Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Providing productivity, space efficiency, speed, and accuracy – with the bonus of increased safety and social distancing. An Advanced Grocery Online Fulfilment Centre – Scaling Up to Meet Growing Demand Occupying 32,500 square metres (350,000 square feet),…
The Monetary Authority of Singapore said it will consider appropriate supervisory actions on DBS, which suffered recurring disruptions to its online banking services, including its payments app. This is a serious disruption and MAS expects DBS to conduct a…
Swiss banking giant UBS has opened its largest Asia Pacific office in Singapore, alongside the announcement of two new tech-related initiatives. UBS officially opened its Singapore office at 9 Penang Road yesterday in a ceremony that featured chairman Axel…
Southeast Asia’s Grab on Tuesday said it was experiencing disruption to its services, with customers and drivers in Singapore, Indonesia, and Malaysia complaining that they were having trouble using the app’s ride-hailing functions. “Some of our services are…
The region’s fintech firms brought in $3.5 billion in funding in the first nine months of 2021 – up more than three times compared to the whole of 2020. The rebound in fintech funding was driven by 167 deals including 13 mega-rounds, which accounted for $2…
The cryptocurrency exchange, one of the world’s largest, will be gradually phase out access to its services for Singapore-based users and close their accounts on March 31, 2022, to comply with local regulations. To comply with the laws of Singapore, we will…
As part of its ongoing commitment to provide efficient, secure, and quality express services amid the growing demand for domestic and international delivery, J&T Express Singapore today announced the opening of two new warehouses in Singapore at Changi…
Barclays Private Bank has strengthened its Asia business with three new appointments in Singapore. Adrian Khoo and Jaime Huang join Barclays Private Bank in Singapore, according to a statement, as head of strategic client coverage and a private banker,…
New York-headquartered fund house VanEck expands in Singapore with the hire of a new marketing manager. VanEck hires Tiffany Tan as a marketing manager based in Singapore, according to a statement. Prior to joining, Tan was an investment writer at Nikko Asset…
OCBC’s posted a robust profit increase in the third quarter, which was fueled by a significant reduction in allowances. OCBC registered S$1.22 billion ($904 million) in net profit for the third quarter, according to its latest results, marking a 19 percent…
Ninja Van, a Singaporean logistics startup and new ASEAN unicorn, is set to drive a broad strategy in Vietnam to benefit from the country’s strong e-logistics market growth. After successfully raising $578 million in Series E funding, Ninja Van has officially…
He will lead a global team of former entrepreneurs, innovation strategists, product managers and venture builders to accelerate the development of new solutions at Citi’s internal incubation program. Citi has announced the appointment of Singapore-based…
Ingrid Johnson has been named the new president of Sun Life Asia, responsible for one of Sun Life’s strategic pillars encompassing life, health and wealth management businesses in eight Asian markets, including Vietnam. Johnson became the new President of Sun…
Singapore will be adding two countries to the Vaccinated Travel Lane (VTL) scheme, under which travelers will only need to take a Covid-19 swab test after arrival and before departure in Singapore. Vaccinated travelers from Switzerland and Australia will be…
Hong Kong kidswear resale platform, Retykle, is set to expand its presence into Singapore, marking the brand’s first foray into an international market. The Singapore launch follows Retykle’s latest round of seed funding earlier this year, which will support…
Standard Chartered has hired the former Singapore chief executive of J. Safra Sarasin to lead its South Asia private banking segment. Vinay Gandhi joins Standard Chartered as its regional head, ASEAN and global head, global South Asian community, private…
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