Tag: Singapore

Retail Asia08/09/2023
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9min0
If anyone thought that Credit Suisse’s collapse would prove fatal to the Swiss finance hub should take a look at what is going on in the city-state right now. Singapore and its financial hub have been in the throngs of an unbelievably large money laundering scandal since the middle of August. It relates to billions […]

Retail Asia04/09/2023
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2min0
FedEx is supporting e-commerce growth in Singapore and enhancing the customer experience of online shoppers in the city state with the launch of Picture Proof of Delivery (PPOD) for express residential deliveries. Customers in Singapore who choose the ‘no-signature-required’ delivery option can now receive a photo showing the exact location where their package was delivered, […]

Retail Asia22/08/2023
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2min0
Changi Airports International (CAI) has signed an agreement with Cairo Airport Company, which is expected to help position Cairo International Airport as a cargo and logistics hub.  The Singapore-based airport consultancy firm will work with the airport operator in Egypt for a feasibility study for the development of Cairo Cargo City, a new area at […]

Retail Asia16/08/2023
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3min0
German logistics firm DB Schenker on Monday announced plans to invest more than €100 million for a new zero-emissions logistics facility in Tampines, which is scheduled to be completed by the first half of 2025. Dubbed RedLion2, the 600,000-sqft facility will be the company’s largest investment in Singapore, surpassing the previous investment record for Red […]

Retail Asia09/08/2023
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10min0
Singapore Post announced dividends in May as the group posted a record revenue of S$1.9 billion for the financial year 2022/2023, with the international business contributing around 90 percent of the total. In an unpredictable market environment, SingPost’s logistics unit contributed 90 percent of the total operating profit, serving as a buffer for the decline […]

Retail Asia07/08/2023
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2min0
Singapore retail sales (excluding motor vehicles) grew by 2.5 per cent to SG$3.4 billion (US$2.5 billion) in June, following May’s 1.7 per cent increase. The country’s seasonally adjusted retail sales were up 0.2 per cent month over month, data from the Department of Statistics Singapore shows. Online retail sales accounted for 14.3 per cent of […]

Retail Asia02/08/2023
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4min0
A recent dialogue saw a mutual agreement between Singapore and Japan’s aviation authorities to work together towards initiating greener air lanes between the two countries. At the 2nd Singapore-Japan Dialogue on Aviation Collaboration, the Civil Aviation Authority of Singapore (CAAS) and the Japan Civil Aviation Bureau (JCAB) shared the same view that the concept of […]

Retail Asia14/07/2023
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3min0
Singapore-based Thomson Medical Group has agreed to buy FV Hospital in Ho Chi Minh City for US$381.4 million in what will be Vietnam’s biggest ever healthcare industry deal. The company, which has operations in Singapore and Malaysia, said in a press release Wednesday that it would acquire 100% of Far East Medical Vietnam Ltd, which […]

Retail Asia07/06/2023
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3min0
The SNB takes a step to better optimize operations in a number of different currencies, markets, and time zones. The Swiss National Bank’s operating unit will start a two-year pilot project from August 2023 under which it will split operations between Zurich and Singapore, according to information received by finews.com. With that step, it intends to improve […]

Retail Asia10/05/2023
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2min0
Surging traveller numbers, revamped retail spaces and a focus on omnichannel engagement are paying off at Changi International Airport, as the Singapore hub reports retail sales rebounded to 60% of 2019 levels in January. Travellers from Indonesia, Thailand and Vietnam are leading the recovery, while traditionally strong categories including P&C, liquor, tobacco and luxury drive spending. The figures come following a period of revamp […]

Retail Asia04/05/2023
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3min0
The wait is almost over for Japan’s famed Mister Donut chain to launch in Singapore. Its first store opens on May 21 at Bishan’s Junction 8 mall. It will sell its iconic Pon de Ring doughnut – known for its crisp exterior and fluffy, mochi-like texture – which comes in a variety of flavors, including […]

Retail Asia04/05/2023
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1min0
A former executive of Credit Suisse is said to be joining the Singapore Stock Exchange. William Gulya, Credit Suisse’s former head of Asia Pacific equity distribution, will join the Singapore Stock Exchange (SGX) Group to serve as the head of the Americas, according to a brief indication by him in a LinkedIn post on Wednesday. According to […]

Retail Asia26/04/2023
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14min0
Singapore is often thought of as one of the most important financial hubs in the world. It also has one of the most diverse and quickly growing investment communities. If you want to invest in Singapore, you will find that the country has a lot of options and tools that can help you reach the […]

Retail Asia02/03/2023
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2min0
Singapore remained the biggest foreign investor in Vietnam in the first two months of 2023, with investment of $978.4 million, down 42.7% year-on-year, the Ministry of Planning and Investment reported. Taiwan ranked second with nearly $407.1 million, 3.85 times higher than that in the same period last year. The Netherlands came third with nearly $369 […]


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