Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Nationally, projections indicate that AI investments in APAC are expected to reach USD 110 billion by 2028, growing at a compound annual growth rate (CAGR) of 24.0% from 2023 to 2028. As AI technologies become integral to various sectors, the demand for…
Party General Secretary To Lam and leaders of Vietnamese ministries, agencies and localities witnessed the announcement of Singapore – Phu Quoc direct flight service on Tuesday, as part of his official visit to the city state. Starting May 30, Vietnam’s…
Singapore’s largest bookstore, the Books Kinokuniya flagship in Takashimaya shopping centre on Orchard Road, is downsizing – again. The company said changes will include refinement of its book collection while incorporating a lifestyle element, including a…
Singapore Changi Airport handled 67.7 million passenger movements in 2024, registering a 14.8% year-on-year increase. This was 99.1% of the passenger movements recorded in 2019, prior to the Covid-19 pandemic. Aircraft movements, totalled 366,000 in 2024, up…
U Mobile CEO, Wong Heang Tuck, highlighted the company’s enthusiasm for this strategic partnership with CIMB for the 5G rollout, emphasizing CIMB’s shared commitment to innovation and digital growth. He noted that the financial support would enable a fast,…
Singapore Post (SingPost) announced the appointment of Neo Su Yin as Group Chief Operating Officer (GCOO), effective 2 January 2025. In this newly created role, Su Yin will be responsible for the Singapore Business Unit, the International Business Unit and…
Ride-hailing operators Grab, Gojek, TADA and CDG Zig in Singapore will hike their platform fees by up to 50 Singapore cents (37 U.S. cents) starting Jan. 1, 2025. Grab, the largest ride-hailing firm, will raise its platform fee from 70 cents to 90 cents per…
Singapore fintech startup Tyme Group has secured a US$250 million investment, which it calls the “largest fintech raise this year in Southeast Asia,” giving it a valuation of $1.5 billion. The company received the investment from Brazil-headquartered lender…
Nearly half of employees in Singapore feel uncomfortable admitting to their managers that they use artificial intelligence (AI) in their jobs, a survey has found. The top concerns among these workers include the fear of being perceived as incompetent, lazy,…
This partnership will support PSA Singapore’s plans to create the world’s largest fully automated port by the 2040s to meet the increasing demand for global transshipment. The existing automated vehicles at the port, like automated guided vehicles (AGVs),…
A 33-year-old man, Muhammad Fariz Shaik Sha Marican, scammed his employer out of more than SGD24,000 (US$17,950) by forging over 460 Grab receipts and false timesheets. On Tuesday, he pleaded guilty to two charges of forgery, with two additional charges to be…
Singapore Airlines saw net profit in the July-to-September quarter plunging 59% year-on-year to SGD290 million (US$) amid intense competition and surging costs. Revenue rose 2% to SGD4.8 billion in the second quarter of its financial year which began April,…
The enhancement integrates Post-Quantum Cryptography (PQC) technologies—designed to withstand the advanced computational capabilities of quantum computers—from cybersecurity leaders, Palo Alto Networks and Fortinet, into Singtel’s nationwide Quantum Safe…
Thailand’s Ministry of Labor is planning to export more workers, particularly those in the shipyard sector, to Singapore. Singapore is looking for welders in the shipbuilding sector, skilled workers in electronic parts, and experienced construction workers,…
The first store of South Korea’s famous fast food chain Lotteria in Singapore is set to be opened in the second quarter next year. Food and beverage company Katrina Group has inked a non-binding term sheet with a restaurant business of Lotte Group to bring…
Changi Airport Group (CAG) announced the opening of Changi Nexus One, a refurbished air logistics facility within Changi Airfreight Centre (CAC) spanning close to 8,000 sqm of warehousing space. Strategically located with direct apron connectivity, Changi…
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