Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
The wholly-owned subsidiary of bourse operator Singapore Exchange (SGX) said on Thursday it will broaden its range of enforcement powers and require issuers to implement a whistleblowing policy. The move follows a public consultation, in which market…
Singapore’s Government Technology Agency (GovTech) will spend up to an estimated S$3.8 billion on info-communications technology (ICT) procurement this year, an almost 10 percent increase from FY20’s procurement value of S$3.5 billion. This spending will go…
The initiative aims to foster deeper social engagements among local fintech professionals and corporates and enhance the vibrancy of the industry ecosystem. Members of Singapore’s fintech community can look forward to more industry networking, upskilling…
The republic lost its crown to rival financial hub Switzerland in IMD’s latest «World Competitiveness Rankings,» as it slipped to fifth place overall. Singapore fell behind Switzerland, Sweden, Denmark, and the Netherlands in competitiveness as the city-state…
A growing cluster of infections threatens to derail Singapore’s economic reopening, while expats in the country are growing restless from being cooped up on the island with no end in sight. Singapore’s Multi-Ministry Task Force is closely monitoring the…
OCBC has appointed a new group chief operating officer in an effort to drive and accelerate transformation at the Singapore-based bank. Lim Khiang Tong has been named group COO – a newly created role – according to a statement, effective June 21 this year.…
A growing cluster of infections threatens to derail Singapore’s economic reopening, while expats in the country are growing restless from being cooped up on the island with no end in sight. Singapore’s Multi-Ministry Task Force is closely monitoring the…
Singapore-based Finantier has closed an oversubscribed seed financing round at more than 20 times its pre-seed valuation. Finantier plans to strengthen its presence in Indonesia and Southeast Asia after raising seven figures in seed funding in a round led by…
The bank will shut its consumer unit serving small businesses in Singapore in mid-August. Citibank has decided to close its Citibusiness unit, which will affect some 2,000 customers, following an ongoing strategic review of the business. About 20 to 30 staff…
The bank will shut its consumer unit serving small businesses in Singapore in mid-August. Citibank has decided to close its Citibusiness unit, which will affect some 2,000 customers, following an ongoing strategic review of the business. About 20 to 30 staff…
A key private banker covering the Russian market has left Bank of Singapore. Vadim Bondarev, head for Russia and Eastern Europe, is leaving Bank of Singapore (BoS), sources familiar with his exit said. A spokesperson from the bank confirmed this information.…
Bank of Singapore bolsters its business with the hire of a 30-year wealth planning veteran from UBS. Bank of Singapore hires Paul Chua as its global head of wealth planning, according to a statement, effective June 28 this year. In his Singapore-based role,…
An announcement on the launch date for the travel bubble is expected in early July, following a review by both sides. The latest developments come in view of the COVID-19 epidemic situation in Singapore, which has been stabilizing since early June, the Hong…
The Guardian pharmacy chain said that it is reducing prices on more than 500 health and beauty products for the rest of the year, given that customers are “more value-conscious in the face of increasing financial challenges” of the Covid-19 pandemic. Guardian…
HSBC Singapore has named a new executive director to its board, while Winston Ngan, who retired as a partner of EY Singapore, joins as an independent non-executive director. Wong Kee Joo, who was appointed as Singapore CEO on 1 June 2021, brings more than 26…
AI-driven fintech GreenArc Capital and BNP Paribas have been awarded a proof of concept grant by the Monetary Authority of Singapore’s Financial Sector Development Fund. The partners will collaborate on impact measurement and audit project, which will be led…
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