Singapore is one of the richest countries in the world, and among those with the densest population of millionaires. Out of approximately 5.6 million people living here locally, over 269,000 people were recorded as millionaires in 2019. That number is set to grow and hit 363,000 by 2024. At the …
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Founder Bak Kut Teh is a homegrown heritage brand with 42 years of history. It announced yesterday night (30 September) on Facebook that it will be closing its Bugis outlet with effect from 1 October. “Singapore food business is suffering and we continue to struggle like many other local F&B …
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Startups grow and expand their operations, fuelled by investor funding and government support. However, as they scale up, more consumer data gets processed by them and cybersecurity issues creep in. In recent months, several companies in Singapore, such as ShopBack and RedDoorz, have been the recent target of data breaches. For …
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Amazon might be taking over a portion of Citigroup’s office space in Singapore as the latter looks to cut back on its office space following its expiring 10-year lease. The e-commerce giant will reportedly be leasing three floors at Asia Square Tower 1 in the heart of CBD, which spans …
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It’s been a while since I’ve binge-watched anything, be it anime or a show on Netflix. Reasons being, I’m too lazy to open up Netflix on my laptop, and watching shows on my small iPhone 6s screen just isn’t enjoyable. Recently though, I’ve been obsessed with a Netflix show called …
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Singapore Airlines (SIA) has dropped its widely-publicised idea to launch “flights to nowhere” after the idea attracted criticism from people concerned about the environmental impact created by such flights. The airline conducted a market study and review, considering both environmental and financial viability before declaring that they had “no plans” …
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Shiok Meats, the world’s first cell-based crustacean meat company based in Singapore, has raised US$ 12.6 million (S$ 17.27 million) in a Series A funding round. The Series A round is led by Aqua-Spark, the first investment fund focused on sustainable aquaculture. Other investors include SEEDS Capital (the investment arm …
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Singapore’s travel and tourism industry is battered due to the Covid-19 pandemic, and has seen yet another loss. STA Travel, a company focused on providing package holidays for students and young people, has been reported to be closing down for good. An announcement on the STA Travel website states that they …
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F&B has been one of the hardest-hit industries during Covid-19. Restaurants have reported losing up to 80 per cent of their revenue at the height of the circuit breaker, and storefronts are gradually emptying out. Today (28 Sep), food delivery service Deliveroo announced the launch of the a S$ 500,000 …
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