Amazon is set to cut some jobs in Singapore as it phases out local fulfilment operations, while Indonesia-listed PT Wahana Interfood Nusantara Tbk is set to acquire the owner of popular snack brand Momogi.
Amazon cuts Singapore jobs
Amazon will cut a “small number of jobs” in Singapore as it phases out local fulfilment operations, including Amazon Fresh and grocery partners, to focus on cross-border shopping from Amazon’s US, Japan, and Germany stores.
In a post on its website, the company said the move reflects stronger demand from Singapore customers for international products, with most units sold on Amazon.sg coming from its international store.
The company did not disclose the number of jobs affected. Amazon, which launched in 2019 in Singapore, employs about 2,500 people in the city-state.
Amazon said it is working with affected employees to find other roles within the company where possible. Those who do not secure or pursue new roles will receive severance payments and career transition support.
It is also supporting affected vendors and sellers with the transition, including exploring alternative ways to continue serving local customers.
“Amazon remains deeply committed to Singapore and our investments across our retail, global selling, entertainment, devices, and AWS business lines, employing 2,500 people in the country,” the company said.
Wahana Interfood to acquire Sari Murni Abadi
Indonesia-listed chocolate and cocoa producer PT Wahana Interfood Nusantara Tbk has signed a conditional share purchase agreement to acquire up to 99.99% of shares in PT Sari Murni Abadi (SMA) from Singapore-based Metaside Global Holding Pte Ltd. (MGH).
The company, which trades on the Indonesia Stock Exchange under the ticker COCO, said in a disclosure filed on Thursday that the agreement was signed on May 6.
“This type of contract is a conditional agreement relating to the company’s plan to acquire shares held by MGH in SMA, amounting to a maximum of 99.99% of all issued and paid-up shares in SMA,” the company said in the filing.
Wahana Interfood said the proposed acquisition is aimed at opening up “opportunities for the cacao business for international expansion by leveraging complementary distribution networks and capabilities for regional market penetration.”
The deal would also give Wahana Interfood exposure to the snack food segment through SMA, the producer behind the popular snack brand Momogi, which has expanded its footprint in Southeast Asia in recent years.
Wahana Interfood president director Sugianto Soenario said the acquisition would help expand the group’s presence in the broader food and ingredients sector while strengthening access to Indonesia and Vietnam, which he described as two of Southeast Asia’s fastest-growing consumer markets.
The company added that the acquisition is expected to support revenue growth through distribution optimisation in Indonesia and Vietnam, while improving efficiency across procurement, production, and supply-chain operations.
Last year, SMA signed a strategic investment agreement with Vietnam’s PAN Group as part of its international expansion efforts. The company has also expanded manufacturing operations in Vietnam through partnerships with confectionery producer Bibica Corporation.
