Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Rents in the Central region may fall 6-8% in Q4. The outlook for Singapore’s retail sector for the last three months of the year remains subdued, with weak retail rents made worse by retailers consolidating outlets to streamline cost. Average island-wide…
The property has already seen 80% commitment from tenants. Prospective tenants of Guoco Tower should be ready to move in anytime as Guocoland secures temporary occupation permit for the office and basement retail component of the building. In a statement,…
In just 14 years, the real estate investment trust (Reit) industry in Singapore has drastically transformed the country’s investment property landscape, making it one of the most admired in the Asia Pacific. The Singapore Reit industry now ranks third in size…
Singapore’s retail sector is going through a rough patch. As the economy slows, shops are being boarded up and retail rents are falling. And yet, amid this gloom, consumers continue to spend – though there is a shift in the pattern and quantum of their…
The three local banks are not having a good year, mostly due to forces beyond their control, but they seem to be also scoring own goals – missing opportunities right on their doorstep, our South-east Asian neighbours. The past two decades have been a waste in…
India and Singapore have signed an agreement to promote innovation, creativity and technological advancement in both markets. According to the official statement released, “The MoU will enhance bilateral cooperation activities in the arena of industrial…
South Korea continued to have the highest average connection speed in the world at 27 Mbps while Singapore maintained its position as the country with the highest average peak connection speed at 157.3 Mbps. These were among the findings of the Akamai…
Website SGbuy4u was found selling fake Calvin Klein goods after investigators successfully purchased imitation wallets and underwear from the website. Calvin Klein’s case against Singapore-based Global PSM marked the first reported suit that involved a…
Fortis Healthcare said it´s Mauritius subsidiary Fortis Healthcare international Ltd, has will take a loan of SGD 165 mln (Rs 77.6 crore) from Singapore-based Consortium of Bankers. “Fortis Healthcare Ltd has being holding the company, is giving guarantee on…
Xiaomi phones are finally available offline in southeast Asia as the company has opened a shop outside greater China for the first time ever. The sunny island state of Singapore hosts the first Mi Home store to open outside of China, Hong Kong and Taiwan. The…
Twenty-year franchise rights for McDonald’s Malaysia and Singapore outlets have been conditionally sold to a Saudi Arabian group for up to US$400 million. Reza Food Services, which owns McDonald’s restaurants in Saudi Arabia, is seeking finance from Malaysian…
TravelersBox kiosks are being launched in Asian airports allowing travellers to deposit their leftover foreign coins into their preferred online accounts. More than 40 are expected to be service by the end of the year. TravelersBox is the first service…
Singapore retail rents slipped during the last quarter – but experts say the outlook is not too grim. According to Edmund Tie & Company Research, average monthly retail gross rents across the island eased by 1.2 per cent quarter-on-quarter to about $29.30 per…
CapitaLand Mall Asia is stepping up its investment in India. During a visit by Singapore’s Prime Minister Lee Hsien Loong to The Celebration Mall in Udaipur (pictured) , wholly owned by CapitaLand Mall India Development Fund, CapitaLand Mall Asia announced…
The administration of Riau Islands city of Batam will facilitate the export of products manufactured by the Indonesian Micro, Small and Medium Enterprises (SMEs) to Singapore, an official has stated. “We are trying to facilitate (the export of products),…
Despite shortlisting several bidders for the McDonald’s Singapore and McDonald’s Malaysia franchise rights, Malaysian subsidiary Golden Arches Restaurants says it is not in a hurry to sell. MD Azmir Jaafar says the deal is being discussed with the shortlisted…
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