Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
The bank is considering reducing the number of branches and office space as it moves towards a hybrid work model. We may not need so many branches servicing our customers, so certainly I think there will be a review in terms of our office requirements as we…
The bank has outlined a vision for its approach to flexible and hybrid-location working and will give its employees the opportunity and choice to return to the office. HSBC Singapore’s Future of Work plans will be underpinned by ensuring customer focus;…
The multi-asset custodian will work with Fireblocks, a blockchain-based platform for securely moving, storing, and issuing digital assets in the finance industry, to cater to the increasing demand from fintech companies seeking custodial solutions in Asia.…
Citi made a raft of new appointments to its wealth management unit including the promotion of its Asia head of private banking. Citi named Steven Lo co-head of the wealth unit in the region alongside APAC head of retail banking Fabio Fontainha, according to…
The Singapore-based center aims to explore financial services innovation and help industry partners in the region to build new products that will accelerate their digital ambitions. ZA Tech Global has opened its first Asia Fintech Center (AFC), which will…
Digital Reality, a leading global provider of carrier- and cloud-neutral data centre, colocation and interconnection solutions, announced the official opening of its third data centre in Singapore. The multi-story, 50-megawatt facility, known as Digital…
Singapore gift and homewares chain Naiise has closed its last store – the Iconic at Jewel Changi Airport – suggesting the end of the eight-year-old brand. Multiple sources say Naiise has collapsed due to its inability to paying debts to suppliers, and weak…
DBS is the latest global bank to offload more office space, this time in a Singapore building where it is the anchor tenant. DBS will give up about two and a half floors out of the more than a dozen floors it occupies at Tower 3 of the Marina Bay Financial…
Food and grocery delivery service Foodpanda has launched a Covid-19 vaccination awareness campaign across Asia in the lead-up to WHO’s World Immunisation Week. The campaign, which aims to reach more than 10 million people across Asia, will include a series of…
Investors should exercise extreme caution when trading cryptocurrencies, senior minister Tharman Shanmugaratnam said in parliament on Monday. Cryptocurrencies can be highly volatile, as their value is typically not related to any economic fundamentals. They…
Finder, a global comparison platform founded in 2006 in Sydney, Australia, has acquired the GoBear brand as it accelerates its global expansion. Finder aims to grow its presence as a key financial comparison platform in Southeast Asia with the acquisition of…
In India, the expansion will span Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Maharashtra, Delhi, West Bengal, Uttar Pradesh, Odisha, and Kerala, and globally, new outlets will open in Singapore, Malaysia, Oman, Qatar, Bahrain, and the UAE. In India 12…
Retail sales grew by 5.2 percent year-on-year in February, a reversal from the 6.1 percent decline recorded in January. This improvement was mainly associated with Chinese New Year celebrations in February, said the Singapore Department of Statistics…
Morus Technologies, which runs neo banking platform StashFin, has raised $40 million in Series B extension financing to expand across the subcontinent. The company plans to use the funds to pursue neo banking across South Asia, double down on its plan to grow…
Hyundai Motor Company and Singtel today signed a Memorandum of Understanding (MOU) to collaborate on a range of ventures to support smart manufacturing, connectivity for electric vehicle battery subscription service. The MOU follows Hyundai Motor Group’s…
OCBC outgoing group chief executive will maintain ties with the Singaporean lender as an advisor to the board. Samuel Tsien has been appointed advisor to the board upon retirement from his CEO role on April 15, according to a regulatory filing. Tsien will be…
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