Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Singapore is one of the largest financial centers of the world with a clear dominance over the Asia-Pacific region. Following the liberal economic reforms by the progressive government, this sovereign Island-State has managed to become a true leader in Asia.…
Singapore’s competition regulator has effectively cleared the activities of food-delivery platforms and dark kitchens in the city-state after a 10-month probe. The investigation by the Competition and Consumer Commission of Singapore (CCCS) began on September…
Singapore will soon see the establishment of a research institute that will develop deep capabilities to support the needs of digital financial services in Asia. Expected to begin operations by the end of 2020, the Asian Institute of Digital Finance (AIDF)…
Singapore consumers’ migration from food halls to supermarkets during the Covid-19 pandemic has proven a windfall for grocery operator Sheng Siong Group. Sales for the June quarter surged 75.8 percent to US$304.3 million, gross profit margin improved from…
Uniqlo Singapore has collaborated with local artists to celebrate the country’s 55th National Day on August 9. The Japanese apparel retailer has teamed with Singaporean embroidery patch designers, Pew Pew Patches, to give customers free iron-on transfers as a…
Estee Lauder Singapore has reopened its store in the Ion Orchard shopping center with a completely new design. Located in the mall’s Basement Level 1, the Estee Lauder Ion Orchard store features a contemporary look, with blue navy wall and platinum elements.…
With the move, Deutsche Bank joins rivals UBS and Credit Suisse in having their Asia chief executives based in the city-state. Deutsche Bank’s incoming Asia chief executive officer, Alexander von zur Mühlen, will be relocating to Singapore for his new role –…
Singaporean e-commerce platform Shopmatic has registered 200-per-cent growth in revenues, transactions, and GMV during the last financial quarter in spite of the global impact of the coronavirus pandemic. The firm works to bring various elements of the…
Since 4 July 2020, OCBC Bank’s 1.8 million digital customers in Singapore have been able to use the SingPass Mobile app as an alternative login to access the full suite of digital banking services via the OCBC Mobile Banking app or Internet banking. Using…
Hit by the circuit breaker and widespread closures of businesses, Singapore has reported a 41.2-percent contraction in its economy for the second quarter of the year. Singapore has entered a technical recession, with its economy shrinking 12.6 percent…
Singaporean retailer Sportslink will be closed by court order over debts of more than US$720,000 owed to supplier Adidas and more than $2.44 million including other creditors. The firm did not object to the ruling, with its financial difficulties tracing as…
More than 80 percent of restaurants and retail outlets have resumed operations at Singapore’s Changi Airport and colocated Jewel Changi shopping center, as the city entered phase 2 of its reopening post-Covid-19. Retailers and restaurants have to follow…
Singapore retail sales plummeted 52.1 percent in May as Covid-19 lockdowns shuttered malls and the majority of retail stores across the city-state. May’s year-on-year decline followed a 40.3 percent drop in April and represented the biggest drop since…
Indonesian cafe chain Maxx Coffee has launched its first international outpost in Singapore as the first move towards expansion in Asia. Partnering with local operator Oue Restaurants, the new outlet opens today at Jem serving Indonesian single-origin coffee…
The bourse said this will help global investors to gain exposure to a broad representation of large and mid-cap Taiwan stocks, while meeting fund managers’ diversification objectives. Singapore Exchange (SGX) will launch a futures contract based on the FTSE…
With few people having wine cellars, the minimum order size required by many wine merchants in Singapore makes buying a case of each both time consuming and inconvenient. Wine. Delivery solved this issue. How can you replicate the pleasures of purchasing wine…
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