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22 stories in this topic
Metro, a well-known retailer based in Singapore, has announced plans to shutter its department stores located at Paragon on Orchard Road and Causeway Point. This decision comes in line with the company’s strategic pivot away from traditional large-format…
After two decades of operation, the well-known Singapore buffet restaurant, Carnivore Brazilian Churrascaria, has announced its impending closure at the end of September. The establishment, situated at Riverside View in Robertson Quay, shared the news via…
DBS Group, Singapore’s dominant bank, has reached a new milestone with its market value surpassing SGD200 billion (US$154.8 billion) as of Monday. This achievement marks a key moment for DBS, known for being the largest bank in Singapore in terms of asset…
In the latest trading session, Singapore’s three major banks, DBS, OCBC, and UOB, all witnessed record high closures. Spearheading gains on the Straits Times Index, OCBC saw a 3.3% rise, closing at S$26.34 (US$20.39). UOB climbed 2.9% to S$41.69, and DBS…
Singapore’s premier telecommunications company, Singtel, has initiated the country’s inaugural 50 Gbps fiber broadband technical trial. The aim of this groundbreaking move is to fortify the fixed connectivity infrastructure of the country, which is crucial…
Fingular, a renowned Singaporean fintech firm, has expanded its Southeast Asian footprint by inaugurating a new operational hub in Malaysia. This recent development represents a strategic move in Fingular’s overall plan to establish a globally integrated…
As Singapore further cements its position as a worldwide hub for innovation, HSBC is strategically situating itself at the forefront of this transformation. HSBC’s group chief executive, Georges Elhedery, has recently expressed that innovation, technology,…
Cai Ca, a novel bubble tea brand, conceived and established by the ex-CEO of Gong Cha’s Singapore franchise, Kang Puay Seng, has effectively filled the void left by Gong Cha’s departure from the city-state by taking over six of its former outlets. The Birth…
Changi Airport has continued to demonstrate its resilience and recovery from the pandemic-era downturn, with a recorded 5.8 million passengers in October. This figure represents an increase of 3.4% compared with the same period in the previous year and is one…
WeRide and Grab have recently been given the go-ahead by Singapore’s Land Transport Authority to initiate their full-scale Ai.R fleet testing in Punggol. This move is significant as Punggol will be the nation’s first residential area to potentially provide an…
Singapore’s financial technology (fintech) industry is advancing into a new phase of sophistication. This phase is characterized by the embracement of artificial intelligence (AI), the introduction of stricter regulations, and an increasing focus on regional…
Singapore has made a bold move towards mainstream digital finance through the launch of its first tokenized retail fund. The innovative initiative, the result of a collaboration between Franklin Templeton and DBS Bank, offers a US dollar short-term money…
In September, retail sales in Singapore continued their upward trajectory, albeit at a slower pace than in August. Overview of Retail Sales Singapore’s retail sales, excluding motor vehicles, witnessed a 2% growth in September. This figure is slightly lower…
Aupen, a luxury bag brand from Singapore whose designs have been sported by renowned personalities like Taylor Swift and Selena Gomez, is eager to unveil its debut fine jewelry collection. This exciting event, scheduled for Saturday, is happening in…
The Land Transport Authority (LTA) in Singapore is taking the initiative to upgrade its rail infrastructure’s video transport and CCTV network. The project is being launched in partnership with Nokia and Hitachi Rail, and its primary goal is to boost…
The Central Provident Fund (CPF) of Singapore has been recognized as the leading pension system in the Asia-Pacific region, achieving an unprecedented A grade in a global index. This milestone marks Singapore as the first in the region to receive such a high…
