Tag: Singapore

  • Chloe Singapore launching at Marina Bay Sands

    Chloe Singapore launching at Marina Bay Sands

    Chloe Singapore will launch its first boutique at The Shoppes at Marina Bay Sands this month.

    Its store’s decor will feature textured furnishings, powdery rose beige tones on the walls and robust architecture complemented with linear lines, reports Buro 24/7.

    The French luxury fashion brand will be offering all ranges of its accessories and ready-to-wear fashion.

    To mark the opening, there will be a limited-edition calfskin and suede Faye bag – only eight pieces made – adorned with patchworks of orchid and phoenix (symbols of its new address).

    Chloe was founded by Gaby Aghion in Paris in 1952.

  • M1 profit falls 14.6% in Q1

    M1 profit falls 14.6% in Q1

    Singapore’s M1 has reported a 14.6% year-on-year decline in post-tax profit for the March quarter to S$36.3 million ($26 million), attributing the result in part to higher depreciation and interest costs.

    Operating revenue grew 1.2% to S$260.7 million, with service revenue remaining flat at S$201.5 million. Fixed line revenue growth reached 22.8% to S$30 million, offsetting declines in both international voice and roaming revenues.

    M1 added 8,000 fiber customers during the quarter, taking its total base to 168,000. In the mobile segment, M1 added 24,000 postpaid customers and 3,000 prepaid customers, with its total mobile customer base reaching 2.05 million.

    But mobile revenue declined 0.5% to S$158.4 million and international call services fell 9.9% to S$15.5 million.

    Monthly MOU also declined 5.6% to 203 for postpaid customers and 9.6% to 191 for prepaid users, while net ARPU fell 2.3% for postpaid users to S$49.50 and 4.5% for prepaid users to S$11.50.

    M1 estimates it ended the quarter with an overall mobile market share of 23.8%, with a postpaid share of 24.8% and prepaid share of 22.5%.

    While announcing the results, M1 CEO Karen Kooi said the new 700-MHz and 900-MHz frequencies acquired from Singapore’s recent major spectrum auction will allow the operator to “deliver an enhanced network experience cost effectively with optimal use of spectrum.

    “With the largest Wireless@SG network and our small cell/WiFi HetNet deployment at targeted locations islandwide, we are delivering a superior data experience in places where it matters most to our customers and laying the foundation for future dense grid 5G architecture,” she said.

  • Artbox Thailand heading for Singapore

    Artbox Thailand heading for Singapore

    Bangkok’s creative market Artbox Thailand is about to pop up in Singapore.

    It will feature more than 500 vendors and partners, with a different line-up for its two sessions, from this Friday to Sunday, and on the same days the following week.

    At the Bayfront Event Space beside Marina Bay Sands, Artbox Singapore will cover 50,000 sqft (4645 sqm) of floor space. It is Artbox’s first venture out of Thailand.

    Organiser Haoming Lee is co-founder of Artbox Asia, and plans to take the concept on tour in the region. He says it took about three months to plan and execute the event, with his team flying to Bangkok twice.

  • Dachser Singapore expands airport office

    Dachser Singapore expands airport office

    Dachser Singapore recently expanded its airport office at the Changi International Airport to accommodate growing business.

    The airport office remains at the same location, but has added another level above the existing office, making the total space five times larger.

    “As a consequence of our constant business development and Singapore’s relevance as a gateway for trade and business, our airport office reached its capacity,” said Christophe Vincent, managing director Air & Sea Logistics Malaysia, Singapore, Thailand and Vietnam.

    The decision to rent more space and group operations, customer service and warehousing under one roof serves to streamline workflows and facilitate internal communication.

    “The Singapore team appreciates the newly renovated modern space that offers a panoramic view of the Changi Airport coastal road and the outlaying islands beyond,” Vincent added.

    DACHSER Singapore’s two locations are fully integrated into the company’s global network. The Singapore branch is at Pioneer on the west side of the city and provides sales, administration and management functions. Together with the airport office and the warehouse, the company can offer top-notch worldwide logistics services to customers.

  • Singapore apartments main target of Indonesian property investors

    Singapore apartments main target of Indonesian property investors

    Indonesian property investors would prefer to go to Singapore if they want to invest in apartments and to Australia to buy houses to be leased out, a survey has said.

    Profit, better guaranteed, is the main reason for investing abroad, the survey Property Affordability Sentiment Index by Rumah.com said here on Sunday.

    Country Manager of Rumah.com Wasudewan said the Indonesian investors chose to invest in Singapore on better infrastructure, stability and security that would be needed by the would be tenants.

    Property Affordability Sentiment Index is an annual survey held by Rumah.com in cooperation with research center Intuit Research of Singapore. The survey involved 1,030 respondents in November-December 2016.

    “Singapore has good transport access locally and internationally. For that Singapore has received an appreciation as the Best Location in Asia for expatriates and the 25th best in the world, according to a survey on Quality of Living by Mercer early this year,” Wasudewan said.

    The results of the surveys matched data from Cushman & Wakefield, an international property consultancy company, which said that in the first half of 2016, Indonesians bought 189 property buildings of various categories in Singapore, or a 23 percent increase compared with the same period in the previous year.

    Purchases by Chinese and Malaysians declines, but purchases by Indonesians rose 19 percent in the second quarter of 2016.

    According to property company Propnex Realty Pte, as quoted from PropertyGuru.com.sg, which handles the sales of luxurious condominiums OUE Twin Peaks in the Orchard Road, Singapore, the developer of the condominiums has succeeded in disposing of almost 50 percent of 86 units built in the first phase at a price of 4 million Singaporean dollar per unit and Indonesians are the main foreign buyers, Wasudewan said.

    He said growing number of Indonesians buy property abroad as technology makes it easier to have information about market in other countries. Indonesians buy property abroad especially in Singapore for commercial purpose.

  • Travel Blue’s Z-Zoom to take flight at Singapore show

    Travel Blue’s Z-Zoom to take flight at Singapore show

    Z-Zoom (part of the Travel Blue Group) has announced that it will launch its first collection of Reading Glasses at the TFWA Asia Pacific Exhibition in May representing a significant milestone for the Travel Blue company.

    Z-Zoom says it identified ‘the increase in global demand for high quality, fashionable reading glasses’ and set out with a vision to create a premium unisex eyewear range suitable for all.
    Jonathan Smith, Travel Retail Director of Z-Zoom says: “We are thrilled to finally be able to share our new project with the travel retail world. The team spent a lot of time in developing the brand and used only high quality materials to ensure the best possible product. This is a very exciting time for us.”

    The collection comprises an extensive range of Reading Glasses with over 240 different SKUs. All products are supplied with POS units that reflect this quality, design-led range.

    ‘ZOOMING IN FOR SHARPER VISION’

    The Reading Glasses are available in a variety of frame designs to ‘suit all face shapes’. “Ranging from classic and casual to bold and contemporary, in an array of complexion enhancing colours or neutral staples, the new line acknowledges changing attitudes and preferences,” adds Travel Blue.

    Z-Zoom is said to have been inspired by the notion of moving quickly and getting a closer look of what’s in front, as Smith explains: “As reading glasses are designed for those that have trouble with close range vision, the name Z-Zoom came naturally. Zooming in for a clearer sharper vision. This is what we provide. Z-Zoom adds a little dimension and excitement.”

  • Singapore office rents under pressure

    Singapore office rents under pressure

    Office rents in Singapore’s central business district eased 1.2 per cent to S$8.90 (Bt220) per square foot a month in the first quarter of this year, while retail rents show signs of stabilising despite challenges, a property consultancy says.

    Research by Edmund Tie & Co shows the decline in CBD office rents last quarter abated from the 2.1 per cent drop in the fourth quarter of last year.

    While the uncertain external environment continued to pressure rents, higher pre-commitment levels at upcoming completions and the filling up of newer buildings helped support rent levels.

    Office rents in Marina Bay eased 0.5 per cent in the first quarter of this year, less than the 2 per cent seen in the fourth quarter of last year.

    This was supported by the higher occupancy rate of 96.8 per cent in the first quarter of this year compared with the 94.6 per cent in the fourth quarter of last year.

    Shadow space in Marina Bay, as of the first quarter of this year, declined from nearly 150,000 square feet (14,000 square metres) to 45,650 square feet. “While the market showed signs of stabilising, it is premature to conclude the office market is bottoming out due to the uncertain external environment.

    “Geopolitics in the region remain volatile, although the summit talks between US President Donald Trump and Chinese President Xi Jinping went well,” said Lee Nai Jia, head of research.

    Retail rents are exhibiting signs of stabilisation, with gross rents of first-storey retail space in Orchard Road and Scotts Road staying flat at S$37.20 per sq ft per month in the first quarter of 2017. This was in contrast to the corresponding period of last year, when rents declined by 1 per cent

    Rents in Orchard Road and Scotts Road remained resilient, supported by limited supply. The fall in first-storey retail rents in other city areas, including Raffles Place, City Hall, Tanjong Pagar, Shenton Way and Bugis, also moderated – to 0.6 per cent quarter on quarter in the first quarter.

    In the fourth quarter of last year, the quarterly decline was 1 per cent.

    The stabilisation of rents comes on the back of higher visitor arrivals and stronger retail sales last year.

    According to preliminary estimates from the Singapore Tourism Board in February, arrivals grew by 7.7 per cent to 16.4 million and tourism receipts by 13.9 per cent to S$24.8 billion.

    Retail occupancy across the island also improved towards the end of 2016, reaching 91.5 per cent in the fourth quarter from 90.6 per cent in the third quarter.

    “E-commerce is an enabler that allows the products of local retailers to reach to a wider audience, without paying the high rents at prime shopping malls,” Lee said.

    More Singapore residents are drawn to cities like Bangkok and those in Taiwan, Malaysia and South Korea for shopping.

    Lee cited Bangkok’s Chatuchak market as  being a popular destination for Singapore shoppers.

  • Orchard revamp a step in the right direction, say experts

    Orchard revamp a step in the right direction, say experts

    Pedestrianisation of Orchard Road is a step in the right direction, said observers, as they flagged considerations and floated suggestions for the proposal to work.

    “Great cities have great streets, and many of them are pedestrianised,” said urban planner William Lau. The former president of the Singapore Institute of Planners gave the Myeongdong shopping district in Seoul as an example.

    “It is very vibrant. The shops spill out onto the street there,” he said, adding that accommodation would have to be made for buildings which are accessible to vehicles only via Orchard Road.

    Redirecting traffic around the area may be difficult as it is not built on a grid, said National University of Singapore transport researcher Lee Der Horng.

    But Mr Gopinath Menon, transport consultant and senior research fellow at the Nanyang Technological University, felt pedestrianisation could be done with little impact to vehicular traffic. He suggested that Orchard Boulevard, which runs parallel to Orchard Road between Orchard Link and Grange Road, could be converted to a two-way road to accommodate traffic. Public transport can serve as an alternative to cars for shoppers headed to the area.

  • Singtel’s Amobee completes acquisition of Turn

    Singtel’s Amobee completes acquisition of Turn

    Singtel has enhanced its digital marketing capabilities with the acquisition of marketing technology platform provider Turn.

    Singtel’s Amobee digital marketing arm has acquired Turn to provide the ability to offer an end-to-end advertising and data management platform for marketing companies worldwide.

    The platform will cover all channels, formats and devices and also provide access to Amobee Brand Intelligence analytics and insights.

    “The acquisition of Turn underscores Singtel’s commitment to grow and scale Amobee to become a global digital marketing leader,” Singtel Group Digital Life CEO Samba Natarajan said.

    “The powerful combination of Amobee and Turn addresses the rapidly changing digital marketing landscape. Together, we will bring marketers the most innovative, efficient, and data-driven approach to better understand and reach their customers, and enhance the way they engage them on a global scale,” added Amobee CEO Kim Perrel.

  • M1 launches cross-border mobile remittance

    M1 launches cross-border mobile remittance

    Singapore’s M1has launched new cross-border digital mobile remittance supporting transfers to multiple APAC destinations.

    The service named M1 Remit is available to users of M1 mobile phone numbers holding valid NRIC/FIN/Work Passes in Singapore.

    Users of the service can access real time exchange rates and remit funds to their designated recipients anytime, anywhere, through a mobile app or a browser on their smart device.

    Unlike typical remittance services where customers have to queue at a physical outlet to deposit funds, payments for M1 Remit transactions can be made at any one of the 915 AXS machines located in shopping malls, office buildings and other sites islandwide using an ATM card.

    Customers who do not have bank accounts or ATM cards can opt to make cash payment at M1’s IMM and Paragon outlets in Singapore, after completing a one-time verification process.

    Recipients will be able to cash out as quickly as within an hour of the transaction from over 23,000 cash agents and 640 banks available at the various destinations.

    M1 Remit currently offers eight remittance destinations – Bangladesh, India, Indonesia, Myanmar, Malaysia, Sri Lanka, Pakistan and the Philippines. Thailand, Vietnam, and other remittance destinations will be made available progressively. For a limited time, M1 Remit is also waiving the remittance fee to these destinations.

    “M1 Remit offers a wholly digital experience for money remittance. Nobody likes to queue, and now our customers can skip the queue and make better use of their time with and M1 Remit – Singapore’s most convenient, secure and cost-effective way to remit funds to their loved ones,” M1 chief innovation officer Alex Tan said.

  • Grab Indonesia buys e-commerce startup Kudo

    Grab Indonesia buys e-commerce startup Kudo

    Ride-hailing firm Grab Indonesia has acquired e-commerce startup Kudo for an undisclosed amount, striking its first deal since pledging to invest US$700 million in its largest market.

    Kudo helps consumers without bank accounts to shop online by connecting them with online merchants and other service providers across 500 cities and towns.

    Based in Singapore, Grab says it plans to accelerate the expansion of Kudo’s network while bringing more riders and drivers on to its own platform. The two companies also plan to explore new financial products such as consumer loans and insurance.

    Former payment-processing company Euronet Worldwide executive Jason Thompson has been hired by Grab to head GrabPay. This digital wallet for riders was introduced last year.

    Grab’s Indonesian investment promise entails building its digital payments network over the next four years in a bid to win over the 260 million people in its largest market. The company’s car- and motorcycle-hailing businesses grew more than 600 per cent in Indonesia last year.

    Valued at more than US$3 billion, Grab intends to set aside as much as US$100 million to bankroll early-stage domestic startups in mobile and financial services. It has started establishing research centres in Bangalore, Ho Chi Minh City and Jakarta to complement engineering offices in Beijing, Seattle and Singapore.

  • Digital ingenuity triumphs over logistics challenges at DHL Asia Pacific Innovation Day

    Digital ingenuity triumphs over logistics challenges at DHL Asia Pacific Innovation Day

    Supply chain optimization platforms, digital payment, and robotics and unmanned aerial solutions were amongst the inventions which took center stage at the DHL Asia Pacific Innovation Day yesterday, hosted at the DHL Asia Pacific Innovation Center in Singapore. Focused on driving the future, DHL Asia Pacific Innovation Day showcased some of the latest trends and technologies shaping the logistics industry, awarding projects that have already applied these ideas to real-world challenges.

    One such project, which received the Most Innovative Customer Award, involved DHL collaborating with Schindler Lifts to develop a bespoke web-based tracking and optimization platform for their operations in Australia. Based on two years’ worth of past shipment data, the platform allows the elevator manufacturer to shave more than AU$500,000 from their annual running costs. The platform gives Schindler Lifts full visibility over the warehousing, shipping, and last-mile delivery of its elevator shipments, allowing the business to optimize end-to-end supply chain movements based on their required delivery dates.

    “The platform has enabled visibility at every stage of the process from collection to final delivery at the specified site address. Should any unexpected changes occur, both DHL and Schindler have the ability to instantly adjust with the amended delivery dates,” said George Lekkas, Strategic Procurement Manager, Schindler Lifts Australia. “Many logistics players are touting the potential of real-time tracking and data analytics to transform supply chains, but DHL has put those ideas into practice in a way that not only overcomes our unique shipment handling challenges, but can easily scale to meet ongoing growth in the Australian construction industry.”

    The Innovation Day also saw an award go to a digital payment solution developed by DHL eCommerce subsidiary Blue Dart, which enables couriers in India to collect cash-on-delivery (COD) payments through mobile Point of Sale devices and 15 different secure digital wallet options instead of physical cash. The system, which rolled out just as the Indian government took INR 500 and 1,000 notes out of circulation, enabled delivery staff to not only continue but significantly increase collection of COD payments, saving them more than 29 man-months between October 2016 and February 2017.

  • SQ, Ethiopian Airlines to expand codeshare agreement

    SQ, Ethiopian Airlines to expand codeshare agreement

    Star Alliance members Singapore Airlines and Ethiopian Airlines plan to expand their codeshare agreement on June 1 to also cover the daily non-stop flights of Ethiopian Airlines from Addis Ababa to Singapore, according to a statement.

    Under the agreement, Singapore Airlines customers can also fly through Ethiopian Airlines’ vast intra-African network, while in turn, Ethiopian Airlines customers will have access to multiple destinations across the Singapore Airlines network.

    The airlines’ codeshare agreement started in 2011 and the expanded codeshare flights were still subject to regulatory approvals, the statement added.

    Singapore Airlines marketing planning senior vice president Tan Kai Ping said that the extended agreement was part of the carrier’s efforts to continuously expand its network in Africa, Asia and the southwest Pacific.

    Meanwhile, Ethiopian Airlines strategic and alliances vice president Girma Shiferaw said that the agreement would offered the best connectivity options with one ticket and a single check-in at the first boarding airport.

    “It will also play a critical role in enhancing investment, trade and tourism ties between a rising Africa and business-friendly Singapore.” Shiferawa said.

    Singapore Airlines, with its subsidiaries, operates a modern passenger fleet of more than 100 aircraft to 130 destinations around the world, while Ethiopian Airlines serves more than 90 international destinations across five continents with more than 240 daily departures.

  • Cooking to coding: What free HTML classes mean for Indonesian maids

    Cooking to coding: What free HTML classes mean for Indonesian maids

    Jamilah’s newly obtained skills are beyond anything most would expect from an Indonesian maid working in Singapore – she is not only a cook and a cleaner, but a website builder.

    Jamilah learnt programming languages such as HTML and CSS at a free, eight-week coding course for domestic workers provided by Indonesia’s Creative Economy Agency. The agency plans to expand the programme, launched in Singapore in January, to Hong Kong later this month, then to Malaysia, Taiwan and Saudi Arabia.

    To cater to maids’ strict schedules, the classes are held every Sunday from 10am to 1pm. In Singapore, the demand to enrol was so high the programme was forced to move those about to leave the city state to the front of the line – such was the case with Jamilah.

    “I’m very keen on learning how to code,” Jamilah told. “I’m hoping to have my own business when I return to Central Java and use the website to market my products and bring in more customers from the internet.”

    Students are expected to bring their own laptops to class, and this posed a problem for Jamilah since her old computer was broken. “So I bought a brand new Dell laptop that set me back SG$499 (HK$2,765), or a month’s salary. But it’s worth it.”

    The 41-year-old said she was blessed to have an understanding employer who allowed her to take the course. “My boss even downloaded GitHub for me,” the mother of four said, referring to a popular software development platform.

    By advancing the skill sets of maids such as Jamilah, Indonesia aims to empower workers with entrepreneurial skills that will help them set up businesses once they return home.

    About a third of Indonesia’s six million migrant labourers work as housemaids in places such as Singapore, Hong Kong, Taiwan and the Middle East. In 2015, Indonesian migrant workers sent home about US$9.4 billion in remittances, according to official data. However, once they return home, a relative lack of workplace skills often prevents them from securing well-paying jobs or establishing their own businesses.

    Indonesia has a workforce of about 125 million people, 60 per cent of whom did not get past middle school or high school, according to Minister of Labour Hanif Dhakiri.

    “They do not have the skills needed to have a proper job that would lift them out of poverty,” he said. “We fully support the coding programme for maids as a solution to increase their self-sufficiency post tenure.”

    Through the programme, the government also hopes to bolster the talent supply in Indonesia’s creative workforce to 13 million people by 2019, about a million more than last year.

    “We need to have our own talents so, when it comes to software programming, we no longer have to depend on foreign companies,” said Triawan Munaf, head of the state agency that founded the programme.

    The coding course for maids is a twist on a similar course designed for stay-at-home mothers in Indonesia called “Coding Mum”, organised by the same agency. Launched in February last year, Coding Mum began in six cities and will be expanded to three more this year to meet demand. Its graduates either run their own businesses or are employed as front-end developers and beta testers by local tech firms such as e-commerce company Tokopedia.

    “We have positive results from Coding Mum, where housewives from all ages up to 60 years old have joined the programme,” said Izak Jenie, Coding Mum’s co-founder. “After Coding Mum, we felt challenged to teach coding to housemaids.”

    But teaching how to code to mostly undereducated housemaids is not without challenges. Despite sharing the same lessons with the stay-at-home moms, mentors need to be more patient and understanding with maids, since most of their experiences with the internet are limited to social media services such as Facebook or WhatsApp.

    “However, their motivation to succeed seems bigger. In Singapore, for example, they asked me questions outside of the classroom, sometimes until 1am,” said Henry Sutjipto, the programme coordinator for countries outside Indonesia.

    The classes for maids also require Indonesian-speaking tutors who are willing to volunteer, Sutjipto said.

    These same challenges face the programme as it looks to start classes in the New Territories of Hong Kong, starting on April 23.

    “In Kuala Lumpur it’s easy to find mentors because there are many Indonesians there,” Sutjipto said. “It was difficult to find one in Hong Kong, but we found two information technology lecturers from Indonesia who are currently studying in Guangzhou and are willing to come to Hong Kong to teach.”

    The programme has piqued the interest of Anggraeni Ustianingsih, an Indonesian maid living in Tseung Kwan O who has been working in Hong Kong for five years and whose tenure will expire in November.

    When she returns home, she hopes to expand her business of selling shumay (steamed fish dumplings) to a broader online market.

    “My boss is supportive because the class is scheduled on my day off,” the 42-year-old from Tegal, Central Java, said.

    She has a Lenovo laptop, and is ready to do any homework from the course in her spare time.

    Due to the high interest shown by maids in learning programming and coding, the Indonesian government also plans to bring the course to villages that have sent many migrant workers overseas. It will not, however, expand the programme to cities in the Middle East, other than Medina in Saudi Arabia.

    “It’s hard to implement the programme in the Middle East because housemaids there are not even allowed to get out of the house,” said Dhakiri, the labour minister.

    Back in Singapore, Jamilah dreams of becoming a tailor in her home town after her contract to work in the city state expires on September. But a question lingers: “I’m still not sure whether to return to Indonesia or renew my contract here… I still need more money to send my children to college.”

  • Louis Vuitton Changi duplex to open in January 2018

    Louis Vuitton Changi duplex to open in January 2018

    Louis Vuitton is to open a two storey store at Singapore’s Changi Airport – its first passenger terminal duplex in the world.

    The Louis Vuitton Changi store is scheduled to open in January 2018 as the centrepiece of a new garden in Terminal 3’s departure transit hall.

    Designed as a glasshouse it will be built in the centre of the planned Crystal Garden, which Changi management say is “inspired by artistic floral centrepieces” and a new space “chicly adorned with tiered garden beds featuring a curated selection of flora and spheres of artisan glass sculptures”.

    The 530 sqm Louis Vuitton Changi store will be first the airport store in Asia Pacific to be directly managed by the French luxury retail group and feature a tailored product mix suited to travellers.

    Michael Burke, chairman and CEO of Louis Vuitton, says his company had waited for “the perfect moment” and “the perfect place” to open the new store at Changi Airport.

    “Louis Vuitton is a brand intrinsically related to the history of modern travel. Given the right place and the right timing, it was more than natural for Louis Vuitton to create a space inside Singapore Changi Airport, dedicated to modern travelers.”

    Since it opened in 1981, Changi Airport has pioneered the concept of airport gardens, now well-loved among travellers.

    “This is the first time Changi is integrating a feature garden with a retail store – a testament to how the airport constantly strives to rejuvenate its award-winning amenities and offerings to enhance the Changi Experience.”

    Changi Airport Group CEO Lee Seow Hiang says Louis Vuitton shares the airport company’s vision to redefine the future of luxury retail in an airport.

    “The revolutionary duplex store, set amidst an elegant Crystal Garden, will become a distinctive attraction for passengers who fly through Changi Airport, and we look forward to embarking on an exciting journey of discovery with them when the store opens.”