Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Cash is not accepted for coffee at Singapore’s Ducatus Cafe, which has officially opened at Oxley Tower on Robinson Road. Owned by cryptocurrency mining company Ducatus Global, the cafe does not take cash, depending on credit cards and, of course,…
Singaporean mobile payment app SpherePay has introduced a “micro-loan” concept for its users. It is the first mobile payment app to offer a buy-now-pay-later scheme, which it terms advanced credit. A QR code enables payments. Users must be at least 18 years…
Specialising in electronics, IT and furniture, COURTS Singapore has put more than a year into researching and redesigning its in-store experiences and omni-channel customer journey. The results are two recent announcements: the relaunch of its e-commerce…
Higher rental income has helped boost first-quarter turnover at SPH Reit, which owns two malls, Paragon in Orchard and The Clementi Mall in Clementi. Both properties continued their track record of full occupancy amid headwinds in the retail environment, says…
China and Japan continue to grow as key markets for Swiss watches, reports the Federation of the Swiss Watch Industry. China had its strongest growth for 30 months at 39.8 per cent, while Japan, up 22.5 per cent, showed strong growth for the second month in…
In mid-September, China’s central bank, the People’s Bank of China (PBOC), told virtual currency trading platforms based in Beijing and Shanghai to cease market operations. Authorities also clamped down on ethereum and any other electronic units that are…
The Independent Consumer and Competition Commission (ICCC) has announced the new retail fuel prices for this month, which will take effect on January 8, 2018. According to the ICCC’s calculations, retail fuel prices for petrol, diesel and kerosene will…
CapitaLand China is about to sell 20 malls across China, following a year of record openings for the Singapore group. Through its wholly owned subsidiary CapitaLand Mall Asia, CapitaLand has signed agreements with unrelated parties to divest its share of…
Singapore’s DBS Bank and insurer Chubb have signed a bancassurance agreement to distribute home, contents and selected personal accident and supplemental health (A&H) insurance products as well as general insurance products for SMEs. Effective 1 January 2018,…
Marks & Spencer has confirmed the sale and franchise of its retail business in Hong Kong and Macau to its long-established franchise partner Al-Futtaim. The two companies all but confirmed the sale in August and settlement took place on December 30.…
French outdoor lifestyle brand Aigle has arrived in Southeast Asia – with a flagship store in Uptown Mall, Taguig City in Metro Manila, the Philippines. “Filipinos are very fashion-forward, and Aigle marries both style and reliability in outdoor wear,” says…
Singapore retail rents stabilised island-wide in the last quarter of last year, according to real estate specialists Edmund Tie & Company. In the company’s quarterly Real Estate Times research report, ETC said monthly rents of ground-floor space in the…
Electronics, IT and furniture retailer Courts Singapore has relaunched its website and reopened its Tampines megastore after transforming it to offer customers an omni-channel experience. Built by e-commerce agency SmartOSC, the new Courts Online store has…
Hong Kong private equity property group Gaw Capital Partners (GCP) is keen to expand its presence here after investing around $500 million in Singapore in recent years. It made its intentions clear last month when it completed the $342 million acquisition of…
CapitaLand India plans to divest six retail malls and its half-share in CapitaLand Retail Prestige Mall Management, which manages some of the properties. Singapore-headquartered CapitaLand has entered into definitive agreements to divest: * Its respective…
In the industrialized zone of western Singapore some of the only night owls are electricity traders on 24-hour shifts, bidding prices for a commodity traded at half-hour intervals because it cannot be stored and shipped like oil or gold. Singapore has come a…
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