Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
The bank aims to grow the division by another 50 headcounts to 150 in total by the end of the year. The bank is looking to boost its transaction banking workforce with specialized staff who can help it to develop products and services, and in particular,…
Citi names a new Singapore head of credit cards and personal loans for its global consumer banking business. Citi appointed Serene Gay to the new role, according to a statement, to oversee customer growth, portfolio management, product management, and…
He replaces Harmeet Singh Bedi, who left after six years at the firm in 2020 for Prime US Reit, a Singapore real estate investment trust. Maybank Kim Eng, the fully owned investment banking arm of Malaysia-headquartered Maybank, has appointed Aditya Laroia as…
The bank has launched a digital wallet for businesses in Singapore, which enables them to send, receive and hold cash in multiple currencies. HSBC’s Digital Wallet, which aims to significantly reduce the time it takes for SMEs to make business payments, is…
Following consecutive quarters of recovery, the latest setback means that Singapore’s full-year target of 6 percent GDP growth is unlikely. Hopes for a second-quarter expansion in Singapore’s economy have been dashed by a resurgence in the Covid-19 virus that…
The Great Singapore Sale (GSS) will take an omnichannel format this year, with Lazada as its official e-commerce platform – a move that its organizers said is timely as the country returns to stricter Covid-19 measures and shoppers are encouraged to stay…
Italian fashion brand Tod’s has unveiled the new look of its boutique at The Shoppes at Marina Bay Sands, Singapore. Spanning about 135sqm, the Tod’s Marina Bay Sands follows the brand’s store concept with signature elements that can be found in other stores,…
Royal Enfield has started operations in Singapore by setting up a new flagship store in the city’s Ubi Road. The new Royal Enfield Singapore store showcases the entire range of Royal Enfield motorcycles, including the RE Interceptor 650, Continental GT 650,…
The quarter’s earnings were driven by broad-based income growth and lower allowances. OCBC Bank recorded a net profit of S$1.5 billion ($1.13 billion) for the January-March period, a jump of 115 percent from the same period last year (S$698 million), and 33…
The quarter’s earnings were driven by broad-based income growth and lower allowances. OCBC Bank recorded a net profit of S$1.5 billion ($1.13 billion) for the January-March period, a jump of 115 percent from the same period last year (S$698 million), and 33…
The average daily securities trading value surged 5.6 times year-on-year in April to $725 million, nearly equivalent to that of Singapore, according to HSBC. The lender said in a recent report that the figure, which far exceeds those of Malaysia and…
Retail sales continued to recover in March as the Singapore economy rebounded, though the figures were boosted by the comparison with the situation a year ago when Covid-19 safe distancing measures began and border restrictions were in place. Takings at the…
Technology continues to play a dominant role in the development of financial services in Singapore with related functions accounting for more than a quarter of job opportunities in the sector. Technology will continue to lead hiring demand in 2021, according…
The arrangement for quarantine-free travel between the two cities was due to begin on May 26, following two previous postponements. Singapore is reassessing plans for a travel bubble with Hong Kong after the city-state moved to reintroduce tighter social…
The bourse’s web pages were discovered to be progressively inaccessible across different network providers from 4:30 p.m. SGT on Tuesday. Singapore Exchange’s website and web-based applications were restored on Tuesday night, following an outage that took…
In a world-first, the two countries have established a link between Singapore’s PayNow and Thailand’s equivalent PromptPay. Customers in Singapore with DBS, OCBC, and UOB accounts, and customers of Bangkok Bank, Kasikorn Bank, Krung Thai Bank, and Siam…
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