Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
China-focused BHG Retail REIT has reported a DPU of 1.29 Singapore cents for its 3Q 2016, beating forecast made at listing by 4.9%. However gross revenue for the period came in 6% lower than expected at SGD15.4 million (USD10.9 million), while net property…
President Joko Widodo, along with Singapores Prime Minister Lee Hsien Long, launched the Kendal Industrial Park in Central Java Province as a new model of bilateral economic relationship. “Prime Minister Lee and I agreed that the investment cooperation in…
Indonesia and Singapore agreed to develop cooperation in the tourism sector through the signing of a memorandum of understanding (MoU) in Semarang, Central Java, on Monday. Indonesian President Joko Widodo (Jokowi) and Singapore Prime Minister Lee Hsien Loong…
The World Bank had recently released its October 2016 edition of the Indonesia Economic Quarterly (IEQ), titled, Pressures Easing. In the report, which goes through the state of Indonesia’s economy, the World Bank shared a few pillars that are supporting the…
Singapore Prime Minister Lee Hsien Loong and President Joko Widodo (Jokowi) have issued a joint statement, that a cooperation project being built in Central Java is estimated to create 4,000 jobs. Prime Minister Lee and President Jokowi issued the joint…
After early success in the Philippines, Khun Thai Tea is now eyeing three more Asian markets. The milk tea concept was co-founded by Bronze Media LLP Singapore owners Jeremy Lee and Elis Chai. Lee says the company is about to open its third store in Metro…
V-Key, a global leader in digital security, and Ant Financial Services Group, the leading global tech company that provides online and mobile financial solutions, have entered into a collaboration. Under the partnership, V-Key will provide a virtual software…
The Infocomm and Media Development Authority (IMDA) of Singapore has invited companies to participate in planned trials of Light-Fidelity (Li-Fi) technology. The authority will waive frequency fees associated with Li-Fi trials, and will offer companies…
UK company Dyson, known for its innovative vacuum cleaners and air purifiers, plans to open its own retail stores in India by the middle of next year. It has already sought permission from the Department of Industrial Policy and Promotion (DIPP) to import and…
Singtel has reported a 2.3% decrease in group revenue for its fiscal second quarter to S$4.08 billion (2.89 billion), as the company felt the impact of regulatory changes in Australia. Australian competition regulator ACCC’s decision last year to cut…
Singapore Post has launched its Regional eCommerce Logistics Hub (eComm Log Hub) at Tampines Logistics Park. Costing S$182 million (US$131 million), the hub is SingPost’s largest eCommerce logistics investment in Singapore to date. Officially opened by…
StarHub has launched a new service that provides SMEs with the devices, software and technical support necessary to meet their IT needs at a monthly flat fee. The “device subscription service” was designed to help SMEs seeking to make a successful start…
It is the highest vacancy level since 1Q11. Island-wide, overall vacancy for retail spaces rose 8.4% in 3Q16, recent figures from Urban Redevelopment Authority showed. According to CIMB, this has been the highest level since 1Q11. The brokerage firm noted…
Flag carrier Singapore Airlines (SIA) said on Wednesday (Nov 9) it has delayed plans to launch a new route linking Singapore, Jakarta and Sydney, after Indonesia withdrew its approval due to runway maintenance work. The airline had earlier announced that it…
The forex and contracts for difference (CFDs) market in Singapore is becoming increasingly overcrowded as a result of the inflow of new market participants in the recent past, citing a report by investment researcher Investment Trends. One in seven…
Check out what do Singaporeans buy based on monthly income. On average, shoppers spend S$155 a month, or S$1,860 a year, on retail purchases and travel bookings online. Those with monthly salaries between S$4,000 and S$5,000 spend the most at S$194 a month,…
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