Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
The Shoppes at Marina Bay Sands has launched a ‘click-and-deliver’ digital shopping concierge for online shoppers. The new service – the first of its kind among Singapore’s luxury shopping malls – features hundreds of selected fashion items that can be…
Singapore Press Holdings has sold its wholly-owned convenience-store chain Buzz Shop to Thai-Pore Enterprise. “This divestment of a non-core business will sharpen SPH Group’s strategic focus on its main business segments of media, retail real estate,…
The bank will pay its final dividend of S$0.28 per share on June 5, after approval at the AGM. OCBC Bank will hold its annual general meeting on May 18 at 2 p.m. as a webcast or audio-only live stream, the bank said in a letter to shareholders. Shareholders…
The Singapore retail real estate market has weakened amidst the coronavirus pandemic, according to a quarterly market report released by Edmund Tie. Transactions fell across all real estate sectors despite significant support measures passed by the government…
Singapore supermarket chain FairPrice has launched a mobile grocery service dubbed ‘FairPrice on Wheels’, delivering essential groceries closer to customers’ homes. With FairPrice on Wheels, customers living far away from supermarkets can now buy products…
Digital payment and digital banking solution provider Fomo Pay has opened an office in Kuala Lumpur, Malaysia and has partnered OCBC Bank on a cross-border funds collection service. Fomo Pay has made its first overseas foray into Malaysia, and has partnered…
The Singapore government has reduced the list of “essential services” as part of a tougher clampdown on social distancing as it tries to arrest the spread of Covid-19 in the city-state. The Ministry of Trade and Industry (MTI) on last night announced a…
The bank hopes to encourage more people to stay home and comes in support of stricter social distancing measures implemented by the government to contain the spread of Covid-19. OCBC Bank’s wholly-owned brokerage subsidiary, OCBC Securities, will temporarily…
McDonald’s Singapore has temporarily closed all its restaurants as preventative action during the island’s “circuit breaker” period. According to a company statement, McDonald’s Singapore is suspending its restaurant operations, including drive-through and…
Enterprise Singapore (ESG) has launched the Singapore E-Commerce Programme to support SME retailers with little or no e-commerce experience to commence online trading. The group’s program is set up to cover 90 percent of costs up to SGD9000 (US$6300) for…
With OCBC enabling peer-to-peer (P2P) fund transfers on Google Pay, the city-state becomes the third globally to offer the service, after India and the United States. The integration means that OCBC customers can now transfer or receive payments directly from…
A Jollibee Singapore outlet is among several businesses fined SG$1000 for breaches of the government’s social distancing mandate. Official enforcement measures found the franchise’s Woodlands MRT branch had neglected to ensure queueing customers and food…
As the number of unlinked Covid-19 cases in Singapore continues to climb, ABS is advising customers of the additional measures taken by the banks to reduce the risk of transmission. The Association of Banks in Singapore (ABS) on Tuesday announced that all…
The partnership leverages NCS’ capabilities in building government applications and infrastructure, and Nets’ experience as Singapore’s national payments provider and facilitating cross-border payments. NCS and the Network for Electronic Transfers (Nets)…
Singapore Airlines is looking beyond the value of its airline tickets. As airlines around the world reckon with a tsunami of return ticket requests for flights cancelled in the wake of the global pandemic, Singapore Airlines is telling its customers “we want…
The bank’s partnership with iSTOX will expand private capital markets access for its clients. CIMB Singapore is partnering ICHX Tech to allow its clients in the Asean region to raise funds in a faster, more flexible and efficient way on its blockchain-enabled…
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