Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
OCBC has hired former HSBC Greater China CEO to lead a new wholesale banking unit. OCBC has appointed former HSBC Greater China chief Helen Wong as deputy president and head of global wholesale banking, The veteran with 35 years of banking experience will…
Singaporean Michelin-starred restaurant Putien has opened its first eatery in the Philippines. The Cantonese/Fujianese-style brand has been introduced to the territory by The Vikings Group and opens in The Podium in Ortigas as its 67th location…
The Monetary Authority of Singapore received 21 digital bank applications, the regulator said on Tuesday. This comprises 14 applications for the digital wholesale bank licenses and seven applications for the digital full bank licenses. The majority of…
BNP Paribas announced its plans to launch an electronic FX pricing and trading engine in Singapore in a move to further improve efficiency and liquidity in the city-state’s market. The new offering will include 50 currencies in spot, forwards, swaps,…
The acquiring business in Dubai is one of the first initiatives the firm has in the pipeline for the Middle East. MoovPay has entered into a global’s exclusive partnership with China’s UnionPay International (UPI) for cross-border cashless payment services in…
Machi Machi, the Taiwanese cheese-tea chain which went viral after featuring in a music video of Mandopop king Jay Chou, is set to debut in Singapore. Named after Chou’s wife’s pet dog, Machi Machi Singapore will open at 25 Arab Street this month. According…
A corporate and retail banking stalwart replaces Mak Lye Mun, who retires after 10 years at the helm. CIMB Singapore has appointed Victor Lee as chief executive officer, the Malaysian bank announced on Thursday. With the new Industrial Revolution 4.0, we…
A consortium led by Razer is the latest to join the race for one of Singapore’s five digital banking licenses. The consortium includes the Singapore supermarket giant owners’ – the Lim brothers – private vehicle Sheng Siong Holdings; Richard Li’s insurance…
OCBC furthers its commitment to achieving a S$10 billion sustainable finance portfolio by 2022 with its latest green loan to Hong Kong-based developer Hang Lung. Hang Lung secured an HK$1 billion ($128 million) green loan facility from the OCBC to finance…
Blockchain payment network Terra has set up its South-east Asia hub in Singapore. The South Korea-headquartered firm has plans to expand in the region. Terra intends to grow its on-the-ground network in Asia through strategic partnerships with local…
Two solutions are part of the bank’s doubling of investments into digital over the past two years to better support its retail banking proposition. HSBC has expanded institutional analytical capabilities to retail investors in Singapore through its HSBC…
Backed by Hermes, Chinese lifestyle, home and fashion brand Shang Xia is launching in Singapore. The brand has recently appointed fashion entrepreneur Adriana Lim Escano as its exclusive distributor in the territory, starting off with a pop-up store in…
Singapore retail sales – excluding motor vehicles – slipped by 0.6 percent year-on-year in October. Including vehicles, the headline figure was down 4.3 percent. Month-on-month, sales declined by 1.5 percent, excluding motor vehicles. Statistics Singapore…
Travel retailer The Shilla Duty-Free has launched a raft of new brands at its Changi Airport health-and-beauty concessions, marking its fifth anniversary in Singapore. The new brands are on display at a refreshed retail space at the Terminal 3 Departure…
UBS Optimus Foundation has established its first office in the city-state to expand its philanthropic offerings to clients in Asia. This is the foundation’s seventh office worldwide and third in Asia, after Hong Kong and Beijing. UBS said the Singapore office…
Luxury skincare brand La Mer has opened its first flagship boutique in Marina Bay Sands. Occupying a 375sqft space, the new store features gold, cream and forest green as theme colors. The marble floor resembles the sea that “forms the bedrock of the brand’s…
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