 2025, Bloomberg also reported that Sony is considering spinning off its semiconductor unit, potentially making Sony Semiconductor Solutions an independent entity this year. The spinoff would involve distributing most of Sony's chip business holdings to shareholders while retaining a minority stake. "Sony looking to divest cellular chipset division" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
