Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
The office will kick-start SGX India Connect IFSC, a special purpose vehicle that will facilitate SGX’s upcoming connection with India’s National Stock Exchange (NSE). Singapore Exchange (SGX) has opened the SGX-International Financial Services Centre (IFSC)…
A career DBS banker has been named chief risk officer for the Singapore lender, replacing Tan Teck Long. Soh Kian Tiong has been named chief risk officer (CRO), according to a statement, reporting to DBS chief executive Piyush Gupta. In addition, Soh will…
A former managing director from Bank of Singapore has joined Deutsche Bank’s wealth unit in Singapore. Deutsche Bank Wealth Management hired Faye Lee as a managing director, according to a statement, tasked with covering ultra-high net worth clients in…
Singapore-based Flash Coffee has announced plans to rapidly expand across Asia after securing $15m investment from investors including DX Ventures, Global Founders Capital, and Conny & Co. In a press release, the coffee chain said it intended to debut in Hong…
Following its announcement of more Vaccinated Travel Lanes (VTLs) on Saturday, the city-state has said it is working to expand travel to more countries, including its regional neighbors. Singapore aims to reestablish the city-state as an international…
Singapore retail sales growth – excluding motor vehicles – remained static in August, following July’s 2-per-cent increase. Of the estimated $2.9 billion in retail sales (excluding vehicles), online sales accounted for 16.4 percent, a similar proportion as in…
Union Bank’s fintech subsidiary UBX is expanding its operations in Singapore as it eyes growth in Asia. UBX, the financial technology venture studio and fund of Union Bank, hopes its Singapore headquarters will be a bridge for startups to enter the Philippine…
The bank said the newly created role will help one of its key pillars of embedding its solutions into the digital platforms that its clients are adopting. HSBC has appointed Aman Narain as head of platforms for global commercial banking, a role in which he…
Italian home accessories and lifestyle brand, Frette, has expanded its footprint in Singapore with its first boutique in Marina Bay Sands. The store also marks the brand’s first mono-brand boutique in the territory. Designed by Milan-based architecture studio…
The Singapore-based neobank has raised a $158 million led by renown VCs and fintech founders. Aspire is looking to double down on existing markets, while building the foundations to serve growing business clients across the whole South East Asia region, the…
The link will enable more seamless payments for the high volume of remittances between the two neighbors, which reached S$1.3 billion ($960 million) in 2020. Singapore and Malaysia’s central banks will be embarking on a phased linkage of PayNow and DuitNow,…
Binance announced a new round of curbs for its Singapore business, restricting crypto trading for users in the city-state. Users in Singapore will no longer be able to deposit fiat money, trade or purchase crypto via Binance.com from October 26, according to…
The fintech startup has made a pair of executive hires to support its global growth strategy. Thunes has appointed Irina Chuchkina as chief marketing officer and Babul Balakrishnan as head of customer care, who will both be based in Singapore, the global…
Singapore fashion label Yacht 21 has been renamed Y21, changing its logo and purpose in response to the change in fashion after the pandemic. Founded in 2009, Yacht 21 was known for its travel-friendly and resort collection inspired by Scandinavian designs.…
The link will facilitate instant, low-cost fund transfers directly from one bank account to another between Singapore and India. Singapore will be linking its national e-payments system PayNow to India’s Unified Payments Interface (UPI) by mind-2022,…
Singapore Exchange (SGX), has announced personnel changes to its board of directors. Jane Diplock, non-executive non-independent director, will be retiring from the board by rotation at the end of the bourse’s 22nd Annual General Meeting on 7 October, SGX…
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