Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Retail sales in Singapore surged 17.4 per cent in April (excluding motor vehicles), faster than the rate of 13.6 per cent in March. Statistics Singapore said the increase was driven by sales of apparel, food & liquor – up by 46.6 per cent year on year – and…
Singaporean bank UOB has named Victor Ngo its CEO in Vietnam. The 30-year banking veteran replaces Harry Loh, who returns to Singapore to lead group non-financial risk management, according to a statement. He started working for UOB in 2004 and has occupied…
Neso Brands, a subsidiary of eyewear manufacturer Lenskart, has raised $100 million in a seed funding round, which will enable the firm to create a house of brands catering to the global market. The company did not divulge the details of the investors…
Changing careers in Singapore is never an easy decision, especially if you are in your 40s or older. After all, even the mere thought of starting over when you are already nearing the age of retirement can be downright scary. What if you don’t make it? What…
Japanese fast fashion eyewear brand, OWNDAYS, is pleased to announce the opening of a new store at Takashimaya S.C., Ngee Ann City. This will be the brand’s second premium concept store in the world and its 33rd store in Singapore. The new store will open to…
ONLINE marketplace Carousell has inked a deal to buy Refash, a Singapore e-commerce platform and store operator for second-hand clothes, the companies announced on Monday (May 9). The deal value is undisclosed. Launched in 2015, Refash is focused on…
Among numerous efforts that the Singaporean government has made to drive up economic growth in the country, one of the initiatives that’s gotten the most traction is the Global Investor Programme (GIP). The GIP, an official division of Singapore’s Economic…
Singtel and its Indonesian partner Telkom, the parent company of Singtel’s regional associate Telkomsel, have signed two memoranda of understanding (MOU) which was witnessed by Indonesia’s minister of state-owned enterprises Erick Thohir and vice minister of…
Singapore’s supermarket chain Sheng Siong aims to open three to five new outlets every year in the country in the near term, the company said in a bourse filing today (Apr 20). The near term plan will be within the next three to five years, and this adds up…
More than 50 new brands, including specialty stores and experiential concepts, will enter the revamped Raffles City shopping centre later this year. The renovation of a 111,000sqft area across Levels 1 to 3 is scheduled to complete in the fourth quarter of…
Singtel and its Indonesian partner Telkom, the parent company of Singtel’s regional associate Telkomsel, have signed two memoranda of understanding (MOU) which was witnessed by Indonesia’s minister of state-owned enterprises Erick Thohir and vice minister of…
Zilingo Pte, one of Singapore’s highest-profile startups, has suspended Chief Executive Officer Ankiti Bose after an effort to raise new funding led to questions about the company’s accounting, according to people familiar with the matter. The company, which…
Singtel-owned Australia Tower Network (ATN) and AustralianSuper have announced the acquisition of Axicom, one of Australia’s leading providers of telecommunications tower infrastructure, for A$3.58 billion. Axicom owns and operates approximately 2,000…
Lendlease Singapore is promoting sustainable and zero-waste habits among shoppers and visitors through the recently launched exhibition dubbed ‘You Won’t Believe It’s Trash’ (YWBIT). The public artwork exhibition is being introduced across four Lendlease…
Dyson, the inventor of the bagless vacuum cleaner, said on Friday it would invest S$1.5 billion ($1.1 billion) in Singapore over the next four years, the newest phase of a S$4.9 billion global investment plan. When Dyson announced the global investment plan…
Amazon Singapore has today launched a new mental health benefits package that provides its employees and their families with personalised, convenient, and confidential mental health and well-being support. The new service provides holistic mental well-being…
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