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Singapore Retail News

Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.

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19 Oct 2020

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Latest Singapore retail stories

Fintech 2
Minjun ParkFinance

Singapore Fintech Gears Up for Global Expansion

To support its global ambitions, it has appointed a veteran entrepreneur to its board. Singapore insurtech BetterTradeOff (BTO) is preparing to expand globally through partnerships with major banks and insurance companies looking to offer their customers the…

Board Meetings
Minjun ParkFinance

Singapore Open to Virtual Shareholder Meetings

Currently, companies are allowed to conduct their general meetings via alternate non-physical means until June 2021. The Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) are open to allowing hybrid or fully virtual…

singapore retail scaled
Maria SantosGeneral

Singapore Economy Rebounds in Q3

The improvement came on the back of the phased re-opening of the economy, following the «circuit breaker» that was implemented between April 7 and June 1, 2020. Singapore’s gross domestic product (GDP) in the third quarter of 2020 grew by 7.9 percent from the…

Gram Cafe Pancakes
Rajiv MenonFood

Flipper’s pancake chain opening in Singapore

Traveling to Japan for Flipper’s famous souffle pancakes isn’t an option right now but foodies can just head down to Orchard Road for their fluffy fix really soon. Flipper’s first outlet in Singapore will be opening at Takashimaya Shopping Centre in Ngee Ann…

app revolut card
Minjun ParkFinance

Revolut Singapore Partners Income to Offer Insurance

Both platforms see customer empowerment and digitally-enabled collaborations as key to supporting customer needs. Snack by NTUC Income (Income) and Revolut Singapore will work together to incorporate lifestyle-based insurance offerings on Revolut’s digital…

orchard road singapore retail
Minjun ParkGeneral

Singapore retail sales slip further down in August

SINGAPORE retail sales dropped 5.7 percent on the year in August, an improvement from the 8.5 percent year-on-year decline recorded in July, according to the Singapore Department of Statistics (SingStat) on Monday. Lees ook: McDonald’s to screen World Cup…

coffee2
Rajiv MenonFood

Ella takes up role as Singapore’s first robotic barista

She is a barista with a very strong arm. And “Ella”, Singapore’s first fully automated robot barista, will be serving customers their caffeine fixes at CityHub mall in Lavender from Saturday (Oct 3). Crown Coffee, the food and beverage arm of Crown Group,…

Wirecard scaled
Sarah ChenFinance

Wirecard Ordered to Cease Activities in Singapore

The ability of its Singapore entities to continue providing payment services here has been affected, following its parent company’s insolvency filing in Germany. The Monetary Authority of Singapore (MAS) has ordered Wirecard Singapore to cease payment…

Goldman Sachs and the Evolution of Bitcoin
Minjun ParkFinance

Goldman Sachs to Launch FX Platform in Singapore

The platform is the company’s fourth global currency pricing, following others in London, Tokyo, and New York. Goldman Sachs will be launching a foreign-exchange (FX) trading and pricing engine in Singapore, planned for the first quarter of 2021, the company…

singapore orchard retail
Aiko TanakaGeneral

Singapore’s market undervalued because of the problems in 2020

Financial experts have noted that because of the fact that Singapore did pretty badly in 2020 for various reasons, it is undervalued and a lot of people do not pay attention to it. Even though it has been a bad period for the Asian Tiger, it is a good idea to…

amazon
Sarah ChenE-Tailing

Amazon reveals Singapore date for Prime Day

After a delay of a few months, Amazon has officially confirmed when its Prime Day shopping event is taking place. Amazon Prime Day 2020 will, once again, actually run for two days. Following a postponement from the usual mid-July period, the first discounts…

Giant
Aiko TanakaGeneral

Giant Singapore cuts prices long term after store revamps

From today, supermarket chain Giant will lower the prices of 650 daily essentials for six months by 20 percent, on average. It will also refresh its brand, with its 53 Singapore stores incorporating new features including in-store bakeries and Guardian…

Singapore Starbucks
Wei ZhangFood

Starbucks Singapore opens in heritage building at Katong Square

Starbucks fans will have a new outlet to traipse to this coming weekend. Located at the Conservation Building of Katong Square, the airy shop is a pleasing palette of muted green and white, complemented by the wood furniture. Artworks by local artist Danielle…

Retail Academy: Singapore

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