Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Owndays Singapore is continuing its expansion and says it believes the city can sustain 30 of its stores. The Japanese eyewear retailer recently opened its 23rd Singapore store, inside Clementi Mall. The 1173 sqft store features a new element – a counter with…
The newly opened Melissa Singapore shoe store is larger than the hip footwear label’s other flagships in Sao Paulo, London and New York. The brand’s dance-inspired range is spread out over 1700 sqft of space dubbed MDreams, in the Raffles City shopping…
Two in three Singaporeans have adopted mobile payments, according to recent research into consumer payment attitudes commissioned by Visa. The survey was conducted by Toluna on 500 Singaporeans to assess their attitudes toward cash and card usage, mobile…
Singapore’s M1 has reported a 17.6% slump in net profit for the first half of the year to S$68.8 million ($50.3 million) as a result of flat revenue and higher depreciation and interest expenses. Service revenue stayed at $406.2 million despite a 22.3%…
Bank Mandiri, Indonesia’s largest state-owned lender, on Wednesday said it is seeking to establish a private banking business in Singapore. The move comes amid a global crackdown on tax evasion that has exposed vast Indonesian wealth parked in the city-state.…
Non-oil domestic exports (NODX) bounced back in June, topping expectations with an 8.2 per cent increase from the year earlier, with a strong rise in non-electronic shipments offsetting a smaller increase in electronic sales. Analysts polled by Bloomberg had…
Siemens has launched its first fully integrated Digitalization Hub in Singapore in a bid to bring its expertise and innovations in the IoT to the Southeast Asian market. The company will be co-creating future digital applications with customers and partners…
New brands will join The Shoppes at Marina Bay Sands in the next few months. They include award-winning Singapore fashion label In Good Company, which will showcase its signature womenswear and Mini Me collections for children three to eight years old. The…
Singapore has set a three-year target to grow the share of e-commerce from the current 3 per cent to 10 per cent of total receipts. This would match where China was three years ago, according to Senior Minister of State for Trade and Industry Sim Ann. She…
Indonesias finance minister Sri Mulyani said here on Thursday that Singapore was ready to provide information about the financial data of Indonesian citizens as part of the implementation of Automatic Exchange of Information (AEOI) program for tax purposes.…
A surge in takings at petrol pump stations lifted Singapore‘s retail sales in May, though a broad fall in sales by food retailers and other consumer goods sellers has left shops and restaurants here worried. Total retail turnover in May was S$3.7 billion, up…
Singapore Airlines has increased the number of its weekly flights on the Dhaka-Singapore route from seven to 10. The new flights will be operated on Sundays, Wednesdays and Thursdays from July 19 with an Airbus A330 aircraft, the airline said in a statement.…
Consoveyo Singapore, part of Körber Logistics Systems, is proud to announce new projects with Zuellig Pharma Vietnam Ltd (Zuellig Pharma) in Vietnam and Thai Tobacco Monopoly (TTM) in Thailand. For both projects, Consoveyo will provide automated logistical…
The government is to hunt down tax money from Indonesians who park their money in Singapore, following an offer from Singapore to allow Indonesia to access the financial data of Indonesians in the neighboring country. Singapore and Indonesia are soon to sign…
Singapore Myanmar Investco Limited has reported revenue of US$13.3 million in its travel and fashion retail segment for the year ended 31 March 2017. Subsidiary SMI Retail only began duty free operations at Yangon International Airport in September 2016,…
Giti Tire, the 10th largest tire company in the world based in Singapore, is on track to open its first first North American manufacturing facility on a 1,100-acre site, 170 miles northeast of Charleston, in Richburg, South Carolina. The company expects to…
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