Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
DBS Bank is set to revolutionize the financial market in Singapore by launching tokenized physical gold for retail customers in the latter half of 2026. With this initiative, DBS Bank takes the lead as the first bank in the nation to empower its customers…
The recent announcement regarding the discontinuation of Yakult Orange, a popular probiotic drink flavor, has elicited mixed reactions from consumers. For some, it comes as a surprise that this flavor was not as beloved as they had previously believed.…
From June 11, all Singaporean households will be eligible to receive S$500 (US$380) in Community Development Council (CDC) vouchers. This initiative is set to ease the financial burden of living costs for approximately 1.38 million households across the…
The Oversea-Chinese Banking Corporation (OCBC) in Singapore is broadening its precious metals sector by introducing physical gold trading and storage services for institutional investors and private banking clients. OCBC perceives an increasing demand for…
The antiquated systems of cross-border payments are imposing a substantial financial burden on businesses in Singapore, confining billions of dollars in operational capital and diminishing economic efficiency. This is according to recent research conducted by…
In April, Singapore’s retail sales growth accelerated, with most sectors, especially petrol service stations, experiencing significant advancements. The Department of Statistics reported a 4.5% rise in retail sales, excluding motor vehicles, parts, and…
Haidilao, the renowned hotpot chain, has recently begun offering pig blood curd across all its Singapore locations, marking the end of a 27-year prohibition. In an announcement made on social media last Tuesday, Haidilao Singapore revealed that the dish would…
Manulife Singapore is intensifying its commitment to preventative healthcare and lifespan enhancement solutions via a new partnership with Guardant Health, a precision oncology expert. This strategy makes Manulife the pioneer insurance firm in Singapore to…
Air New Zealand is set to inaugurate a regular direct service connecting Singapore to Christchurch in New Zealand’s South Island from October 28. The airline has already started selling tickets for this service, which will operate thrice weekly. During the…
Singapore has taken over from Indonesia as the leading stock market in Southeast Asia. This shift has come as Indonesia’s market capitalization has dropped dramatically due to an uncertain future outlook. From its peak in January, the total market…
Sederhana, a well-known Indonesian food chain, is preparing to open its first Singaporean branch, taking the place of a recently closed restaurant that had been serving customers for almost eight decades. Sederhana announced its arrival in Singapore via an…
In Singapore, three prominent online retailers, namely Boarding Gate, Origin Sleep, and Light In The Box, have been implicated in deceptive practices aimed at manipulating consumers’ purchasing behaviors. These retailers were found to be manipulating elements…
Swedish fashion conglomerate, H&M, has recently undertaken a restructuring exercise which has led to job cuts in Singapore. This move comes as the retailer transfers its Southeast Asian hub from Singapore to Kuala Lumpur in Malaysia. The restructuring…
Singapore and Thailand have been identified as two of the world’s “happiest” economies according to the annual Misery Index by Steve Hanke, a Johns Hopkins University economist. Singapore took the second spot globally, just behind Taiwan, achieving a Misery…
The Japanese retail giant, Don Don Donki, has disclosed plans to close its outlet at HarbourFront Centre in Singapore this July. Shoppers will be in for a treat as select items will be sold at clearance discounts, some with up to 70% off. The store, popular…
Cruise operators in Singapore are taking measures such as reducing sailing speeds, modifying routes, and discontinuing promotional offers in an effort to mitigate the effects of surging fuel prices triggered by the ongoing conflict in the Middle East.…
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