Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Four Singapore Liang Sandwich Bars have closed suddenly, angering the master franchisee for Southeast Asia, Liang Group. The company said the closures were unauthorized. Liang Group CEO Jarvin Leow said the company had not authorized the stores’ shuttering…
OCBC’s posted a record in net profits after broad-based growth across interest and non-interest income growth drove the bottom line 8 percent higher. Annual net profits at OCBC reached S$4.87 billion ($3.48 billion) after the bank ended the year on a strong…
Singapore supermarket operator Sheng Siong says it plans to open more stores across the city in the wake of a 7.4-per-cent profit increase last year. Sheng Siong Group achieved a net profit of S$75.8 million (US$54 million) for the December year on revenue up…
Cryptocurrency exchange giant, Binance, has applied for an operating license in Singapore which continues to lure new players following the recent progressive developments in its regulatory regime. Founded in 2017, Binance experienced extremely rapid growth…
Singapore retail sales were flat in December, after motor vehicles were removed from the data, rising by a mere 0.1 percent. Including motor vehicles, a decrease of 3.4 percent was recorded, but this relates more to the scarcity of Certificates of Entitlement…
The man, wanted in connection with the 2016 robbery of a Standard Chartered branch in Holland Village, will face charges in Singapore after his appeal against extradition from the U.K. was dismissed by a London judge. Canadian national David James Roach will…
The bank is partnering with Australia-based start-up Assembly Payments to deliver next-generation payment solutions to merchants globally. Standard Chartered is launching a new payments venture to be headquartered in Singapore as part of a strategic…
Staff of major firms are being told to work from home and temperature screening and sanitation are being stepped up at many towers in the central business district as two cases emerge. The novel coronavirus outbreak in Singapore has spread to its financial…
Bangkok’s world-famous Chatuchak Market has launched a satellite site in Singapore. A 40,000sqft pop-up market located at The Grandstand on Turf Club Road, it marks the first time Chatuchak has been convened outside of Thailand. The market opened this week…
Singaporean banks continue tapping into the growing sustainable finance market with the latest $44 million loans secured by Burmese developer Shwe Taung Group – the first in the country. Sole green loan advisor OCBC provided nearly $30 million with the…
As part of its network reconfiguration, Citi is shuttering its iconic branch at McDonald House on 28 February. For its replacement, the U.S. bank said it will soon launch a whole new and exciting retail banking branch experience after its MacDonald House…
OCBC has implemented an automated solution that accelerates collaboration with law enforcement agencies by up to 100-fold. On average, it takes between 10 days and three months for banks to respond to production orders or requests by law enforcement agencies…
The strategic investment will help the growth of its Data, Connectivity and Indices (DCI) business by strengthening its research-based index design capabilities as well as broaden the range of index products and clientele. Singapore Exchange (SGX) has paid…
Singapore has introduced new payment legislation that offers global cryptocurrency firms a chance to expand their operations in the country. The Payment Services Act, which comes into force on Tuesday, is the first comprehensive regulation for companies…
The Firm has been fully licensed as a trust company by the Singapore Monetary Authority (MAS) since 2010 and is located in the heart of the central business district at 1 George Street, according to further information. The board of Swisspartners Marcuard…
Rich Chinese continue to snap up luxury homes in the city-state as they seek a safe and calm offshore location to park their wealth. Protests in Hong Kong are driving rich Chinese property buyers away from the special administrative region to relatively calm…
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