The Singapore Business Review provides daily news about the Singaporean business landscape.
By 2030, 60% of Singaporean consumers expect seller location to matter less, signaling a shift towards a borderless retail landscape.
Six in 10 Singaporean consumers believe that by 2030, the geographic location of sellers will have less influence on their purchasing decisions.
The startup is fast-tracking the development of new products, such as intraday FX swaps.
The startup is fast-tracking the development of new products, such as intraday FX swaps.
Singaporeans are increasingly pursuing Generative AI courses, with enrollments up 815% in 2024, signaling a shift towards future-ready skills.
Generative AI (Gen AI) course enrollments in Singapore skyrocketed in 2024, rising 815% compared to the previous year, Coursera reported.
Singapore is proposing a new rule implementing a minimum interest coverage ratio of 1.5x for REITs. Xian Yang Wong , CFA, Head of Research Singapore and Southeast Asia at Cushman & Wakefield discusses this new rule.
https://bit.ly/3yYqWL0
Rising food prices drive 95% of Singaporean shoppers to buy house brands, with many seeking better value and lower costs.
Grocery shoppers are increasingly turning to house brands as they feel the effects of rising food prices, NielsenIQ reported.
An extension of the Singapore Sustainability Academy (SSA), is set to enhance capacity building and collaboration in climate action and sustainable development. Esther An, CDL's Chief Sustainability Officer elaborates this project. https://bit.ly/3XiBvlC
As mail demand drops, SingPost pivots to logistics, enhancing capabilities with global partnerships and innovative delivery solutions for growth.
Singapore Post Ltd (SingPost) is shifting its focus to e-commerce and logistics as demand for traditional mail continues to decline.
Singapore's Total Fertility Rate (TFR) fell below 1 for the first time in Singapore’s history. Dr. Jennifer Sciubba, President & CEO, Population Reference Bureau zeroes in the pressure of this to women. https://bit.ly/4dHfhj4
The number of new F&B establishments was unmatched by the growth of tourists and locals.
F&B players’ profitability has “eroded” amidst growing competition that was not matched by the pool of customers.
Affluent consumers in Singapore are not slowing down their spending, even as inflation rates climb, reveals MDRi.
Affluent individuals in Singapore and Hong Kong are increasingly inclined to spend more, particularly on luxury items, despite the rising cost of living.
The new HDB Flat Portal lets buyers deal directly with sellers now. Discussing its impact are Mark Lim from OrangeTee & Tie, AAG Division and Sze-Teck Lee from Huttons Real Estate Group Asia. https://bit.ly/3MhkaTW
The expected rate cuts in September could bring immediate relief to REITs, especially those with lower fixed-rate hedging.
Expected interest rate cuts in September are poised to benefit real estate investment trusts (REITs) because of their close correlation.
Recent cooling measures may only have a temporary impact on HDB demand, with prices likely to rise in the future.
The government’s latest measures to cool the HDB resale market will only slow demand for flats “temporarily,” said a real estate expert.
Singapore Computer Society has launched a skills pathway for cyber security to address the shortage of skilled cyber security professionals in the country. Foo Siang-tse, Senior Partner of Cyber at NCS, a founding employer of the Skills Pathway for Cybersecurity, discusses this initiative
https://bit.ly/4cxM9Jm
The private residential market may not see a significant recovery until 2025, as economic uncertainty hinders progress.
A significant recovery in the private residential market is unlikely in 2024, with more substantial shifts expected in 2025.
Transparently.AI's tool predicts corporate collapse and detects accounting manipulation and fraud instantly. https://sbr.com.sg/financial-services/in-focus/startup-pioneers-ai-detect-accounting-fraud
Transparently.AI identifies red flags far in advance of a corporate collapse.
Healthcare and hospitality sectors lead the rise in gig work in Singapore, as workers increasingly prefer flexible job arrangements.
More workers in Singapore are turning to gig work for greater flexibility and autonomy, according to Jobs On Demand (Jod).
Singapore retailers must enhance value-added services to compete as the Johor Bahru rapid transit system opens in 2026.
Shops should add value and cut costs to battle their lower-priced rivals.
The RTS Link project between Johor Bahru and Singapore might cause a 5.4% retail value leakage and impact retail sales by 3-4%. Sharing their insights on this are: Mário Braz de Matos. Co-founder and Managing Partner of Flying Fish Lab, the Controlled Disruption Company and Januel Koh - Digital Marketing and Branding Lecturer, Singapore Polytechnic's School of Business
https://bit.ly/3WG8z5A
External disruptions challenge Singapore's organisations. EY suggests adopting a superfluid model to improve organisational resilience.
External disruptions can severely impede organisational transformations, posing a challenge that affects nearly half of organisations in Singapore.
Experts say Singapore's rental prices are "out of sync with global trends," causing a fall in value rankings.
Singapore has fallen to the bottom of the rankings of cities with the biggest prime rental value changes.
The influx of foreign families is raising Singapore’s housing and utility costs, making it Southeast Asia’s most expensive place to live.
The influx of families from other countries to Singapore is driving housing and utility costs higher.
KPMG notes a rise in early-stage fintech deals driven by interest in AI applications and evolving business models.
Investors are shifting towards smaller, early-stage fintech investments rather than large-scale deals, KPMG reported.
Singapore's easing of taxi regulations may help retain drivers, but attracting new ones remains a challenge.
A DECADE ago, Singapore’s taxi fleet was double its current size. To curb their shrinking numbers, the government eased regulations.
DBS forecasts sideways market volatility from August to October, recommending REITs for stability
DBS analysts say REITs are more resilient to August's expected market correction for the STI.
Cautious bidding trends indicate a shift towards emphasising demand affordability and costs over site attributes.
Developers have moved past bidding on sites merely for their prime location and favourable attributes.
Singapore-listed companies and trusts excel in shareholder rights and ESG practices, showcasing strong corporate governance.
Singapore-listed companies and trusts excel in disclosures on shareholder rights and environmental, social, and governance (ESG) practices.
Homebuyers are increasingly choosing older resale flats, driving record sales and price growth, surpassing newer properties.
Homebuyers are increasingly turning to older HDB resale flats, driving record sales and price growth that surpasses newer properties.
Leading Singapore’s virtualised and on-demand cybersecurity for players in the financial services industry (FSI), SPTel has worked on delivering a proactive solution with its Virtual Firewall Solutions, On-Demand DDoS Attack Mitigation, clean-pipe network, Web Application Firewalls (WAFs), bot management, and API protection. These solutions offer holistic protection against cybercrimes.
Read more: https://sbr.com.sg/co-written-partner/sponsored-articles/combat-evolving-cyber-threats-proactive-virtualised-cyber-security
Shielding the financial services industry from cyber threats demands a proactive approach—one that targets vulnerabilities and builds defence strategies.
Civils.ai uses AI to automate construction document handling, reducing costs by 20% and minimizing rework. https://sbr.com.sg/building-engineering/exclusive/startup-streamlines-construction-process-ai-document-handling
With Civils.ai, construction companies can save up to 20% in costs.
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Singapore is proposing a new rule implementing a minimum interest coverage ratio of 1.5x for REITs. Xian Yang Wong , CFA, Head of Research Singapore and Southeast Asia at Cushman & Wakefield discusses this new rule. https://bit.ly/3yYqWL0
An extension of the Singapore Sustainability Academy (SSA), is set to enhance capacity building and collaboration in climate action and sustainable development. Esther An, CDL's Chief Sustainability Officer elaborates this project. https://bit.ly/3XiBvlC
Singapore's Total Fertility Rate (TFR) fell below 1 for the first time in Singapore’s history. Dr. Jennifer Sciubba, President & CEO, Population Reference Bureau zeroes in the pressure of this to women. https://bit.ly/4dHfhj4
The new HDB Flat Portal lets buyers deal directly with sellers now. Discussing its impact are Mark Lim from OrangeTee & Tie, AAG Division and Sze-Teck Lee from Huttons Real Estate Group Asia. https://bit.ly/3MhkaTW
Singapore Computer Society has launched a skills pathway for cyber security to address the shortage of skilled cyber security professionals in the country. Foo Siang-tse, Senior Partner of Cyber at NCS, a founding employer of the Skills Pathway for Cybersecurity, discusses this initiative https://bit.ly/4cxM9Jm
The RTS Link project between Johor Bahru and Singapore might cause a 5.4% retail value leakage and impact retail sales by 3-4%. Sharing their insights on this are: Mário Braz de Matos. Co-founder and Managing Partner of Flying Fish Lab, the Controlled Disruption Company and Januel Koh - Digital Marketing and Branding Lecturer, Singapore Polytechnic's School of Business https://bit.ly/3WG8z5A
While the back-to-back high-revenue concerts are unlikely to happen again, concert tourism remains a promising growth area for Singapore. Guy Llewellyn, Assistant Professor at EHL Hospitality and Business School sheds light on this topic. https://bit.ly/46ivAjo
The Singapore Maritime Foundation (SMF) launched the 'Choose Your MariTimeline' campaign to attract talent to the growing maritime industry. Richard Tan, Manager at Ocean Network Express discusses this campaign. https://bit.ly/3zQxbRm
The Manpower Ministry has accepted a tripartite workgroup's recommendations to enhance their representation. National Trades Union Congress (NTUC) Assistant Secretary-General Wan Ling Yeo Ling talks more about this. https://bit.ly/3Y9S3x4
Singapore’s art market has demonstrated resilience amidst economic uncertainties, following the surge in online art sales globally. Motti Abramovitz, CEO and owner of Bruno Art Group shares his insights in this interview. https://bit.ly/3xTKWhl
One year since its launch in Singapore, Emirates’ premium economy has carried 26,000 passengers on 730 flights between Singapore and Dubai. Rashed Alfajeer, Emirates’ Country Manager for Singapore & Brunei discusses this trend. https://bit.ly/3LneQ0w
"The brand new research hub serves as a comprehensive repository of research materials and property-related information for both agents and consumers," according to Christine Sun, Chief Researcher and Strategist at OrangeTee. https://bit.ly/3zz0cRg
Investment in digital assets are on the rise, with market revenue expected to reach $80 million this year. Mr. Kunal Chowdhry, CEO at Apollo Singapore Investments discusses this topic. https://bit.ly/4d1i2Lp
Savills’ latest Resilient Cities Index has ranked Singapore 3rd in real estate investment. Paul Tostevin, Head of World Research at Savills explains Singapore's rank. https://bit.ly/4bjd1fB
To be on track to achieve IEA’s net-zero power sector target, Singapore will need 8.1 gigawatt of renewable electricity import capacity by 2035, according to Dinita Setyawati, Senior Electricity Policy Analyst, Ember South East Asia. https://bit.ly/3zr81Z6
"In the first quarter, investment volume was around $4b Singapore dollars, marking a 34.7% decline quarter on quarter," explained WeiLeng Tang, Managing Director & Head of Capital Markets at Colliers Singapore. https://bit.ly/4cy1Hxn
Orchard Road's transformation is underway with major property sales signaling an enhanced investment allure, explains Jeremy Lake, Managing Director of Investment Sales and Capital Markets at Savills. https://bit.ly/4aKduYe
Tan Tock Seng Hospital has welcomed its new Chief Executive Officer, Tang Kong Choong, who has succeeded Eugene Fidelis Soh. https://bit.ly/3KmTWhG
Buildings account for 20% of Singapore's carbon footprint. Sally Tan of Savills Singapore highlights strategic upgrades to cut emissions. https://bit.ly/4ebaCGP
After two quarters of decline, Singapore’s Grade A office rents rose 0.7% in Q1 2024, explains Tridiana Ong, Executive Director and Head of Office Services at Colliers Singapore, in this video https://bit.ly/3V1qVOz.
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