Topic of Interest: #Commercial (10,021 Articles Found)

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New hypermart champions local produce

Local produce is getting a boost at a new FairPrice supermarket in Marine Parade that will carry more goods from domestic makers. The new FairPrice Xtra hypermarket on the third floor of Parkway Parade will have a dedicated…

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.…

From 200 to 25,000 bicycles: How SG Bike became the largest bike-sharing firm in S’pore

The bike-sharing landscape in Singapore has seen a boom and bust over the years. Back in 2017, it was saturated with seven bike-sharing players but many also exited the market within a few years. Out of that seven…

Paris Baguette opens largest Singapore store yet

South Korean Bakery Paris Baguette has launched its first duplex store in Singapore, the brand’s largest outlet yet in the city. Located at 313@Somerset, the store spans 3,200 sqft with a capacity of 80 seats. While the first…

Firms in HDB estates should consider hiring residents with disabilities, says President Halimah

More employers in the heartland should look into providing job opportunities for persons with disabilities (PWDs), President Halimah said on Fri. This would allow PWDs to overcome constraints such as long commutes or issues with taking public transport,…

Bedok Mall, Golden Mile Complex among places visited by Covid-19 cases while infectious

On Fri, MOH said that the infectious persons had visited VivoCity mall on Jan 8 between 11.10am and 2.25pm, Tsuta Japanese Soba Noodles at VivoCity on Jan 8 between 11.30am and 12pm. ShinnSato Japanese Cuisine at 79 Kampong…

Covid-19: Free surveillance testing to be offered to community groups, workers in Chinatown

The Government will offer free Covid-19 surveillance testing for community groups and workers in Chinatown as a precautionary measure in the lead-up to Chinese New Year. Taking place on Feb 8 and 9, the testing will involve stallholders,…

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…

Singapore to build ecosystem of venture studios: DPM Heng

The Boston Consulting Group (BCG) has parked its latest corporate venture campus in Singapore, in part of the city-state’s efforts to “build up an ecosystem of venture studios” for corporate innovation, said DPM Heng at the launch of…

199-year Boat Quay shophouse up for sale for S$27m

A 199-year leasehold conservation shophouse located at 31 South Bridge Road and 88 Circular Road in Boat Quay is up for sale via private treaty at S$27 million, ERA said on Fri. The two-storey asset sits on a…

Retail rents fell 14.7% in 2020; market will remain challenging, say analysts

The decline in retail rents gathered pace in the fourth quarter, taking the full-year drop in URA’s rental index of retail space in the central region to 14.7 per cent. This is in sharp contrast with the increase…

Retail rents fall at faster clip of 5.2% in Q4 but vacancy eases to 8.8%

Rentals of retail space in Singapore’s central region decreased by 5.2 per cent in the fourth quarter of last year over the previous three months. This is a bigger pace of decline compared with the 4.5 per cent…

Property consultants upbeat about Singapore office market in second half

Property consultants are cautiously optimistic about prospects for the Singapore office market, at least in the second half of this year. “While the first half of 2021 is expected to show the continued grappling of the pandemic, the…

Singapore office rents fall at slower clip of 3.5% q-o-q in Q4, vacancies ease

Rentals of office space in the central region of Singapore fell 3.5 per cent in the fourth quarter of 2020 over the previous three months, a smaller rate of decline compared with the 4.5 per cent drop in…

Coronavirus: Singapore says it’s given 60,000 vaccine shots, as it tightens social distancing curbs ahead of Lunar New Year

Some 60,000 residents in Singapore have received their first Covid-19 vaccine shots since Dec 30, authorities said on Fri. Meanwhile, Singapore announced that it would tighten Covid-19 restrictions slightly, following a small spike in infections in recent days,…

Amid COVID-19 challenges, the rise of home baking helps Phoon Huat to whisk up expansion plans

Baking, according to CEO of Phoon Huat, is an activity that brings “peace and happiness to the home”. “The aroma of cakes is the best flavour to make everybody at home smile,” said Mr Shuichi Sato. The 55-year-old…

Singapore real estate firm Frasers Property commits to net zero emissions by 2050

Frasers Property has committed to be carbon neutral by 2050. The company, which made the announcement on Thurs in its sustainability report, is the first publicly listed Singaporean company to set a net-zero carbon emissions target for the…

Analysts mostly positive on CapitaLand Integrated Commercial Trust, says REIT is on the way to recovery

Analysts from CGS-CIMB Research, DBS Group Research and RHB Group Research are mostly positive on CapitaLand Integrated Commercial Trust (CICT) after the REIT posted its FY2020 results on Jan 21. As the REIT as 16.3% of portfolio income…

Teo Heng KTV’s exit in S’pore a “temporary move” – will persevere and hold on to 2 outlets

Homegrown family-friendly karaoke studio Teo Heng KTV was founded back in 1989 by Jackson Teo, who started out selling karaoke sound systems at Katong Shopping Centre. In July last year, Teo Heng KTV announced that it will be…

Amoy Street Food Centre, food court at Nex mall among places visited by Covid-19 cases while infectious

MOH added four more locations to a list of public places that had been visited by Covid-19 cases during their infectious period. On Thurs, MOH said that the infectious persons had visited, NTUC FairPrice supermarket at Joo Chiat…

Frasers Centrepoint Trust reports 96.4% retail portfolio occupancy in Q1 FY21

The manager of Frasers Centrepoint Trust (FCT) said on Thurs that its performance for the final three months of 2020 remained resilient, with retail portfolio occupancy stable at 96.4 per cent. In an exchange filing, it said total…

Daiso is latest household brand in Singapore to go online, but shoppers also want physical stores

Japanese discount store Daiso launched its Singapore website on Mon to provide more choices to its customers. The online platform lists products in 25 categories including cleaning supplies, daily necessities and personal care. “We have been working on…

Going, going, not gone: Marks & Spencer to continue operations at Raffles City despite earlier announcement

Looks like Marks & Spencer isn’t going to shutter its Raffles City Shopping Centre outlet after all. The brand had originally announced that the outlet would permanently close its doors on Dec 31 last year. The lease for…

CapitaLand Integrated Commercial Trust reports DPU of 8.69 cents for FY2020, 4Q20 distributable income up 26.8% y-o-y

The manager of CapitaLand Integrated Commercial Trust (CICT) has reported DPU of 8.69 cents for the FY2020 ended Dec on Jan 21, compared to 11.97 cents in FY2019. Distributable income for the 4QFY2020 grew 26.8% y-o-y to $145.4…

RSI falls to 98 in November 2020: Knight Frank

The retail sales index (RSI), excluding motor vehicles, dipped by 2.4% y-o-y to 98 in Nov 2020, with retail sales performance having improved in the period due to large-scale sales events 11.11 and Black Friday on digital platforms,…

Fujitsu Asia to ‘reimagine’ Singapore office

Fujitsu Asia has revealed plan to reconstruct its office in Singapore to “support smart working and diverse working styles.” “To future-proof the company, the holistic workplace transformation will see a shift in areas including work, allowance, and staff…

Four strata-titled shops in Tanjong Pagar for sale at $12.65 mil

Four strata-titled shops at the ground floor of Lumiere along Mistri Road are on the market at a guide price of $12.65 million, or $3,000 psf based on the strata areas. The shops at Lumiere range from 581…

Give details of what is being done to improve cleanliness of coffee shop toilets

SMU’s Toilet Cleanliness Index survey revealed the failure of efforts to maintain a culture of clean toilets in Singapore, and showed that toilets in coffee shops and hawker centres have been getting dirtier over the years instead of…

Facility’s quality and maintenance are key to toilet cleanliness

Singaporeans often visit coffee shops and hawker centres, but dirty public toilets are still a problem in these places. There is no proof that users’ behaviour varies depending on the setting and surroundings of the premises (Coffee shop…

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