Singapore
The Future of Holiday Retail is Blended Experiences
The Future of Holiday Retail is Blended Experiences
From Sasa to once-popular departmental stores such as Metro and Isetan, a number of retailers have left Singapore shores or announced plans to do so over the last decade. However, while it is true that there have been some troubling signs such as store closings and an increase in the number of retailers filing for bankruptcy, they don’t quite tell the whole story. Here in Singapore, over 90% of retail sales are still spent at a physical location, with e-commerce making up only 5.6% of all shopping. Physical retail is far from dead. However, staid retail experiences that are boring, unimaginative and disengaging is making its way out.
Finding Stability in The Cloud During Uncertain Times
Businesses in Singapore have for many years enjoyed a significant degree of stability compared to those in other countries, be it political stability or the fortunate absence of natural disasters. As such, discussions around flexible working arrangements - allowing people to work from home or whilst they’re on-the-go - have primarily been around achieving a better work-life balance for employees. Addressing the possibility of major, unplanned business disruption has always been a distant second priority and objective in these conversations.
Data-driven culture key to business growth
In the last decade, data has shown itself to be more than just facts and statistics that a company collects - it has become integral to business growth for firms in Singapore. When analysed, data can provide a company with insights that help it become more efficient and strategic, and identify new business opportunities that may have otherwise been overlooked.
Top 3 S-REITs' returns hit 26.9% in 2019
These trusts also collected a combined market cap of over $20b.
Great Eastern's profit climbed 36% to $1b in FY2019
Profit from its shareholders’ fund surged 266% to $277m from higher valuation.
NODX tipped to drop 1% in 2020
It could worsen if the COVID-19 outbreak becomes more widespread.
Salary raise for new hires to climb 5-10% in 2020
Companies are expected to be less receptive to salary negotiation.
Daily Briefing: SIA slashes flights; AI firm Eureka bags $27.8m in Series B round
And software company Credify has raised $1.39m in seed funding.
Chart of the Day: Retail property deals soared 204% to $4.1b in 2019
Investor interest as well as M&As drove growth.
Daily Markets Briefing: STI down 0.51%
Singtel saw the sharpest decline amongst top active stocks with a 1.25% contraction.
Everything you need to know about the Big 4's reactions to Budget 2020
Find out what EY, Deloitte, KPMG, and PwC have to say about the Budget.
Singapore to invest $800m in fight against COVID-19
A bulk of this allocation will go to the country’s health ministry.
Budget deficit hit $1.7b in FY 2019
This translates to 0.3% of the GDP.
Singapore Budget 2020 Full Coverage: COVID-hit sectors to get $4b and GST hike moved to 2025
The budget deficit could hit $5.1b in 2020, the government injects $1.6b into the CPF Housing Grant, and $1b gets pumped into cybersecurity measures.
DBS, Chubb Insurance partner for COVID-19 cash policy
It will provide daily cash benefits and lump sum payout for ICU confinement.
High-yield non-financial Asian firms' default rate to rise 2.4% in 2020
China has been seeing an increased tolerance of defaults.
Standard Chartered opens international banking and priority private centre in Singapore
It caters to clients with a minimum AUM of $1.5m.
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