Reporting and analysis on retail, e-commerce, and consumer trends in Singapore, updated continuously by our newsroom.
Molly Tea, a renowned Chinese tea chain, has marked its entrance into the intensely competitive food and beverage markets of Southeast Asia with the opening of its debut store in Singapore, situated at Orchard Central. The new establishment, which is the…
Mastercard, the globally renowned credit card company, has named Minsook Cho as its new country manager for Singapore. Cho, an industry veteran with more than two decades of experience, will hold the key responsibility of determining and implementing the…
The total fertility rate (TFR) of Singapore residents hit a new low of 0.87 in 2025, according to preliminary statistics. This downward trend, coupled with a rapidly aging population, is causing concern about how it will impact Singapore’s societal and…
HSBC has made a significant stride in expanding its footprint in Singapore by opening its fourth and largest wealth center in the city-state. Situated on the 33rd floor of the Singapore Land Tower, the wealth center spans 7,884 square feet and is equipped…
DoorDash, the leading food delivery platform, has announced the discontinuation of its operations in Singapore and Japan to concentrate on markets with higher priorities. Singapore Shutdown In Singapore, DoorDash will be closing down its Deliveroo service on…
Despite experiencing a slight dip in interest income, Singapore’s OCBC managed to maintain a relatively static profit, thanks to diverse revenue sources. Financial Performance OCBC recorded a net profit of S$7.4 billion ($5.9 billion) in 2025, marking a 2…
Pull&Bear, a renowned Spanish fashion label, has decided to withdraw its presence from Singapore following the closure of its remaining outlet at VivoCity Mall. The final day the store was open for business was February 22, 2026, as indicated by an…
Regulatory authorities in Singapore are currently evaluating whether blind boxes should be classified under the nation’s gambling laws, a decision that could profoundly influence the compliance mandates for retailers in the rapidly developing collectibles…
The iconic Prince Coffee House, a renowned Chinese restaurant in Singapore, has announced its upcoming closure, marking the end of its half-century-long service. According to the proprietor, Jimmy Lim, the decision to cease operations emerges from his…
OCBC’s private banking division has appointed Bernard Heng, a seasoned expert in the wealth industry, to bolster its custom solutions for ultra-wealthy clients. Appointment of a New Leader The Bank of Singapore, the private banking arm of OCBC, has announced…
Lazada’s RedMart has recently announced the launch of a new on-demand grocery delivery service in Singapore, RedMart Now, which guarantees to deliver orders within 30 minutes. Expanded Delivery Options The latest service supplements RedMart’s pre-existing…
Suzy White, the Global Chief Operating Officer (COO) for London’s HSBC, is set to join the board of HSBC’s Singapore branch. HSBC Singapore made this announcement recently, confirming White’s addition to their executive team. White’s professional journey has…
The rate of retail sales growth in Singapore experienced a significant deceleration in December, following an impressive surge in November. As per the data provided by the Department of Statistics, retail sales, excluding motor vehicles, saw an increase of…
One of McDonald’s long-standing outlets in Tampines Mall, Singapore, is set to close its doors on March 9. The fast-food restaurant has been a staple of the mall for over three decades, making its impending closure a significant moment for both the company…
Lady M, a prominent New York-based patisserie, has announced its return to Singapore, establishing a shop at Jewel Changi Airport. This announcement is accompanied by the unveiling of a special gift set, the 2026 Year of the Horse, in anticipation of the…
Last year saw Singapore experiencing the second-slowest growth rate in its food delivery market among prominent Southeast Asian nations, according to recent research. The Food Delivery Platforms in Southeast Asia report by Momentum Works reveals that…
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