Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
The new China desk in Singapore adds to CCB’s network of six Asia desks in the region, which supports clients’ banking needs across intra-Asia growth corridors. Citi Commercial Bank (CCB) Asia Pacific has set up a China desk in Singapore, facilitating access…
Singapore’s retail sales rose 79.7 percent year on year in May to S$3.3 billion, rebounding from the low base during the 2020 “circuit breaker”, according to a Singapore Department of Statistics released on Monday. This was up from April’s 54 percent jump and…
Cryptocurrency exchange Binance has responded to a warning by Singapore’s regulator by removing some of its offerings in the city-state. Binance will cease Singapore dollar trading pairs and payment options, according to a blog post over the weekend,…
The Monetary Authority of Singapore has ordered crypto giant Binance to halt its services in the city-state over a potential breach of local payment rules. Binance must stop offering services in Singapore, according to a report citing a MAS statement, over a…
The hub will enable Nordea to to enhance its local servicing, ESG capabilities, investment platform and distribution reach in the region. The asset management arm of financial services group Nordea is planning to open an ESG hub – its first outside its Nordic…
Singapore Exchange is reportedly readying to issue easier rules for the listing of special purpose acquisition companies in the city-state. SGX is preparing to be the first major Asian bourse to accept SPAC listings, according to a Reuters report citing…
For the majority of 2020, most people have been stuck at home in the midst of the Covid-19 pandemic. Work from home setups have been utilized, and after a year, we’ve gotten used to the blend of work and home life. However, with the reopening of many offices…
Shopee took just two years to become Brazil’s most downloaded shopping app, winning users to its low-cost marketplace with its game-changing approach to e-commerce: in-app mini-games offering coupons to winning users. The Singapore-based company has combined…
The U.S. online payments giant is expanding the Singapore-based workforce by 25 percent to support the region’s growing demand for digital solutions. Some 150 job openings are on offer at PayPal’s its international headquarters in Singapore, under the…
Singapore-based Crown Digital announced yesterday that it will be installing its robotic baristas at 30 Mass Rapid Transit (MRT) stations in that country by the end of 2022. Dubbed “Ella,” Crown Digital’s robo-coffee kiosk is 5 sq. meters, serves a variety of…
Coach is launching their first-ever concept store in Singapore, Tomorrow’s Vintage, a pop-up that celebrates Coach’s timeless style and its commitment to a better-made future. Inspired by Coach’s commitment to restoring, repurposing, and reimagining, the…
Japanese-headquartered insurer Tokio Marine Group was the latest ransomware victim with an attack launched on its Singapore unit. Some of Tokio Marine Insurance Singapore’s (TMiS) internal servers were targeted on July 31, according to a statement, which was…
Deutsche Bank continues to expand in Asia with the latest addition of the former Singapore chief executive from Pictet. Deutsche Bank names Dominique Jooris as Asia Pacific head of wealth solutions, according to a statement, Jooris was most recently CEO of…
The city-state will reopen its borders to fully vaccinated travelers from certain countries and is removing stay-home requirements for short-term visitors from several countries. Fully vaccinated travelers from Germany and Brunei will be able to come to…
Kakao Group will pursue the globalization of its public blockchain project, Klaytn, from the city-state. South Korea’s Kakao Group has established two new blockchain entities in Singapore – nonprofit Klaytn Foundation and global accelerator unit Krust, it…
DBS becomes Singapore’s second crypto player to secure an in-principle approval from the Monetary Authority of Singapore to offer token services. DBS Vickers – the brokerage arm of DBS – has received in-principle approval from the MAS under the Payment…
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