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The antiquated systems of cross-border payments are imposing a substantial financial burden on businesses in Singapore, confining billions of dollars in operational capital and diminishing economic efficiency. This is according to recent research conducted by…
In April, Singapore’s retail sales growth accelerated, with most sectors, especially petrol service stations, experiencing significant advancements. The Department of Statistics reported a 4.5% rise in retail sales, excluding motor vehicles, parts, and…
Haidilao, the renowned hotpot chain, has recently begun offering pig blood curd across all its Singapore locations, marking the end of a 27-year prohibition. In an announcement made on social media last Tuesday, Haidilao Singapore revealed that the dish would…
Manulife Singapore is intensifying its commitment to preventative healthcare and lifespan enhancement solutions via a new partnership with Guardant Health, a precision oncology expert. This strategy makes Manulife the pioneer insurance firm in Singapore to…
Air New Zealand is set to inaugurate a regular direct service connecting Singapore to Christchurch in New Zealand’s South Island from October 28. The airline has already started selling tickets for this service, which will operate thrice weekly. During the…
Singapore has taken over from Indonesia as the leading stock market in Southeast Asia. This shift has come as Indonesia’s market capitalization has dropped dramatically due to an uncertain future outlook. From its peak in January, the total market…
Sederhana, a well-known Indonesian food chain, is preparing to open its first Singaporean branch, taking the place of a recently closed restaurant that had been serving customers for almost eight decades. Sederhana announced its arrival in Singapore via an…
In Singapore, three prominent online retailers, namely Boarding Gate, Origin Sleep, and Light In The Box, have been implicated in deceptive practices aimed at manipulating consumers’ purchasing behaviors. These retailers were found to be manipulating elements…
Swedish fashion conglomerate, H&M, has recently undertaken a restructuring exercise which has led to job cuts in Singapore. This move comes as the retailer transfers its Southeast Asian hub from Singapore to Kuala Lumpur in Malaysia. The restructuring…
Singapore and Thailand have been identified as two of the world’s “happiest” economies according to the annual Misery Index by Steve Hanke, a Johns Hopkins University economist. Singapore took the second spot globally, just behind Taiwan, achieving a Misery…
The Japanese retail giant, Don Don Donki, has disclosed plans to close its outlet at HarbourFront Centre in Singapore this July. Shoppers will be in for a treat as select items will be sold at clearance discounts, some with up to 70% off. The store, popular…
Cruise operators in Singapore are taking measures such as reducing sailing speeds, modifying routes, and discontinuing promotional offers in an effort to mitigate the effects of surging fuel prices triggered by the ongoing conflict in the Middle East.…
Singapore Airlines has postponed the unveiling of its upgraded first and business class cabins on Airbus A350-900 aircraft until the first quarter of 2027, retreating from the original target date in the second quarter of 2026. The adjusted timeline comes as…
The retail sector in Singapore experienced further growth in March, building on the momentum gained in February. The Department of Statistics reports a 3.3% year-on-year increase in retail sales for March, not counting motor vehicles, parts, and accessories.…
After two decades of operation, PaperMarket, a Singaporean lifestyle and craft brand, has announced plans to shutter its final physical location. Amid challenging business conditions, the local retailer has decided to refocus its efforts on its digital…
For over a decade, a small-town barbecue and hotpot restaurant enjoyed a regular and content clientele, primarily consisting of employees from a neighboring industrial park. The eatery was particularly bustling over the weekends, basking in the laudatory…
