Stories By: SGSME (237 Articles Found)

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Gym, hotel and tour operators say they’ll take the hit in their stride

While most gym operators BT spoke with were sanguine about being forced to shutter again in view of rising Covid-19 numbers, the president of the newly formed Singapore Fitness Alliance (SFA) said the directive feels like the industry…

Kimly unit in joint venture to run coffee shops in Bukit Batok, Serangoon North

Kimly has entered into a JV agreement through its wholly-owned subsidiary Kimly Makan Place to manage two coffee shops in Bukit Batok and Serangoon North, the coffee shop operator said on Thurs. The coffee shops are located at…

More support for construction, process, marine firms in light of freeze on arriving workers from India

With the construction, process and marine sectors expected to be hit by the just-announced freeze on migrant workers arriving from India, the government is working on additional support, said Minister Lawrence Wong. The construction sector in particular has…

Little Farms owner went from private equity to grocery business

Two decades spent in investment banking and private equity gave Joe Stevens leadership and financial skills, but did not prepare him for the issues he would face as a small business owner. Mr Stevens, who had headed Standard…

Staff-served buffet lines in Singapore allowed to resume

Buffet lines, which were suspended last year due to the Covid-19 pandemic, will be allowed to resume starting Apr 12, according to ACAPS. But the food must be served by staff, meaning self-service buffets remain suspended. And weddings,…

Operators see uneven boost in F&B takings in CBD

F&B operators in CBD are still waiting for the return of the lunchtime crowds that used to be a major source of their revenue. Footfall levels observed by F&B firms last week varied, with some telling BT that…

Troubled SuperPark Singapore to reopen at Suntec under new management

Superpark Singapore, an indoor playground at Suntec City that closed last year amid financial troubles, will reopen on Apr 9 under a new operator. The new operator of the 40,000-sqft space is DreamUs, which was established in 2014…

Singapore industrial market: A pandemic winner

The US is launching a US$1.9 trillion stimulus package that could catalyse global economic recovery and global trade volumes. This large economic rescue package will be a booster to Singapore, given her open economy and high dependence on…

The retail scene in post-pandemic Singapore

The retail sector is dynamic, constantly responding to varying needs and ever-evolving consumer behaviour. Transformed by the Internet, today’s retail landscape is a different creature from what it was more than a decade ago, with the pace of…

Running a business is a marathon, not a sprint: Joe & Dough co-founder

Twelve years on, Joe & Dough is still standing in Singapore’s highly competitive F&B industry. The key to it is realising that running a business is not a sprint, but a marathon, says co-founder Damien Koh. Mr Koh…

Co-living startup Hmlet loses CEO; hit by senior management exodus

Hmlet’s CEO and co-founder Yoan Kamalski has stepped down after five years at the helm, the latest in a series of departures by top mgmt. The co-living startup has also lost its CTO and CFO, among a few…

Singapore waste-management firm Wah & Hua sold to regional player Blue Planet

Wah & Hua Pte Ltd, a waste-mgmt firm in Singapore, has been acquired by regional player Blue Planet Environmental Solutions in its bid to enter the sustainable waste mgmt market in the city-state. The deal, Blue Planet’s first…

Mice industry to see boost from higher capacity cap of 750

The relaxation of measures for events, particularly commercial ones, will see a boost to local demand, even as some industry operators await more clarity on whether travel processes will be adjusted to allow for more foreign attendees. The…

Technology will drive the reboot of the mall in Singapore

The one-two punch of technology disruption and Covid-19 has been the latest blow dealt to the local retail landscape, particularly for brick-and-mortar stores that were already struggling pre-pandemic. However, with news of the government’s plans to impose GST…

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…

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