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Tag: Singapore

  • Haidilao to Close Its Beloved Singapore Outlet After 13 Years of Hotpot Delight

    Haidilao to Close Its Beloved Singapore Outlet After 13 Years of Hotpot Delight

    The widely loved Chinese hotpot chain Haidilao will bid farewell to its flagship Singapore outlet in Clarke Quay on August 31 as its lease comes to an end. In a notice sent to patrons via text message, the closure marks a significant chapter for the restaurant, which first opened in 2012 as Haidilao’s inaugural venture beyond Chinese borders.

    “This was our very first outlet in Singapore and served as an introduction to Chinese hotpot for many local diners,” remarked a Haidilao Singapore spokesperson, adding that the location has been a treasure trove of memories for both staff and guests.

    The decision comes on the heels of Haidilao closing three other suburban restaurants across Singapore’s Bedok, Pasir Ris, and Punggol, part of a broader strategic reassessment following a phase of rapid expansion.

    Key considerations influencing this closure, according to a spokesperson, include rising labor costs, the suitability of outlet locations, and increasing rental expenses, all of which reflect the industry’s challenges.

    Representatives from CQ @ Clarke Quay, a vibrant hub favoured by locals and tourists alike, expressed gratitude for the longstanding partnership with Haidilao, which has adorned the area for 13 years. “Given Haidilao’s strong presence across the island, we have mutually agreed to refresh the #1 Store unit with a new tenant at the conclusion of its lease,” they stated.

    In a generous farewell gesture, Haidilao will distribute dining vouchers valued at over SGD800,000 (approximately US$625,000) to members eligible for the program. These vouchers can be utilized without a minimum spend at any of their locations throughout Singapore.

    Despite the impending closure of its flagship store, Haidilao’s footprint remains substantial, boasting over 16 restaurants in Singapore and more than 110 establishments globally, including in the U.S., Canada, and Australia.

    Questions & Answers

    What prompted Haidilao to close its Clarke Quay location?
    The closure is primarily due to the expiration of the lease, alongside mounting labor costs, rental expenses, and the need to reassess outlet locations.

    Will Haidilao continue to operate in Singapore after this closure?
    Yes, Haidilao still has over 16 outlets throughout Singapore, ensuring that fans of the hotpot chain can continue to enjoy their favourite dishes in other locations.

    What benefits are being offered to customers following the closure announcement?
    Haidilao is providing dining vouchers worth more than SGD800,000 (around US$625,000) to eligible members, which can be used without a minimum spend at any of their Singapore outlets.

  • Singapore Government Announces Wage Increase For 53,000 Retail Workers Over Next Three Years

    Singapore Government Announces Wage Increase For 53,000 Retail Workers Over Next Three Years

    The government of Singapore has made public plans to elevate the wages of over 53,000 retail workers residing in the country within the forthcoming three years.

    Progressive Wage Model Adoption

    The Ministry of Manpower revealed their acceptance of the Progressive Wage Model (PWM) on Monday. This model proposes a systematic progression of wages for retail employees based on their levels and the requisite training at each level. Devised by the Tripartite Cluster for Retail Industry (TCR), the PWM aims to ensure that workers’ wages correlate with their skills and productivity.

    As per the PWM, full-time retail assistants and cashiers will see a rise in their baseline monthly gross wages from the current $2175 to $2305 in September. This trend will continue with further increments to $2435 in the subsequent September and $2565 in September 2027.

    Wage Hike for Senior Roles

    There will be similar wage increases for senior retail assistants and cashiers starting from this September. Their wages will increase from the current $2395 to $2535, followed by further increments to $2680 in 2026 and $2820 in 2027.

    The wages of assistant retail supervisors will also be raised from $2635 to $2790 in September, with subsequent increases to $2950 next year and $3100 in 2027. However, the wages of retail supervisors and managers will vary according to market conditions.

    Part-Time Worker Consideration

    Part-time workers who clock in less than 35 hours a week will also benefit from a close to 6% rise in their hourly gross pay from September 1. Further wage increases will continue to be applied in the ensuing years.

    The PWM requirements, which are mandatory, will cover retail employees who are Singapore citizens and permanent residents. A review of the wage schedule will be carried out by the TCR next year.

    Training Requirements

    Employers will have to ensure that their retail workers meet the prescribed training requirements, including the Workforce Skills Qualification module or a relevant qualification from Institute of Higher Learning conferred by MOE-registered educational institutions. Employers will be given a grace period to comply with these training requirements.

    TCR co-chair Ryan Chioh acknowledged the challenges of rising costs and manpower constraints in the industry, but expressed that “the PWM, with structured wage progression and targeted training, helps businesses tackle these pressures while building a skilled and motivated workforce.”

    The PWM recommendations are the result of TCR’s extensive engagement with retail employers, the National Trades Union Congress, and industry associations.

    Singapore Retail Sales Update

    As per the most recent data from the Department of Statistics, retail sales in Singapore (excluding motor vehicles) experienced a modest increase of 0.4% in June, following stagnant growth in May.

    Questions & Answers

    What is the Progressive Wage Model (PWM)?
    The Progressive Wage Model is a wage structure that proposes a systematic progression of wages for retail employees based on their levels and the requisite training at each level.

    Who will be affected by the PWM in Singapore?
    The PWM will impact over 53,000 resident retail workers in Singapore, including full-time and part-time employees who are Singapore citizens and permanent residents.

    What changes will employers need to make in light of the PWM?
    Employers will need to ensure that their retail employees meet training requirements and are paid according to the wage schedule stipulated by the PWM. They will be given a grace period to comply with these changes.

  • M1-Simba Merger: A Groundbreaking Moment for Singapore’s Telco Landscape After Liberalization!

    M1-Simba Merger: A Groundbreaking Moment for Singapore’s Telco Landscape After Liberalization!

    Keppel Ltd. has embarked on a significant shift in Singapore’s telecommunications landscape by announcing its divestment of an 83.9% stake in M1 Ltd. to Simba Telecom. This landmark deal, valued at SGD 1.43 billion (USD 812 million), marks the first telecom consolidation in Singapore’s history. The arrangement involves Keppel selling its stake in M1 for approximately SGD 1.0 billion (USD 778 million) in cash while retaining the company’s ICT business. This move allows Keppel to sharpen its focus on high-growth connectivity sectors like data centers and subsea cables.

    A New Strategic Direction for Keppel

    As a founding shareholder of M1 since 1994, Keppel’s CEO, Loh Chin Hua, views this transaction as part of a broader strategy to transform the company into an asset-light global asset manager and operator. The merger will synergize M1 and Simba, currently positioned as the third and fourth largest telecom operators in Singapore, respectively, placing them in a better position to compete against giants Singtel and StarHub.

    Synergies Galore

    Loh emphasized the benefits of this strategic maneuver, stating that the partnership represents a “strategic path to sustainable growth” for Singapore’s telecom sector. He expressed confidence in the efficiencies the combined entities will achieve, saying:

    M1 and Simba are a highly synergistic combination. Together, they can scale more efficiently, optimize infrastructure, and accelerate 5G and digital investments, greatly enhancing service quality while contributing to a more resilient, future-ready telco industry.

    Competitive Edge and Growth Opportunities

    In a landscape where competition is fierce, Keppel cited Simba, owned by Australia’s Tuas Ltd., as having submitted the best all-cash offer among bidders, which underscores the attractive valuation for the acquisition. Interestingly, the two companies share minimal resource overlap, opening up avenues for new revenue streams and job creation within the industry.

    Enhancing the Consumer Experience

    According to Keppel’s statement, the upcoming transaction will bolster Singapore’s telco sector, delivering advantages to both industry players and consumers alike. The newly combined entity promises to accelerate investments in 5G and digital infrastructure, ultimately enhancing service quality. It’s a tale of merging to thrive, as the collaboration aims to create a resilient digital ecosystem rich in future technology investments, including cybersecurity, artificial intelligence (AI), and sustainability.

    Regulatory Approval in Process

    The Infocomm Media Development Authority (IMDA) has confirmed that both parties have signed the sale and purchase agreement (SPA) and will conduct a thorough assessment under the Telecom and Media Competition Code. This scrutiny is crucial to ensuring the transaction is advantageous for consumers, sustains market competition, and supports ongoing growth in the sector.

    Questions & Answers

    What does Keppel’s divestment of M1 represent for the telecommunications sector in Singapore?
    This divestment marks a historic consolidation in Singapore’s telecom landscape, allowing M1 and Simba to form a powerful entity to compete more effectively against market leaders like Singtel and StarHub.

    How does Keppel plan to benefit from this transaction?
    By restructuring its involvement with M1, Keppel aims to turn into an asset-light global asset manager, concentrating on high-growth sectors like data centers and subsea cables while still retaining a stake in M1’s ICT business.

    What are the potential benefits for consumers following this deal?
    Consumers could see enhanced service quality and a more resilient digital ecosystem, as the merged entity is expected to accelerate investments in 5G technologies and future innovations such as AI and cybersecurity.

  • Singapore to Eliminate Online Listings of Cost-of-Living Vouchers, Shaping Retail Strategies Ahead!

    Singapore to Eliminate Online Listings of Cost-of-Living Vouchers, Shaping Retail Strategies Ahead!

    Singapore’s community development councils (CDCs) are making moves to eliminate online listings of vouchers designed to alleviate rising cost-of-living concerns among residents. Recent reports indicate that the CDCs aim to collaborate with e-commerce platforms to remove listings associated with the CDC vouchers, which are not intended for resale and cannot be exchanged for cash. “The vouchers are not for resale and are not exchangeable for cash,” a CDC spokesperson emphasized.

    The CDC voucher initiative was launched in 2020 as a response to households struggling with living expenses during the Covid-19 pandemic while supporting local merchants. The latest distribution, which offered S$500 worth of vouchers, commenced in May and is valid until December 31, 2025. The official scheme’s website highlights that sales of these vouchers are strictly prohibited.

    Celebrating Independence with SG60 Vouchers

    Additionally, SG60 vouchers were released last month as part of Singapore’s 60th independence anniversary celebrations, valid until December 31, 2026. Citizens aged 21 to 59 receive S$600, while those aged 60 and above are given S$800. These vouchers can be used at eight supermarket chains with 400 outlets across the island and at over 23,000 participating hawker stalls and small businesses. It’s a way to give back to the community—who wouldn’t want a slice of a $600 deal?

    Shortly after their release on July 1, listings for SG60 vouchers began surfacing on the Carousell marketplace, often bundled with CDC vouchers in enticing “package deals.” Sellers cleverly labeled them as “CD Vouchers” to evade the site’s moderation, with many offerings priced below their actual value — the highest listing reached $600 for vouchers worth $800.

    A representative from Carousell informed that the website takes illegal transactions seriously and utilizes artificial intelligence to monitor new listings for rule violations. Users are also encouraged to report suspicious advertisements, enhancing the function of community vigilance in maintaining fair practices.

    Questions & Answers

    What prompted the removal of voucher listings on e-commerce sites in Singapore?
    The decision was driven by the need to prevent the resale of CDC vouchers intended to assist residents with their cost of living, ensuring they remain accessible for their intended purpose.

    When were the SG60 vouchers issued, and who is eligible to receive them?
    The SG60 vouchers were distributed starting in July 2023, with citizens aged 21 to 59 receiving S$600, while those aged 60 and above were given S$800.

    How does Carousell handle illegal voucher listings on its platform?
    Carousell employs artificial intelligence to monitor new listings and takes a proactive approach by encouraging users to report suspicious activities, maintaining a fair environment for all users.

  • Longchamp Unveils Stylishly Renovated Boutiques at ION Orchard and Marina Bay Sands

    Longchamp Unveils Stylishly Renovated Boutiques at ION Orchard and Marina Bay Sands

    Longchamp has breathed new life into its boutiques at ION Orchard and The Shoppes at Marina Bay Sands in Singapore, unveiling a stunning redesign inspired by the essence of a stylish Parisian apartment. The renovations promise an inviting atmosphere that embodies the luxury of both the brand and the city.

    The refreshed façades feature elegant, tone-on-tone wood-clad panels, creating a sophisticated backdrop that allows the brand’s vibrant products to pop. Inside, each section of the boutique unfolds a unique theme: a workshop-style welcome desk curates seasonal highlights, while a Haussmannian-style lounge provides a cozy retreat adorned with vintage furnishings. A captivating “library” wall showcases the iconic Le Pliage® bags, artfully arranged by color and format, transforming the shopping space into a style gallery.

    Moreover, Longchamp celebrates its signature leather lines, Le Roseau and Le Foulonné, prominently within the spaces, alongside the new Berry Bon Bon podiums at ION Orchard. The meticulous attention to detail shines through in the rich dark and light green accents and bespoke decorative pieces. Not to mention, the creative product displays incorporate whimsical touches, featuring fruit baskets and lacquer trays designed by Philippe Model — who knew shopping could resemble a stroll through a chic gallery?

    This redesign not only underscores Longchamp’s commitment to heritage and craftsmanship but also enhances the shopping experience, inviting customers to immerse themselves in a uniquely Parisian ambiance right in the heart of Singapore.

    Questions & Answers

    What inspired the new design of Longchamp’s boutiques in Singapore?
    The new design is directly inspired by a chic Parisian apartment, aiming to create a warm and inviting atmosphere for customers.

    What unique features can shoppers expect to see inside the renovated stores?
    The boutiques feature distinct themed areas, including a workshop-style welcome desk, a vintage lounge, and a “library” wall showcasing the iconic Le Pliage® bags arranged by color.

    How does the redesign reflect Longchamp’s brand values?
    The renovation highlights Longchamp’s heritage, craftsmanship, and Parisian roots, all while offering an immersive shopping experience that invites customers to engage with the brand more personally.

  • Clementi Mall Hits Singapore Market With S$750 Million Price Tag Amid Cuscaden Peak’s Portfolio Optimization Strategy

    Clementi Mall Hits Singapore Market With S$750 Million Price Tag Amid Cuscaden Peak’s Portfolio Optimization Strategy

    Cuscaden Peak Investments has made the decision to put the Clementi Mall, located in Singapore, on the market. The asking price for the suburban, mid-range shopping hub is expected to be around S$750 million, as per sources privy to the matter.

    Property Details and Background

    The Clementi Mall is a bustling hub of activity, featuring a six-storey retail podium along with a basement level. The mall is home to approximately 160 tenants, providing a wide range of services and products to meet various consumer needs. A key selling point for the commercial property is its direct link to the Clementi MRT station, which attracts an impressive footfall of around 300 million visitors annually.

    The rumored sale is reportedly a part of Cuscaden Peak Investments’ larger business strategy of portfolio optimization and capital recycling.

    The mall’s current asking price represents an increase of about 15% compared to its previous valuation of approximately $645 million in December of the previous year.

    Managing the Sale

    To streamline the sale process, two renowned real estate service providers, Cushman & Wakefield and Savills, have been appointed.

    Cuscaden Peak Investments, the current owner of the mall, is a wholly-owned subsidiary of Cuscaden Peak. The latter, a consortium, was initially founded by Hotel Properties Ltd (HPL), CLA Real Estate Holdings of CapitaLand, and a Mapletree Investments unit.

    In 2022, this consortium made headlines by acquiring Singapore Press Holdings (SPH), which included The Clementi Mall within its portfolio. The mall was a part of SPH Real Estate Investment Trust and was later rebranded as Paragon Reit.

    Over time, HPL chose to exit the consortium. Subsequently, Paragon Reit underwent privatization in April and was delisted in June.

    Questions & Answers

    What is the estimated value of the Clementi Mall?
    The current asking price for the Clementi Mall is around S$750 million, which is a 15% increase from its valuation in December of the previous year.

    Who are the managers appointed for the sale of the mall?
    Real estate service providers Cushman & Wakefield and Savills have been tasked with managing the sale of the mall.

    Who are the current owners of the Clementi Mall?
    The Clementi Mall is currently owned by Cuscaden Peak Investments, a subsidiary of Cuscaden Peak.

  • Singapore retail sales inch up 0.4 per cent in June

    Singapore retail sales inch up 0.4 per cent in June

    In June, retail sales in Singapore, not including motor vehicles, exhibited a modest 0.4% rise year-on-year, as reported by the Department of Statistics. This minor upswing follows a period of stagnant growth in May. With seasonal adjustments, retail sales showed a 1.4% decrease compared to May.

    The estimated overall retail sales value stood at SG$3.3 billion (US$2.6 billion), with online sales accounting for 16.2% of this figure.

    Industry Performance

    Most industries within the retail sector garnered an uptick in sales. The computer and telecommunications equipment industry saw a 7.3% increase, optical goods and book sales rose by 5.9%, and recreational goods experienced a 5.6% surge in sales.

    Additional categories such as watches and jewelry, cosmetics and medical goods, supermarkets and hypermarkets, as well as furniture and household equipment also witnessed increases ranging from 1.3% to 5.5%.

    However, not all areas of retail prospered. Petrol service stations, along with food and alcohol retailers, saw their sales decrease by 5.9% and 5.2%, respectively. Furthermore, the apparel and footwear segment, as well as minimarts and convenience stores, underwent a 2.6% reduction in sales.

    Food and Beverage Services

    Food and beverage service sales showed a marginal 0.1% increase amounting to SG$962 million in June, following a 1% rise in May. This modest growth was largely attributed to increased sales from food caterers and fast food outlets, which somewhat balanced the declining sales from restaurants, cafes, and food courts.

    Questions & Answers

    What was the overall increase in Singapore’s retail sales in June, excluding motor vehicles?
    There was a 0.4% increase in Singapore’s retail sales for the month of June, not including motor vehicles.

    Which sectors saw an increase in sales?
    Most industries within the retail sector saw an increase in sales. These include the computer and telecommunications equipment industry, optical goods and books, recreational goods, watches and jewelry, cosmetics and medical goods, supermarkets and hypermarkets, and furniture and household equipment.

    Which sectors experienced a decrease in sales?
    Sales decreased in petrol service stations, food and alcohol retailers, apparel and footwear segment, as well as minimarts and convenience stores.

  • Singapore Retailers Association announces The Singapore Retail Festival celebrating fresh, energised experiences

    Singapore Retailers Association announces The Singapore Retail Festival celebrating fresh, energised experiences

    In a bold move to offer shoppers unique and one-of-a-kind retail moments beyond sales to rejuvenate the retail industry and re-establish Singapore as a shopping destination for the world, the Singapore Retailers Association (SRA) announced the inaugural Singapore Retail Festival (SRF).

    SRF, to be held from 26 September to 12 October, 2025, will be an industry-wide celebration of innovation and transformation to reignite consumer excitement in visiting physical stores, while spotlighting the innovation, creativity, and spirit of Singapore’s retail sector.

    Mr Ernie Koh, President of Singapore Retailers Association, remarked that “by bringing back the magic of discovery, engagement, and on-ground experiences, the Singapore Retail Festival is looking to transform the everyday shopping journey into something fresh, vibrant, and memorable – strengthening Singapore’s position as a dynamic and future-ready retail destination for both Singaporeans and tourists. Shoppers can look forward to a dynamic, value-driven celebration of Singapore retail that reflects the changing needs of today’s consumers and the modern retail landscape”.

    This new initiative by the association was conceived to provide the much-needed united push with collective marketing, to amplify visibility and footfall across Singapore’s retail ecosystem, especially for the physical stores. SRA will work with retailers and key partners such as BHG, Eu Yan Sang, Harvey Norman, IN GOOD COMPANY, Metro, OG, Pet Lovers Centre, TANGS, TC Acoustic, Watson’s, among other retailers, and Brands for Good (BFG) to reimagine the festival, focusing on value beyond price and emphasising experiential retail, meaningful consumer engagements, and innovation.

    Mr Koh added that “this is no longer just a sale. It’s a celebration of Singapore’s retail creativity, and the unique value presented by its retail community. The Singapore Retail Festival represents a united push to uplift our retail sector. It’s about delivering value beyond discounts, creating one-of-a-kind moments that shoppers simply cannot find anywhere else.”

    One of the key features of SRF will be the introduction of experiential retail concepts from interactive in-store activations to limited-time concepts such as pop-ups, workshops, masterclasses, sensory or personalisation activities, to create immersive environments that excite and engage shoppers and reward them from stepping out to enjoy the vibrancy of the retail scene. This feature, among others such as exclusive value-driven offerings in the form of limited-time product drops, bundles and exclusive collaborations, offering unique and meaningful buys that go beyond conventional discounts, will make the festival markedly different from the Great Singapore Sale (GSS), the once much-anticipated annual affair that placed Singapore on the world map for great shopping. Once synonymous with deep discounts, GSS gradually lost its lustre with increasing competition from neighbouring cities often offering retail experiences at a lower price.

    What’s New

    •  Exclusive Value-Driven Offerings: The festival would feature limited-time, specially curated product offerings and exclusive collaborations for unique and meaningful buys that go beyond conventional discounts.
    • Experiential Retail Concepts: From interactive in-store activations to limited-time concepts such as pop-ups, to create immersive environments that excite and engage shoppers for memorable experiences and Instagram-worthy compelling alternatives to the convenience of online shopping.
    • New Retail Brands: SRF will spotlight not just established household names but also new retail brands entering the scene. These newcomers bring fresh ideas, niche offerings, and bold concepts that appeal to evolving consumer tastes, adding vibrancy and diversity to the overall retail experience. Their participation also reflects Singapore’s continued appeal as a launch pad for innovative retail ideas.
    • Thematic Celebrations: Each year, the SRF will adopt a distinct theme to keep the experience fresh, relevant, and aligned with consumer trends – something to look out for and experience first-hand. This approach not only allows for creative storytelling and curated retail experiences, but will also help drive year-on-year excitement and deeper engagement for both retailers and shoppers.

    Introduced in celebration of Singapore’s 60th year of independence, the festival will also coincide with the Formula 1 Singapore Grand Prix 2025 this year, leveraging the seasonal surge in international visitors and tourists. More detailed information on SRF 2025 will be announced later.

    SRA invites retailers across the island to join the festival by contacting SRA to share innovative retail ideas for collaboration and indicate their interest to participate in the festival. Please refer to the annex of the attached document for the list of confirmed participating retailers and malls to date.

  • Singaporeans Boost Gold Investments by 37%, Signaling Strong Market Confidence

    Singaporeans Boost Gold Investments by 37%, Signaling Strong Market Confidence

    Singapore’s investment in gold bars and coins surged by 37% year-on-year, reaching 2.2 tonnes in the second quarter. Although this figure falls short of the record high of 2.5 tonnes observed in the first quarter, the World Gold Council indicates a strong upward trend in gold investments. Meanwhile, in Southeast Asia, gold investment also flourished, with notable double-digit growth reported in Indonesia, Malaysia, and Thailand. In contrast, Vietnam saw a 20% decline in gold investment, a discrepancy that raises eyebrows.

    On the jewelry front, Singaporeans are growing cautious. Gold jewelry demand fell by 8%, totaling 1.5 tonnes, largely influenced by soaring gold prices that restricted consumer purchasing power. This trend mirrors a broader global decline in jewelry consumption, which has dropped to levels reminiscent of the pandemic.

    Globally, investment in gold bars and coins witnessed an 11% uptick, amounting to 306.8 tonnes. Chinese investors led the charge with 115 tonnes, complemented by Indian investors contributing 46 tonnes. Interestingly, European net investment doubled to 28 tonnes, while the U.S. found itself on a different trajectory—demand for gold bars and coins plummeted by half to just 9 tonnes in the second quarter.

    Looking ahead, the World Gold Council cites geopolitical tensions, market volatility, and macroeconomic uncertainty as factors that will continue to fuel investment demand for gold. It also notes that the performance of the U.S. dollar will be crucial for institutional investors moving into the second half of the year. With many analysts predicting a structurally weaker dollar, the stage is set for intriguing shifts in the gold market.

    Questions & Answers

    What percentage increase did Singapore experience in gold investment in the second quarter?
    Singapore’s gold investment rose by 37% year-on-year in the second quarter, totaling 2.2 tonnes.

    How did the demand for gold jewelry in Singapore change recently?
    Gold jewelry demand in Singapore declined by 8%, reaching 1.5 tonnes, largely due to record-high gold prices.

    Which regions showed notable growth in gold investment during the second quarter?
    In Southeast Asia, gold investments increased significantly in Indonesia, Malaysia, and Thailand, all reporting double-digit growth compared to the previous year.

  • Danish Brand Flying Tiger Copenhagen Debuts In Singapore, Amplifying Asia-pacific Presence

    Danish Brand Flying Tiger Copenhagen Debuts In Singapore, Amplifying Asia-pacific Presence

    Flying Tiger Copenhagen, a Danish lifestyle brand, has recently expanded its global footprint with the launch of its first store in Singapore. Situated in Bugis+, the store’s opening signifies the brand’s sustained drive to establish a stronger presence in the Asia-Pacific region.

    The newly unveiled 157sqm store showcases a wide range of products, adhering to the brand’s focus on design-centric and economically priced offerings. The selection includes homeware, stationery, interior decor, and toys, thereby meeting a variety of consumer needs and preferences.

    Singapore represents the latest accomplishment in Flying Tiger Copenhagen’s ambitious regional growth strategy. The brand initiated its Asia-Pacific expansion in 2023 with the inauguration of its stores in Indonesia and the Philippines. This was closely followed by store launches in Australia and Vietnam in the subsequent year.

    The operations in Singapore are steered by PT Mitra Adiperkasa Tbk (MAP), an Indonesian lifestyle retail company. MAP also supervises the brand’s operations in Indonesia and Malaysia, thereby ensuring a cohesive strategy across these markets.

    Established in 1995, Flying Tiger Copenhagen has experienced significant growth and now operates over 1000 stores in 39 global markets. This expansion underscores the brand’s commitment to bringing its unique offerings to a wider international audience.

    Questions & Answers

    What is the Danish lifestyle brand that recently opened its first store in Singapore?
    The brand is Flying Tiger Copenhagen.

    What variety of products does the new Flying Tiger Copenhagen store in Singapore offer?
    The store offers a selection of homeware, stationery, interior decor, and toys.

    Who is managing the operations of Flying Tiger Copenhagen in Singapore?
    The operations are managed by an Indonesian lifestyle retail firm known as PT Mitra Adiperkasa Tbk (MAP).

  • DayOne Breaks Ground on Its First Hyperscale Data Center in Singapore

    DayOne Breaks Ground on Its First Hyperscale Data Center in Singapore

    DayOne has officially broken ground on its inaugural hyperscale data centre in Singapore, marking a significant milestone for the company and the region’s technological landscape. Located in the heart of Singapore, the facility is set to offer a remarkable 20 MW of capacity across a sprawling 40,000 square meters.

    Aiming for 2026: The First Phase Launch

    The first phase of this ambitious project is on track to become operational by 2026, supporting the burgeoning demands of artificial intelligence, cloud computing, and high-density workloads. But this isn’t just about raw capacity; DayOne has firmly committed to sustainability. To power the facility, the company has signed a ten-year Power Purchase Agreement with Sembcorp Power to rely entirely on renewable energy sources. They will utilize bundled Renewable Energy Certificates (RECs) ensuring a green footprint that resonates with today’s eco-conscious business practices.

    Innovating for a Greener Tomorrow

    DayOne has also partnered with the National University of Singapore on a research and development initiative under the Sustainable Tropical Data Centre Testbed Phase 2.0. This collaboration aims to test cutting-edge cooling technologies and Solid Oxide Fuel Cell (SOFC) systems tailored for tropical climates. As if that weren’t ambitious enough, the site will pioneer SOFC power generation methods to harness hydrogen-based energy, reflecting a daring leap toward innovative energy solutions. The facility will support both air and liquid cooling, ensuring optimal performance under various operational conditions.

    Setting the Bar for Sustainability Standards

    With aspirations to earn LEED Platinum and BCA Green Mark Platinum certifications, DayOne is not just looking to build but to set a benchmark for sustainable design in the data centre sector. This project aligns with Singapore’s Digital Connectivity Blueprint, part of its broader initiative to augment 300 MW of capacity in the coming years. Recognized by the Infocomm Media Development Authority (IMDA) and the Singapore Economic Development Board (EDB), the facility came through the Pilot Data Centre Call for Application, emphasizing the country’s commitment to fostering innovation in digital infrastructure.

    Nonetheless, the impact of this development extends beyond Singapore’s borders. DayOne’s operations span across Singapore, Malaysia, Indonesia, Thailand, Japan, and Hong Kong SAR, with the Singapore site poised to be a cornerstone for its regional growth strategy while catering to the increasing demands for AI and high-performance computing workloads. In a region where technology is evolving faster than you can say “hyperscale,” DayOne is certainly setting the pace.

    Questions & Answers

    What is DayOne’s goal for its new data centre in Singapore?
    DayOne aims to deliver 20 MW of capacity across 40,000 square meters, with the first phase expected to be operational by 2026, focusing on AI, cloud computing, and high-density workloads.

    How is DayOne ensuring sustainability at its data centre?
    The company has signed a 10-year Power Purchase Agreement with Sembcorp Power to run the facility entirely on renewable energy, utilizing bundled Renewable Energy Certificates sourced locally or through grid connections.

    What unique technologies will DayOne test at the new facility?
    DayOne will collaborate with the National University of Singapore to test advanced cooling systems and Solid Oxide Fuel Cell (SOFC) technologies aimed at optimizing energy efficiency for tropical climates.

  • Beloved Singaporean Eatery Ka-Soh Bids Farewell After 86 Years of Serving Iconic Cantonese Fish Soup

    Beloved Singaporean Eatery Ka-Soh Bids Farewell After 86 Years of Serving Iconic Cantonese Fish Soup

    In a heartfelt message posted on Facebook, Ka-Soh has announced it will close its Greenwood Avenue location, marking the end of an era come September 28, 2025. This decision comes after years of serving sumptuous Cantonese-style zi char dishes, beloved in both Singapore and Malaysia for their homey appeal and shared dining experience, as recognized by the Michelin Guide.

    Ka-Soh is particularly famous for its signature fish soup, a culinary masterpiece featuring a velvety, milky broth crafted from hours of boiling fish bones. And let’s not forget the prawn paste chicken — a dish that many loyal patrons hail as the best in Singapore, proving that food can inspire both nostalgia and deep cravings.

    In its announcement, Ka-Soh expressed immense gratitude to its loyal customers who have supported the restaurant for generations, moving with it from Chin Chew Street to Amoy and out to Outram before settling in Greenwood.

    Cedric Tang, the third-generation owner at the helm, shared his struggles with survival in today’s competitive food landscape. Just this month, he revealed to The Straits Times that the restaurant has been grappling with slim margins, admitting that he has had to take a salary cut while the earnings have dwindled to barely breaking even, a significant shift from the once-thriving profits of 30-40% seen decades ago.

    The Legacy of 86 Years

    The journey of Ka-Soh began in 1939 when Cedric’s grandfather, Tang Kwong Swee, launched the original eatery, Swee Kee. Following the disruptions of World War II, he reinvented himself as a street hawker along Chin Chew Street before eventually securing a shophouse to reopen his business. As demand grew, he hired a head waitress and her daughter-in-law, who helped shape the restaurant’s character, lending their name to what would become “Ka-Soh,” meaning “daughter-in-law” in Cantonese.

    The restaurant transitioned to Cedric’s father in the 1980s, relocating to Amoy Street in 1996, and saw a new chapter in 2007 with the launch of Ka-Soh as a slightly more upscale offering. At the peak of its popularity, Swee Kee attracted a blend of local patrons and international celebrities, including Hong Kong’s Four Heavenly Kings — Jacky Cheung, Andy Lau, Aaron Kwok, and Leon Lai — who dined there after their performances in Singapore, according to MustShareNews.

    Over the years, Swee Kee operated six outlets, including its flagship location on Amoy Street, earning multiple Michelin Bib Gourmand awards for providing quality food at reasonable prices. Yet, as economic realities set in, including increasing operational costs, Ka-Soh had to make the painful decision to close, nearly all of its outlets falling to the wayside, leaving just one standing.

    In a candid interview with 8days, Cedric articulated the harsh truths faced by traditional eateries in Singapore. Rising costs, persistent staffing challenges, and evolving customer expectations create a perfect storm of difficulties, particularly when price adjustments become necessary. “Being a heritage brand doesn’t pay the bills,” he lamented. Despite the emotional weight of closing the restaurant, Cedric remains hopeful that the spirit of their culinary legacy will endure, acknowledging the hard work he and his brother Gareth have poured into it.

    “Of course, it’s not easy,” he concluded somberly. “But we know we gave it everything we had.”

    Questions & Answers

    What is the significance of Ka-Soh’s closure for the local dining scene?
    Ka-Soh’s closure represents the loss of a beloved heritage brand that has served Singaporeans for decades, highlighting the challenges traditional eateries face in a rapidly changing economic landscape.

    How did Ka-Soh become popular in the first place?
    Ka-Soh became popular due to its authentic Cantonese-style zi char dishes, particularly its acclaimed fish soup and prawn paste chicken, attracting a loyal customer base over its 86-year history.

    What challenges is the restaurant industry facing today?
    The industry is grappling with rising operational costs, staffing issues, and shifting customer expectations, making it tough for heritage brands like Ka-Soh to adapt and thrive.

  • Kardex Launches Affordable AutoStore StarterGrid to Revolutionize Warehouse Automation in Singapore

    Kardex Launches Affordable AutoStore StarterGrid to Revolutionize Warehouse Automation in Singapore

    Global intralogistics specialist Kardex has unveiled its new AutoStore™ StarterGrid, which is an affordable, plug-and-play automated storage and retrieval system (ASRS) now available to customers in Southeast Asia. It immediately streamlines storage and fulfilment operations and is targeted at startups, small and medium-sized businesses, and companies wanting to test the impact of automation on their warehouse operations.

    Kardex, the world’s fastest-growing AutoStore integrator, has exclusively designed and configured the 4,000-bin system to provide customers with the chance to embrace warehouse automation without complexity, high costs or long lead times. It provides the ideal starting point for automation, as it is easy to install, built for simplicity, and could cost companies in Singapore as little as S$8,300 a month.

    AutoStore StarterGrid: Scalable, precise, and maximizing warehouse space

    AutoStore is the world’s fastest goods-to-person (GTP) system per square-meter and maximizes space efficiency, reducing warehouse footprint by over 50% and increasing storage capacity. The AutoStore StarterGrid from Kardex can be installed into existing facilities without costly adaptations or power upgrades.

    Precise AutoStore robots can boost picking accuracy up to 99% and throughput can double or even triple compared with manual operations. In addition, the AutoStore ASRS solution enhances warehouse safety and carries out mundane, physically demanding and repetitive tasks, freeing workers up to carry out more rewarding work.

    Designed with scalability in mind, the Kardex AutoStore StarterGrid can be easily expanded without disrupting business operations or requiring any rework, with new ports and robots added swiftly to meet surges in demand. As company needs grow, the grid can even be customized by Kardex to meet evolving requirements.

    A 4,000-bin ASRS solution within 6 months

    The AutoStore StarterGrid from Kardex offers a standardized, pre-configured setup featuring all the essential components to start automating quickly and efficiently. It is simple and hassle-free to implement, comprising a compact, high-density Grid Frame of up to 6 meters, 4 R5 Robots for fast, accurate item retrieval, 4,000 storage bins, and 2 efficient Conveyor-Ports for precise order picking – handling 180 to 240 bins per hour with 99% accuracy.

    Return on investment (ROI) for new solution is 2-3 years on average and businesses can reach out to Kardex to find out more, with a dedicated project team providing expert end-to-end guidance to unlock the benefits of automation within 6 months. In Singapore, the Kardex AutoStore StarterGrid could cost as little as S$8,300 per month, delivering dramatic improvements in storage density, fulfilment accuracy and throughput.

    Kardex: An expert AutoStore integrator and innovator

    Businesses that want to find out more about the impact AutoStore could have on their operations can visit Kardex’s new office and Experience Center in Singapore. The new facility, recently opened in the Nordic European Centre at the International Business Park, positions Kardex for further growth in Southeast Asia and provides a dedicated space for customers to meet with the expert team and see firsthand how AutoStore systems powered by Kardex can revolutionize their operations.

    Kardex also has the most extensive portfolio of exclusive products designed to enhance the AutoStore system. These include: the purpose-built FulfillX warehouse execution system (WES), designed to streamline operations and enhance performance; the Intuitive Picking Assistant (IPA), which guides operators through the picking process by projecting all relevant information to optimize picking efficiency and accuracy; and the SnapVac cleaning robot to keep the AutoStore grid free from dust, debris, and operational slowdowns.

    Freddy Zhong, APAC Director of Business Development for AutoStore, says, “Smarter automation starts with smart prices. The AutoStore StarterGrid from Kardex provides companies of all sizes with automation that’s practical for today AND prepares them for tomorrow. We want to get through to the people who think that warehouse automation is not for them or is too expensive. The StarterGrid has been specially designed for companies that want to improve their storage and fulfillment operations with a solution that is fast to implement, scalable and efficient.”

  • Singapore’s Castlery Expands European Footprint With Uk E-commerce Launch And London Pop-up Store

    Singapore’s Castlery Expands European Footprint With Uk E-commerce Launch And London Pop-up Store

    Singaporean home furnishings company, Castlery, has extended its reach by opening an e-commerce store in the United Kingdom. This move signifies the brand’s initial foray into the European marketplace.

    The online store showcases an extensive variety of Castlery’s furniture offerings, inclusive of sofas, dining tables, beds, storage solutions, and items crafted with children in mind. In addition, Castlery is preparing to introduce a pop-up store at the London Design Festival in September.

    Co-founder Declan Ee summed up Castlery’s ethos, stating, “In essence, Castlery offers furnishings for those who value well-designed pieces, but are not prepared to sacrifice their financial stability for an expensive coffee table.”

    Furthering their expansion, Castlery is also set to inaugurate a physical storefront in Brisbane on the 26th of August. This follows the successful establishment of their Sydney store in the previous year.

    Since its inception in 2013, the Singapore-based company has been operating its e-commerce platform across a staggering 100 cities worldwide. These include locations in Singapore, Australia, the United States, Canada, as well as the United Kingdom.

    Questions & Answers

    When and where was Castlery founded?
    Castlery was founded in Singapore in 2013.

    Where is Castlery set to open its next physical store?
    The next physical store will be opened in Brisbane on August 26.

    In which cities does Castlery operate its e-commerce site?
    Castlery operates its e-commerce site in 100 global cities, spanning regions such as Singapore, Australia, the United States, Canada, and the United Kingdom.

  • Chinese Milk Tea Giant Chapanda Breaks Into Singaporean Market With Two Prime Location Outlets

    Chinese Milk Tea Giant Chapanda Breaks Into Singaporean Market With Two Prime Location Outlets

    ChaPanda, a renowned Chinese milk tea brand, is making its daring entry into the Singaporean market by launching two new stores in prime locations.

    The First Two Outlets

    The brand’s inaugural outlet in Singapore has already opened its doors at Scape, a shopping complex located on Orchard Link. The second store is also set to make a grand entrance soon at Northpoint City South Wing, a popular shopping mall in northern Singapore.

    These new outlets continue the brand’s tradition of featuring adorable panda mascots and offering an impressive range of drink options. Customers can look forward to indulging in popular favourites such as Taro Ball Milk Tea and Mango Pomelo Sago.

    ChaPanda’s Rapid Growth

    ChaPanda, also known as ChaBaiDao, was established in 2008 in Chengdu, China. Following its inception, the brand has experienced tremendous domestic and global growth.

    Today, ChaPanda is recognized as the third-largest freshly made milk tea chain in China. The company operates an expansive network of over 8000 stores across the globe, enjoying a significant presence in several key markets including Hong Kong, South Korea, Australia, Malaysia, and Thailand.

    Major Milestone for ChaPanda

    In a significant achievement in 2020, ChaPanda’s founder, Wang Xiaokun, ascended to the prestigious ranks of the world’s billionaires. This significant milestone followed a successful funding round that catapulted the company’s valuation to an impressive US$2.1 billion.

    Questions & Answers

    What is ChaPanda?
    ChaPanda, or ChaBaiDao, is a Chinese milk tea brand established in 2008. It is the third-largest freshly made milk tea chain in China with over 8000 stores globally.

    Where will the ChaPanda stores be located in Singapore?
    The first ChaPanda store in Singapore is located at Scape on Orchard Link, and the second outlet is set to open at Northpoint City South Wing soon.

    Who is the founder of ChaPanda?
    ChaPanda was founded by Wang Xiaokun, who became a billionaire following a funding round that valued the company at US$2.1 billion.