Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
AsiaMalls Management signed a memorandum of understanding (MOU) with UnionPay International (UPI) to roll out acceptance of UnionPay QR Code payments across all six malls – Hougang Mall, Liang Court, Tiong Bahru Plaza, Tampines 1, White Sands, and Century…
While turnover and gross profit margin slid for watch/optical company Stelux Holdings International for its first half, it managed to cut back on its net loss. Group turnover was down by 6.9 per cent (6.3 per cent foreign-exchange neural) to HK$1.3 billion…
DFS Group has opened its 167sq m wine and spirits duty free store at Singapore Changi Airport’s new Terminal 4. Featuring over 300 brands, Terminal 4 is the first terminal at Changi to offer a ‘walk-through’ retail concept, allowing DFS to introduce new…
Philippine fast-food giant Jollibee International is opening at least 15 more outlets in Singapore in the next five years, with an incursion into Indonesia in 2019. Jollibee president and head of international business Dennis Flores says the Manila-based…
A Singapore Minions Cafe has opened at Orchard Central – the first one to trade outside Japan. Minions, the yellow cartoon characters who made their debut in the Despicable Me movies and have now spurned their own films, will host diners on the mall’s third…
Singapore raised its economic growth forecast for this year to 3 percent to 3.5 percent after third-quarter data beat projections on the back of stronger exports and manufacturing. Highlights of GDP Report Gross domestic product rose at a seasonally adjusted,…
UNITED Overseas Bank (UOB) has introduced two robots, or ‘virtual employees’, that will support its wholesale banking and retail businesses. In a press statement to Human Resources, the bank said its first robot employees, named Amy and Eve, started working…
Stores are upping the ante for Black Friday, the sales extravaganza that begins on Friday (Nov 24). The yearly American shopping affair has gained traction in Singapore and both online and bricks-and-mortar stores are pulling out the stops to attract…
Emirates Leisure Retail (ELR), has expanded its growing footprint across Asia with the launch of Tiger Den at the new Terminal 4 in Singapore’s Changi Airport. The new opening follows ELR’s expansion strategy into the Asian market, which is committed to…
Low-cost airline AirAsia is opening two international routes from Singapore to Medan and Padang, respectively. The new round-trip flights will be available on Feb. 9, 2018. “We are interested in opening [new routes] in Tourism Ministry’s 10 Priority…
KKR & Co-backed Emerald Media led a US$65mil funding round in aCommerce, a Bangkok-based startup that helps brands including Samsung, Unilever and L’Oreal sell their products online across South-East Asia. The four-year-old firm, which already operates in…
While the US formulated online super sales, such as this week’s Black Friday, Asia has adopted the concept with a vengeance. In fact, China has increasingly been exporting Alibaba’s Singles Day (11.11) event, which this month racked up a massive US$35 billion…
Singapore’s best kept anti-aging secret, JYUNKA, has opened their first Concept Center for clients to fully experience the brand’s skin transformation products and pampering facial treatments. The intimately-appointed boutique at Pacific Plaza includes three…
Food-delivery service Deliveroo Singapore may soon run its own table-service restaurant, a potential first for a delivery app. The London-based startup, which launched into Singapore in late 2015, will open remote kitchens across the island next year, one of…
Year-on-year, third quarter final gross domestic product (GDP) was forecast to show growth of 5.0 percent, according to the poll’s median estimate of 11 economists, an improvement from the 2.9 percent growth for April-June. The data will be released on…
Intense pricing competition resulted in losses. Singapore Post’s (SingPost) logistics segment went into the red as operating profits turned into a loss of $4.2m in Q2. According to Maybank Kim Eng, even excluding provisions, the operating profit would have…
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