Stories By: SGSME (223 Articles Found)

Filter
  • Filter Articles By

  • Date Range

  • Categories

    • Select Category

  • Articles

    • Select Type of Articles

  • Topics

    • Select Topic

Increased interest in electric vehicles suggests tipping point in Singapore

The marked increase in interest in EVs in the past fortnight suggests that Singapore is moving toward a real tipping point moment which augers well for the Republic’s ambition to be a hub for innovation and EV manufacturing.…

Surging towards a green economy

The idea of “environmental sustainability” is inextricably woven into the tapestry of Singapore’s development from a polluted island in the 1960s to one of the cleanest and greenest cities in the world. Accelerating Singapore’s ascent as a green…

High steel prices could hit construction industry

On its own, the global steel price rally in recent months may not have much impact on the profit margins of those in the built environment sector. But it is another significant headwind that they face in their…

Propped up by government support last year, construction sector could see more exits in 2021

As government relief measures taper off, more exits can be expected in Singapore’s construction sector – a sector that was hit hard by the Covid-19 pandemic but where the worst of the impact may not yet be reflected.…

Providing smart security for a Smart Nation

A man was exercising alone at a 24-hour gym in Singapore at 3am when he suffered a heart attack. Thankfully, the gym had a panic button which he used to alert a security guard of his plight. The…

Jumbo taps hawker scene to diversify income and adapt to new dining habits

As the current business environment remains challenging for restaurants, F&B player Jumbo Group has expanded to tap into opportunities in the local hawker scene that come with lower operating costs and a wider market segment. The group made…

Uphill battle for Singapore hotels despite boost from staycations in December

Hotels may have gotten a boost during the Dec break thanks to the tourism vouchers and the school holidays, but they continue to face an uphill struggle this year without intl travellers. Yet they remain cautiously hopeful, with…

MRT station retailers struggle as customers continue WFH

As working from home remains the default arrangement in Singapore, some retailers at train stations, particularly those in CBD, are finding business unviable. Multiple units at the Tanjong Pagar and Raffles Place exchanges, for instance, have been shuttered…

Property SMEs can get instant collateral-free loans under proptech, Validus tie-up

SMEs in Singapore’s real estate and construction industries will be able to obtain upfront, collateral-free financing, under a new offering named Really eZFunds. Proptech startup Really Singapore has partnered peer-to-peer financing platform Validus to enable pre-approved working capital…

Contactless payments are here to stay: Visa

Only six per cent of consumers in Singapore – the lowest of all markets surveyed – would revert to pre-Covid methods of payments after a vaccine is widely available, financial services corporation Visa found in a study on…

Moving hawkers up the food chain

In Singapore’s competitive hawker trade, where the unsuccessful throw in the towel and close down within a few years – months, even, names like Fei Siong, Liao Fan Hawker Chan and Li Xin Teochew Fishball Noodles stand out.…

F&B sector has evolved over the course of 2020

The F&B industry was hit especially hard by Covid-19, with the economic downturn, lockdown measures and dine-in restrictions leading to the sector reporting a y-o-y loss of almost 30 per cent at the end of the third quarter…

Kimly unit enters into joint venture to run coffeeshop at Hougang

Coffeeshop consolidator Kimly announced on Thurs that its wholly-owned subsidiary Kimly Makan Place has entered into a JV agreement to run a coffeeshop at Hougang. Kimly Makan Place will manage the coffeeshop located at Blk 134 Lorong Ah…

Home-grown Founder Bak Kut Teh closes two of its four outlets

Home-grown chain Founder Bak Kut Teh, which had four outlets a year ago, is now left with just two – its Balestier Road flagship store and a branch at Downtown East in Pasir Ris. It closed its outlet…

Feels like home: New breed of long-term pop-ups and stores join retail scene

Inside local fragrance brand Six’s new store, you would be forgiven for thinking you should take your shoes off. The boutique in the basement of 313 @ somerset is styled so cosily, it almost feels like a home. Art installations…

CDL exec chair defends new independent board directors

City Developments (CDL) executive chairman Kwek Leng Beng has come out to defend recent appointments to the board and reassure investors after an exodus of directors put the spotlight on bitter internal divisions over the group’s investment in…

Economists look to growth in Singapore retail sales by Q1 2021

Singapore’s retail sales could return to positive growth as early as the first quarter of this year, said economists encouraged by the slowing decline seen in Nov’s data. The estimated total retail sales value was about S$3.6 billion,…

WEF event to have measures in place to limit contact with locals

Attendees of the World Economic Forum’s (WEF) Special Annual Meeting in Singapore in May will have limited interactions with the local community, as part of Covid-19 preventative measures for the intl gathering of political and business leaders, Minister…

Retail sector to see slow, steady growth in 2021

Incremental growth is on the cards for the retail sector in 2021, as Singapore cautiously reopens its borders to stimulate the economy while containing the risks of a Covid-19 resurgence. According to Singstat data, retail sales recovery has…

Robinsons to shut last store at Raffles City by Jan 10

Robinsons will close its last store at Raffles City by Jan 10, bringing 162 years of history to an end. Liquidator KordaMentha said that while the last day of operation will be no later than next Sun, the…

Eateries see surge in bookings over year-end period

While Covid-19 might have dented F&B business last year, eateries enjoyed a burst of activity in Dec, with more bookings made compared with a year ago, before the pandemic struck. F&B players said it reflects a recovery in…

A year when some retailers lost the battle for survival

Retailers have had it tough for some time, with bricks-and-mortar operators under siege from online sellers, but they met with greater challenges this year amid a pandemic that has wreaked havoc across the economy. Inevitably, some retailers –…

Surge in festive takeaways at hotels, restaurants

Hotels and restaurants are seeing a spike in festive takeaways this year as dining-in restrictions have forced many to keep their celebrations at home. This comes even amid the current economic climate, with consumers in Singapore showing little…

30 to 60 hotels serve as SHN facilities at any point in time: STB

Despite further easing of Covid-19 restrictions, the government is keeping close tabs on the number of hotels that are designated as stay-home notice dedicated facilities (SDFs). “The total number of hotels being used as SDFs depends on supply…

Seating, alcohol curbs still challenging for F&B sector

F&B businesses have welcomed the move to allow gatherings of as many as eight people from Dec 28, up from five now, as Singapore enters Phase 3 of its three-stage economic reopening. Although the relaxation of Covid-19 restrictions…

Some hotels cancel year-end staycations to take in SHN guests

Even as hotels in Singapore see a robust demand for staycations as borders largely remain shut, some hoteliers have had to give up leisure bookings to make way for guests required to serve their stay-home notice (SHN). BT…

Some firms buck trend and go ahead with plans for bigger workspaces

Offices have been hollowed out this year with people switching to working from home during the pandemic, but some firms are still forging ahead with plans for new and bigger physical workspaces. Razer, UBS, Grab and Foodpanda are…

M&C reports spike in bookings for Singapore, London hotels ahead of holiday season

City Developments Limited’s (CDL) subsidiary Millennium & Copthorne Hotels announced on Thurs that its hotels in Singapore and London have had a jump in bookings for staycations and its restaurants on robust domestic demand ahead of the year-end…

Restaurant industry has yet to tap full potential of technology, say industry players

The restaurant industry has digitalised at an unprecedented rate amid the Covid-19 pandemic, but restaurateurs still have a long way to go in maximising the benefits of technology and data in their businesses, said regional key industry players…

Recycling food with insects takes flight

Local company Lam Tak is in the business of recycling food waste. But here’s the catch: the firm does so with legions of flies. Lam Tak started out as a wheat bran distributor before dipping its toes in…

Sign In to Bookmark This Story

Sign In with Google