Retail
Singapore ranks 19th in global luxury retail rents in 2024
The city-state also ranked fifth in new store openings.
Singapore ranks seventh globally in D2C funding: Tracxn
Singapore led in Southeast Asia.
Duty Free’s net profit soars to $16m in FY 2024
Basic earnings per share stood at $1.33 (RM4.47).
Retail vacancy drops 1.5% YTD: JLL
Vacancy rates remained stable despite weaker space demand.
Prime retail rents remain flat in Q1 2025
The average island-wide gross rent only grew 0.3% QoQ.
Retail sales drop 20% MoM in February
Total retail sales dropped to $3.2b from $4.0n in January.
Grocery firms' earnings resilient on global supply flexibility
Food procurement costs due to US tariffs can be mitigated through alternative markets.
COTD: How AI-ready are Singaporean sellers?
61% are still skeptical about the usefulness of AI.
Singapore has second-highest share of AI-driven sellers
Entrepreneurs use AI in at least 29% of their operations.
Singapore eyes directory of heritage businesses
Citizens are being urged to patronise companies with cultural significance.
Retail sales fall 3.6% in February
The decline was partly due to the Chinese New Year.
Accounting, storage, and cargo handling prices rose in Q4 2024
Freight forwarding and sea freight transport prices fell during the quarter.
Businesses sentiment of small enterprises hit highest since 2019
Over 6 in 10 small businesses in Singapore expect growth, CPA Australia found.
FCT to buy Northpoint City South Wing for $1.17b
It is buying all units owned by FCL Amber and Bright Bloom Capital.
Consumer Price Index up 0.9% in February
Food, transport, and health prices all increased during the month.
Gov’t launches scheme to support local heritage businesses
The scheme will be piloted from 20 March to 18 May.
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