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Tag Archives: S’pore

A Balancing Act: Why S’pore Needs Both Local And Foreign Talents To Power The Economy

Singapore has long been known for its liberal foreign worker policy, from blue-collared foreign workers to white-collar expatriates. The city has also long been a coveted choice for expats looking for an entry into Asia — low tax rates and favourable government policies are just among some of the reasons. …

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How Online Eyewear Startups In S’pore Are Trying To ‘Own’ Owndays With Lower Prices

The optical industry in Singapore used to belong to the realm of mom and pop stores. Then Owndays hit Singapore like a truck, In 2016, just three years after the first outlet opened in Plaza Singapura, the brand hits S$ 36 million in total sales in Singapore. Today, the franchise …

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Suntec Lays Off Half Its Workforce – How Long Can The Industry Cope With No Events In S’pore?

Nearly half the workforce of Suntec International Convention and Exhibition Centre (SICEC) will be retrenched. Suntec Singapore jointly announced the news with the Building Construction And Timber Industries Employees’ Union (BATU) yesterday (28 August). The convention centre currently employs 178 staff. After the retrenchment exercise, 85 jobs will be lost …

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Not All Retail Is Dying – High Rental Costs Are What’s Killing Bizs, Says S’pore Founder

“Our revenue grew at an average rate of 20 per cent for the first few years, but when Covid-19 struck, it went south,” says Alan Lee, founder of homegrown gift brand Klosh. Launched in 2016, Klosh is a multi-label gift store created to provide a “total lifestyle experience.” It offers …

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This 40-Year-Old Durian Stall In S’pore Opened A Durian Pastry Cafe Despite COVID-19

Singaporeans have an undying love for durians despite its reputation of being a ‘stinky’ fruit. Maybe that’s why Ah Seng Durian has the confidence to open not only a second outlet, but also a durian cafe in the middle of the COVID-19 pandemic. This infamous durian stall just launched its …

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From Gyms, Massages To Manicures: A Look At Fitness, Beauty & Wellness Booking Apps In S’pore

When it comes to booking something online, be it a dinner reservation at a restaurant or a hair appointment at a salon, it has always been a hassle. One would have to scour the Internet, search and compare reviews online, then visit the individual websites to find the specific rates …

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He Built The First Central American Super App, Now Bringing Electric Moped Sharing To S’pore

Singaporeans are no stranger to super apps such as WeChat in China, Go-Jek in Indonesia and Grab in Singapore. These super apps are all-encompassing, and allow users to access a host of different services on the same platform. They incorporate many functions and features, from e-commerce to ride-hailing to food …

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S’pore Likely To See L-Shaped Economy Recovery, But There’s A New “K-Shape” Emerging

According to the latest data by the Ministry of Trade and Industry (MTI), Singapore suffered its deepest economic slump on record in the second quarter (Q2) of 2020. In Q2 2020, the economy declined by 13.2 per cent year on year (YoY), sharper than the estimated 12.6 per cent decrease …

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Lab-Grown Food To E-Commerce: 6 Pandemic-Proof Biz Ideas That Are Bound To Thrive In S’pore

Every crisis is an opportunity for disruption. Singapore’s job market might not be at its peak right now, but it’s the perfect time to launch a startup. Moreover, businesses ideas that survive crises tend to be more resilient. First-time Singaporean entrepreneurs now have access to a grant of S$ 50,000 …

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