Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
In 2014 Singapore was one of the first countries in the world to build a 27/7, real-time interbank fund transfer system, called Fast. However, cash in circulation is 8.8% of GDP, compared to 4.4% in Australia and 2.12% in Sweden. Nearly 13 cheques per person…
Singapore Telecommunications announced a net profit of S$944 million for its first quarter ended June, up 0.3 per cent on the year, mainly due to stronger contributions from its mobile affiliates in Indonesia. Singtel’s sales fell 7.1 per cent on the year to…
The Swedish fast-fashion brand, H&M has set September 10 as launch date for its beauty line in Asia. After making its debut late last year, H&M beauty line will come to its Asian customers this September, with Singapore as the first destination. The first two…
Singtel has confirmed it has arranged to indirectly increase its stake in Thai mobile affiliate AIS, and revealed it will also increase its share in India’s Bharti Airtel. The operator announced it has entered a conditional agreement to acquire 21% of Thai…
CropLife Asia announced today that it has signed a Memorandum of Understanding (MoU) with the Asian Apicultural Association (AAA) to support a research initiative to catalogue and study the bee species and populations in Asia. CropLife Asia Executive Director…
Beauty retailer The Luxasia Group has appointed former SingPost CEO Dr Wolfgang Baier as group CEO, while founder/owner Patrick Chong has become chairman. “Luxasia is now at an important crossroads,” says Chong. “We intend to grow with our international…
Australasian services retailer Mister Minit is to expand its retail presence in SE Asia after stellar growth in Malaysia and Singapore. The company says it is experiencing an increasing appetite for its personal services among time-poor shoppers. For the…
Geneva-based luxury goods company Chopard Singapore failed to notice it was missing S$11.2 million until a government investigator started looking into the embezzlement after a tip-off. Now the former accounting manager of the luxury goods company, known for…
Retail sales in Singapore rose 0.9 per cent in June compared with the previous year, mainly due to a jump in sales of motor vehicles, the Department of Statistics (SingStat) said on Monday (Aug 15). However, excluding motor vehicles, retail sales dipped 3.0…
Singtel is reportedly in talks regarding indirectly increasing its stake in Thailand’s top mobile operator AIS. The operator is negotiating with Temasek Holdings regarding a sale of part of the investment company’s 41% stake in Intouch, a major shareholder in…
IT has only been a week since the official release of Pokémon Go in Singapore, but amid the smokescreen of marketing puns and Poké-themed promotions, businesses across different sectors are already reporting an increase in business activity. Businesses are…
The Hour Glass’ first-quarter net profit tumbled 22 per cent year on year to S$8.19 million. For the three months ended June 30, total revenue and other income fell 7 per cent to S$149.43 million from the previous year. The decline in revenue reflected the…
Japan and China holds the potential to be the strongest source market for Singapore during the Great Singapore Sale (GSS) period, which comes to a close this weekend, according to findings by market research consultancy Kadence Singapore. Respondents from…
Bananas, live crabs, make-up and even guitar strings are just a few things that one can find in vending machines around the world. While Singapore’s convenience culture is not quite there yet, the country is catching up. We now have the “first vending machine…
Singtel has announced a 2% increase in net profit for the quarter ended in June to S$944 million ($701.5 million), on the back of strong mobile data and cyber security services revenue growth. Barring one-off gains in the same quarter last year, profit would…
Fashion retailer H&M Hong Kong has received Asia’s Best Employer Brand Award at a ceremony hosted by the Employer Branding Institute, World HRD Congress and Stars of the Industry Group. Presented at the Pan Pacific Singapore, the award recognises…
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