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Singapore Retail News

Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.

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20 Nov 2016

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Latest Singapore retail stories

Coral Blue Galaxy S7 Edge
Aiko TanakaElectronics

Coral Blue Galaxy S7 Edge coming to Taiwan in November

It’s rare to call anything “absolutely stunning,” let alone a blue and slightly orange phone of all things, but Samsung managed to extract that statement out of him when he had some hands-on with the Galaxy Note 7 (RIP). And I wasn’t the only one to think…

Actxa
Sarah ChenLiving

Actxa named partner for Singapore fitness programme

Fitness wearables brand Actxa has been appointed as one of the official technology partners of the second National Steps Challenge (NSC) by the Singapore Health Promotion Board (HPB). Fuelled by the nation’s positive response to the physical activity…

Jurong Point
Minjun ParkReal Estate

Proposed sale of Jurong Point mall draws mixed views

Experts in the property industry are divided on how much interest Jurong Point — which has been put up for sale with a price tag of more than S$2 billion — will garner, given the current retail climate and hefty price tag. The mixed views come after reports…

Sheng Siong
Maria SantosGeneral

Sheng Siong’s net profit expands 8.2% to $15.7m in Q3

Even with the sluggish retail sales numbers published by the Department of Statistics, Singapore’s supermarket giant Sheng Siong reported a considerable improvement in earnings for 3Q16. According to the group’s announcement, its net earnings jumped $15.6m,…

Singapore
Maria SantosTelecom

Singapore ranks 2nd in global connectedness

Singapore is the world’s most connected and globalized country, according to DHL’s Global Connectedness Index (GCI). All but two of the top 10 most globalized countries in the world are located in Europe, with Singapore and the United Arab Emirates as the…

capitaland
Rajiv MenonReal Estate

CapitaLand’s retail REIT records 6.7% fall in 3Q 2016 DPU

CapitaLand Mall Trust has posted a DPU of 2.78 Singapore cents for its 3Q 2016, a year-on-year fall of 6.7% compared to the 2.98 cents achieved in the corresponding period of 2015. Gross revenue for the period improved by 4.9% to SGD170 million (USD121…

singapore tourism
Rajiv MenonGeneral

Real Singapore retail sales ease up in September

Real Singapore retail sales recovered marginally month-on-month in September after a series of declines. Real retail sales, are the figures excluding motor vehicles. They rose 0.7 per cent against August but fell 1.9 per cent on September 2015. Sales…

ecommerce
Aiko TanakaE-Tailing

Asia Pacific leads for mobile cross-border shopping

Asia Pacific leads the world in mobile cross-border shopping, according to the third PayPal Annual Global Report, released in conjunction with global market research company Ipsos. With its investigation of the online domestic and cross-border shopping habits…

AntFinancial 1
Sarah ChenFinance

Ant Financial deploys V-Key tech for m-payment security

Ant Financial Services Group has deployed technology from Singapore-based V-Key to augment mobile payment security. V-Key will provide a virtual software solution called V-OS for Ant Financial to secure transactions on e-Commerce platform AliExpress, Ant…

7 eleven sign1
Minjun ParkGeneral

7-Eleven Singapore ups its game

7-Eleven Singapore convenience stores are about to have a makeover, with some of them being enlarged by 30 per cent to offer freshly prepared meals and seating. COO Steven Lye says the chain will stock premium products, introduce seating areas and create a…

MyRepublic 1
Maria SantosTelecom

MyRepublic, TPG to bid for Singapore mobile license

Singapore’s Infocomm and Media Development Authority has pre-qualified ISP MyRepublic and Australian telecoms group TPG Telecom to participate in an auction for a fourth mobile license. MyRepublic and TPG will bid for a 60-MHz lot of spectrum in the 900-MHz…

Tradehero
Maria SantosFinance

Gamified Trading App TradeHero’s Brand Acquired by Ayondo

Ayondo, a social trading technology developer for the financial services industry, has acquired the TradeHero brand, a Singapore-based trading gamification app. The acquisition for TradeHero’s brand outside of China and the United States, expands ayondo’s…

neo catering
Maria SantosFood

Neo Group’s 1H net profit soared 65.7% to $0.4m

Singapore’s food catering group, Neo Group announced that its revenue for the six-month period ended 30 September 2016 (1H2017) grew 29.6% to S$67.4 million from S$52.0 million in the equivalent period last year. Improved performance across most business…

Lattice80
Minjun ParkE-Tailing

FinTech hub opens in Singapore

LATTICE80, a not-for-profit FinTech Hub, has opened an innovation facility in Singapore’s central business district. The new two level facility has been established with the aim of supporting FinTech firms with product development, testing and go-to-market…

Retail Academy: Singapore

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