Retail

The Singapore Tourism Board (STB) and KrisShop, Singapore Airlines’ flagship retailer, have announced a three-year partnership to jointly market home-grown brands and grow their e-commerce reach, as well as create seamless experiences for their local and international customers. Joint marketing campaigns and e-commerce expansion

Game Xtreme was founded more than eighteen years ago. From their beginnings in a humble shop house, they have grown to a familiar presence through their multiple retail outlets in heartland malls. While the pandemic has affected their brick-and-mortar retail, it did not curb...

The market for buying goods online from other parts of the globe has gotten so big that it dwarfs the world’s largest economy. An EY study found that global cross-border payment flows are expected to reach US$156 trillion in 2022. Meanwhile, the United States GDP in 2020...

Bank DBS Indonesia’s research team recently conducted a survey involving more than 500 respondents in Java, including Jakarta and several small regions outside Java, entitled “Indonesia Consumption Basket”. The survey found that the number of e-commerce customers in Indonesia rose to 66% after the COVID-19 pandemic...

The rollout of 5G has the potential to transform the retail industry by ushering in a new era of connectivity and experience. The advancements it supports should alleviate many of the challenges that retailers have endured during the pandemic. By dramatically accelerating the speed of mobile networks,...

OCBC Bank has seen a surge in the use of PayNow by its small and medium enterprise (SME) customers, among whom seven of every 10 have registered for the funds transfer service. The volume of PayNow transactions by the bank’s SME customers in the first 10 months...

Small and medium-sized businesses (SMBs) in Singapore have had to pivot from their traditional brick-and-mortar operations and move online in the face of COVID-19 disruptions. Aided by global payment systems, some have managed to thrive and expand their reach overseas. 25% of online SMBs...

November marks the beginning of a hectic shopping period in Singapore and across Asia with Single’s Day, Black Friday and Cyber Monday leading up to the festive season with more retail sales.   With International Fraud Awareness Week and the holiday shopping season officially underway,...

Enterprise Singapore (ESG) rolled out the Food Delivery Booster Package on 4 April 2020. This supports F&B businesses in transforming their business models and meet the needs of digitally-connected consumers. The package will help to reduce the business costs of selling on three key...

Amazon has launched the Intellectual Property Accelerator (IP Accelerator) in Singapore, facilitating small and medium-sized businesses (SMBs) to obtain trademarks, protect their brands and tackle infringing goods both in Amazon's stores and the broader marketplace. IP Accelerator directly connects Singapore SMB owners with a network of...