Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
JCB International Co., Ltd, (JCBI) the international operations subsidiary of JCB Co., Ltd., and Network For Electronic Transfers (Singapore) Pte Ltd (NETS) today announced a new partnership to accept JCB cards in Singapore. Receiving an average of 15 million…
A takeover bid for Singapore-based Eu Yan Sang has valued the traditional Chinese medicine retailer at about S$269 million (US$196 million). A consortium comprising Singapore state investment company Temasek Holdings’ unit Blanca, Tower Capital TCM Holdings…
China’s Baidu Wallet has launched its mobile payment service in Thailand, on the eve of the traditional Thai new-year celebration Songkran. Part of the Baidu search-engine group, the digital payment service is now connected to more than 400 merchants in four…
Crystal Jade restaurants are headed to Myanmar after a franchise agreement signed between Singapore Myanmar Investco (SMI) and Crystal Jade Management Vietnam. Crystal Jade Group has more than 100 outlets in 20 cities in the Asia Pacific region and the US.…
Bolloré Transport & Logistics, one of the 10 world’s leading transport and logistics groups, will be present as an exhibitor at the next Breakbulk Conference, from 23-26 May in Antwerp, Belgium. This major event in Europe gathers companies involved in the…
Parkway Parade shopping mall, one of the most popular in the east, will remain closed until further notice, after a fire broke out in a store late on last Sunday night. While the retail mall remains closed as the management continues checks and rectification…
Due to a drop in car deals. Retail sales in Singapore contracted by 1.4% month-on-month in March, following a 4.8% drop in car sales. Excluding motor vehicle deals, retail sales contracted by 0.6%. On a year-on-year basis, overall sales rose by 5.1%.…
Johnnie Walker House Singapore joins the international network of by-invitation-only whisky lounges, the first in Southeast Asia. It will offer connoisseurs the Diageo-owned brand’s range of rare and collectable Scotch whiskies. Johnnie Walker Houses are…
Singtel has reported a 2% increase in net profit for the financial year ending in March to S$3.87 billion ($2.81 billion), despite negative foreign exchange movements. But operating revenue declined 1.5% to S$16.96 billion, the operator revealed. Excluding…
REAL Estate Investment Trusts (Reits) were once hailed as the saviours of Singapore’s shopping malls. The theory was that single-owner malls would never match malls run by Reits. And at first, that seemed obvious. After all, compare malls like Sim Lim Square…
Japanese fashion label Christian Dada has opened its first flagship store in Singapore at the 268 Orchard Road mall. Fumiko Takahama Architects designed the interior of the 1700 sqft (157.9 sqm) Christian Dada Singapore boutique, inspired by the Japanese…
Singapore’s DBS Bank aims to be a disruptor in India even as it awaits the RBI’s nod to upgrade its branch to a subsidiary which will have unrestricted access to the country. The bank is offering digital bank accounts with zero balance requirements, 7%…
Singtel has added new functionality to its mobile wallet app Singtel Dash in a bid to claim a larger slice of the mobile payments pie. Singtel Dash was first launched in 2014 as a collaboration between Singtel and Standard Chartered Bank in Singapore. The…
Orchard Road is meant to be Singapore’s premier shopping belt, but you wouldn’t know it if you strolled into many of the malls along the 2.2km stretch these days. The vacancy rate in malls within the Orchard planning area hit a five-year high in the first…
Singapore bakery giant BreadTalk is moving into Myanmar, signing a master franchise agreement with Myanmar Bakery. The first BreadTalk Myanmar outlet is expected to open in Yangon early next year in a shopping centre owned by the Shwe Taung Group. Myanmar…
Bolloré Logistics recently introduced its new road service from Singapore to Bangkok, Thailand. The key objective is to offer customers the fastest door-to-door transit time for Less-Than-Truckload (LTL) cargo on a weekly basis. This new service uniquely…
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