Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
HSBC has promoted a Hong Kong corporate banker previously covering the tech sector to become its head of the commercial banking unit in Singapore. Regina Lee has been named as HSBC’s Singapore head of commercial banking, according to a statement, effective…
OCBC’s private banking arm, Bank of Singapore, saw a major boost in new clients and revenue from independent asset managers in the midst of a pandemic, according to senior market head Teresa Lee said. Independent asset managers (IAM) have been one of the…
Singapore’s national carrier is hoping to become the world’s first airline to get all of its crew members vaccinated against COVID-19. Singapore Airlines confirmed to CNN Travel that all of their crew members — including pilots, gate agents, flight attendants…
UNIQLO today announces that it will open UNIQLO Orchard Central, its first Global Flagship Store for Southeast Asia and Singapore, on Friday, 2 September 2016. Under the concept of “U+S and The World”, the new store will showcase the brand’s full assortment…
Best known for its Paris Baguette bakery franchise, SPC Group has opened four food brand stores in Singapore. The group is planning to make Singapore as its third axis of global growth after China and the United States. The group opened the new stores at…
IKEA has launched the first-of-its-kind planning studio powered by Singapore-based interior design and renovation platform, Livspace. IKEA and Livspace have provided consultation to hundreds of homeowners in Singapore since the partnership started at the end…
BHG Singapore will take over two floors at Raffles City Shopping Centre formerly occupied by Robinsons, which closed its last outlet there last Saturday. In partnership with Raffles City Singapore, the department store will open a new concept store showcasing…
Standard Chartered hires a new private banker focused on the Singapore market, formerly from Bank of Singapore, according to a note. Suresh Nair joins Standard Chartered as a senior client partner for private banking, according to the note, effective as of…
Home appliance megastore Courts will take over the prime retail space at The Heeren which was recently vacated by retail stalwart Robinsons and make the outlet its new flagship store. The flagship store will occupy all six storeys of The Heeren’s retail…
Chinese milk-tea brand Heytea has launched a retail concept resembling a convenience store in Singapore. The store, which is also the brand’s first outlet in the city’s south, is located at VivoCity and features bright orange and grey striped frontage,…
The two sides will jointly explore a proof-of-concept (POC) using a grant under the Monetary Authority of Singapore’s Financial Sector Technology and Innovation (FSTI) scheme. Deutsche Bank Securities Services will work with Singapore-based blockchain…
Hong Kong’s retail sales fell 8.8% in October, the first single-digit fall since June last year, showing further signs of a recovery after coronavirus restrictions had slammed the brakes on spending and tourism in the global financial hub. The drop compared…
Self-exiled Hong Kong dissident Ted Hui, who was recently spotlighted over frozen accounts at HSBC, has faced even more pressure from the British lender which allegedly canceled credit cards and «unlawfully embezzled» his funds without explanation. Ted Hui…
MAS powers have been expanded to include regulatory measures on crypto service providers, even if they may not possess the money or cryptocurrency involved. The Monetary Authority of Singapore (MAS) is enhancing its regulatory framework and updating the…
The firm was ordered to cease payment services in the country in October, and to return all customers’ funds, amid an investigation into missing funds. Payments services provider Wirecard is seeking a buyer for its Singapore entity and has at least one party…
Singapore Exchange (SGX) is growing its sustainability capabilities and initiatives with a $20 million ($15 million) plan. SGX is allocating half of the budget towards new ESG-focused products, services and platforms, while the other half will be used for…
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