Tag: Singapore

  • Datapipe drives Baozun digital transformation

    Datapipe drives Baozun digital transformation

    Datapipe, a leading global provider of managed hosting and cloud services for the enterprise, has led the cloud migration and digital transformation of China’s largest brand eCommerce services provider Baozun Inc.

    Baozun has shifted its IT systems to Datapipe’s managed cloud, tapping Datapipe’s expertise as a Managed Services Provider to handle its cloud migration and maintenance. Results include decreasing the time to on-board new clients by 500 per cent, reducing the cost of hosting by 20 per cent, reducing maintenance  from 200 man hours to virtually zero, freeing Baozun’s IT team of over 20 employees to focus on core business activities. Datapipe also reduced Baozun’s server downtime to zero per cent, enabling Baozun to guarantee a 99.95 per cent uptime to its clients – which include over 100 global brands in over 50 countries.

    With operations across China, Hong Kong, Taiwan and the rest of Asia Pacific, Baozun offers end-to-end brand eCommerce solutions to more-than 100 international clients. These include brands in the apparel, appliances, electronics, home and furnishing, food and health, cosmetics, insurance and automobile categories. Baozun helps these companies operate eCommerce sites on China’s most popular online marketplaces, such as Alibaba’s Tmall and JD.com. Key to ensuring their clients’ success is the ability for Baozun to provide scalable, highly available and secure end to end solutions integrating front end shopping experiences with supply chain management and distribution systems.

    Colin Chan, VP of Asia at Datapipe says Baozun has hundreds of global business partners, spanning millions of customers and transactions.

    “Given the scope of its operations, ‎and the unique nature of eCommerce in China, where some days have 1000-times the transaction and visitor numbers than others, the challenge of ensuring infrastructure is able to scale up to meet business demand‎ is very real. We’re pleased to work with Baozun, by migrating their core workloads to a 100 per cent scalable cloud environment and providing management of their infrastructure 24×7.

    “With their IT now supporting their ever-growing business, Baozun is better positioned to take aim at the multi-trillion dollar eCommerce opportunity in China and Asia wide.”

    Prior to working with Datapipe, all of Baozun’s data ran on web servers hosted externally – unsustainable given the business’ rapid growth, because as transactions volumes grew, so too did the server load; consequently, server sizes increased, placing significant pressure on its IT team around maintenance, cost, speed and scale.

    Tony Wu, CTO at Baozun, says Datapipe came highly recommended. “They brought significant expertise in managing cloud environments – including for other large eCommerce ‎businesses in China. They delivered a high-level of customer support, were very affordable and are able to provide open source as well as private cloud services to meet our unique needs. By Datapipe managing our cloud deployment, Baozun is able to focus on other crucial technology processes, accelerating our growth and delivering shareholder value.”

    China surpassed the US last year to become the world’s largest retail eCommerce market, and is expected to cross US$1.21 trillion in retail eCommerce sales in 2017, according to eMarketer. While eCommerce is growing strongly, running an eCommerce business comes with its own set of unique challenges, particularly around scale. When online promotions are launched, for example, Baozun sees significant spikes in sales volumes – up to 100x that of a normal day. On Singles Day in 2015 (11 November), Baozun processed 650,000 orders in the first hour and 3.5 million orders within a span of 24 hours.

    Datapipe recently drove the eCommerce transformation of Challenger Technologies Limited, Singapore’s largest electronics retailer. The company is seeing rapid growth across Asia-Pacific. It has doubled regional manpower year-on-year, with close to 100 employees now in Hong Kong and double the customer base in the region.

    Datapipe is the managed hosting and cloud services provider with the most complete set of services, global locations, and industry leading partners. Datapipe delivers choice, control and confidence in architecting, deploying, and managing multi-platform hybrid IT solutions tailored to individual customer needs. Optimising mission-critical and day-to-day enterprise IT operations, Datapipe enables businesses to transform, innovate, and scale. Backed by a global team of experienced professionals and next-generation data centers Datapipe provides comprehensive security, governance, orchestration, and analytics solutions.

  • McDonald’s Singapore and Malaysia for sale

    McDonald’s Singapore and Malaysia for sale

    Franchise rights for 20 years for McDonald’s Singapore and Malaysia could fetch S$542.8 million (US$400 million).

    The rights have been put on the market as part of McDonald’s Corp’s international turnaround plan put in place by new CEO Steve Easterbrook last year. With a US$112 billion market value, the corporation is revamping its ownership models throughout Asia, including plans to offload its China, Hong Kong and South Korea master franchises.

    McDonald’s has adopted a “development licensee model” for Malaysia and Singapore, says a Singapore spokesman. It is negotiating with candidates “committed to helping accelerate growth and innovation in Malaysia and Singapore”.

    McDonald’s owns most of its outlets in Asia, and eventually aims to have 95 per cent of its restaurants in the region under local ownership.

    Singapore has more than 120 McDonald’s restaurants with about 9000 employees, while in
    Malaysia there are more than 250 restaurants.

  • Singtel launches mobile newsstand service

    Singtel launches mobile newsstand service

    Singtel has launched a new service offering subscriptions to digital newspapers and magazines at discount rates, and with unmetered access to their content.

    The Singtel Newsstand service will at launch offer Singapore’s largest newspaper the Straits Times, as well as international publications including the Wall Street Journal, TIME and Fortune Magazine.

    The titles will be offered at discounts of up to 20% off regular rates, and Singtel postpaid customers will be able to access online articles, podcasts and videos from the publications without drawing on their data allowances.

    Singtel said it plans to add other publications including the New York Times, the Economist and the Financial Times in the coming months.

    The operator will also offer postpaid customers the option to sign up for print subscriptions to the publications and be charged via their monthly mobile bill.

    Singtel has partnered with Samsung to offer a free three months subscription to Singapore customers who purchase Samsung devices from Singtel from now until mid next year.

    Singtel vice president of mobile marketing Diana Chen said the new initiative reflects the fact that the operator’s customers are increasingly using their mobile devices to access news and current affairs daily.

    “With Singtel Newsstand, we make premium news content from the world’s top publications more affordable and accessible than ever before,” she said.

  • Award-winning Singaporean jewellery brand expands to Hong Kong

    Award-winning Singaporean jewellery brand expands to Hong Kong

    Singaporean contemporary jewellery brand Luvenus Jewellery announced today (July 26) that it has opened its first overseas outlet at Hong Kong International Airport to showcase its designs to the millions of travellers that pass through the airport each year.

    Launched in 2012, Luvenus is an award-winning company specialising in pure 22-karat and 24-karat gold jewellery with diverse and unique product designs. It also carries a collection of fully certified diamond jewellery, said the Managing Director, Mr Parthiban Murugaiyan.

    He said that the newly opened store at Hong Kong International Airport is the brand’s fourth outlet worldwide and first outside Singapore. Luvenus has been recognised for its quality service and has received several awards from Singapore’s Changi Airport.

    “Hong Kong is a major tourist and business travel destination for both Mainland and international visitors. Having a retail outlet at Hong Kong International Airport is part of our strategic plan for expansion into the Mainland. We will be using Hong Kong as our regional base from which to grow our business and better serve the needs of our customers,” he added. Luvenus Jewellery hopes to expand further in Hong Kong and the Mainland market and would consider various models including franchising.

    Associate Director-General of Investment Promotion Dr Jimmy Chiang said, “Hong Kong International Airport is one of the world’s busiest airports in terms of international passenger traffic. It is an excellent showcase for retailers. I wish Luvenus Jewellery every success in our city and look forward to its continued expansion from Hong Kong.”

  • Singtel, Ericsson demonstrate LAA on live 4G network

    Singtel, Ericsson demonstrate LAA on live 4G network

    Singtel and Ericsson announced they have completed a live trial of pre-standard License Assisted Access (LAA) technology on Singtel’s network.

    The trial in an office building at Serangoon North involved a 20 MHz block of licensed 1800-MHz spectrum, augmented with 20 MHz in the unlicensed 5-GHz band.

    A stationary live test achieved an LTE LAA throughput of 275 Mbps, while a second test demonstrated LAA’s ability to co-exist with Wi-Fi signals without degrading the Wi-Fi user experience.

    The trial also involved coverage testing to validate the technology’s ability to improve link performance, coverage and medium access control compared to Wi-Fi access points.

    Announcing the results, Singtel said the testing showcases the potential for LAA to improve network capacity for mobile customers, in a market where nearly 85% of mobile traffic is generated indoors.

    Due to the success of the trial the operator plans to progressively deploy LAA technology in Singapore over a two-year period starting in the first half of 2017, as part of efforts to evolve its networks in preparation for the introduction of 5G.

    The company said in the future, customers with LAA-capable handsets will be provided with peak download throughput of up to 450 Mbps.

    “To provide our customers with a superior mobile experience when they are indoors, we are continuing to invest in new technologies that will increase indoor 4G speeds,” Singtel managing director of networks consumer Singapore Tay Yeow Lian said.

    “We are pleased to be the first in Singapore to showcase LAA technology live. This is an integral part of the LTE-Advanced evolution and will bring us one step closer to our 5G goals.”

  • Singapore’s StarHub to triple LTE upload speeds

    Singapore’s StarHub to triple LTE upload speeds

    Singapore’s StarHub plans to start rolling out carrier aggregation and 64 quadrature amplitude modulation (QAM) technology by the end of the year to triple peak upload speeds to 150Mbps.

    The operator recently completed a trial of the technologies with Nokia, aggregating spectrum in the 1800-MHz and 2600-MHz bands.

    Following the successful tests, StarHub plans to start deploying the technology starting in the Marina Bay and Orchard areas in time for the city’s year-end celebrations. A nationwide rollout is planned for 2017.

    “The ability to upload quickly is fast becoming a necessity for our mobile customers. In fact, we saw a close to 50% increase in upload traffic year-on-year, as customers increasingly share high definition videos and photos instantly with the world,” StarHub CTO Mock Pak Lum said.

    “Collaborating with technology partners such as Nokia, we are driving innovation in 4G for the benefit of our customers amid continued growth in mobile data use.”

    Nokia head of Asia South Nicolas Bouverot added that the vendor is “committed to supporting StarHub in its quest to deliver a world-class service experience to its customers. Our technologies will enable the operator to improve the upload and download speeds of its 4G network even at peak traffic times to enrich the user experience.”

  • Fei Fah Novelty Food to open first flagship retail store and cafe 155 South Bridge

    Fei Fah Novelty Food to open first flagship retail store and cafe 155 South Bridge

    “A woman teared (up) when she tried our mooncake at the Hong Kong Food Expo,” recalled Lawrence Lau, the chief executive officer and managing director of Fei Fah International Group, which produces Chui Lau Heung mooncakes.

    That was when he realised how similar the food business is to his family’s traditional trade, said the 50-year-old, third-generation owner of Fei Fah, which started out as a medical hall on South Bridge Road and continues to produce medicinal balms under the brand, Fei Fah Medical. He explained that his grandfather had started the medical hall with the intention of providing for his family. “But once he sorted out his finances, he took up skills as a Chinese physician to help lessen the suffering of others and make them happy.

    “Food does the same thing: I might not be lessening your pain but I am creating joy and happiness through good taste. I am creating bonding experiences between people by selling a product that they can share and enjoy.”

    Lau entered the food business by chance, when he was looking to diversify the family business. “Our Hong Kong office for the medical business was bleeding and I was looking for a breakthrough to turn things around.” It was then that he met a durian mooncake manufacturer in Singapore, who was seeking partners to help export the confection. This led to the creation of Chui Lau Heung mooncakes in 2003 and the subsequent inception of Fei Fah Novelty Food in 2005. “It was challenging understanding the product, learning about food storage, logistics, and how to market the product in Hong Kong,” he said. It was a bold move given the small market in Hong Kong, as few as two out of 10 consumers were receptive to durian. But the company decided to enter the market anyway, said Lau. The subsequent rise of budget airlines made travelling to Singapore and Malaysia affordable for those in Hong Kong and around the South China Sea. This meant more of them were spending time on our shores and getting acquainted with local flavours. “And with durian, once they tried it, they went nuts over it. Today, 70 per cent of Hong Kongers are not put off by durians and demand is so much higher. In fact we are seeing demand also from mainland China, and that is a huge market,” he added. Chui Lau Heung is currently one of Hong Kong’s top five selling mooncake brands.

    When Fei Fah Novelty Food’s first flagship retail store and cafe 155 South Bridge opens at Pagoda Street on August 1, Singaporeans will finally get a chance to taste this homegrown product that is sold across continents, from Hong Kong, Macau and Guangzhou, to Los Angeles, San Francisco, San Jose, Seattle, Houston, Honolulu, New York, and Chicago, to Toronto, Calgary, Edmonton, Montreal and Vancouver.

    Look out for their new offering of crystal durian mini mooncake — the brand’s 2016 creation that features a creamy mix of D24 and Mao Shan Wang durian filling encased in a tender, see-through crystal skin. The novelty mooncake is made to resemble a faceted jewel. Lau shared that the idea was conceived in November last year, and that it took a long time for his master chef to perfect the recipe, as creating the crystal skin proved more challenging than anybody had thought. While not revealing numbers, Lau said that quantities are limited and stocks for this mooncake will not be replenished once they are sold. The crystal mooncakes are already available for early bird orders in Hong Kong, Macau and the United States.

    Apart from the mooncakes, the shop and cafe spanning two levels will showcase products under Fei Fah Novelty Food, which includes items such as durian honey and fish bak kuah, and also those from Fei Fah Medical, such as traditional balms and medical oils. Koh Yuen Lin

  • Singapore retail rent decline worsens

    Singapore retail rent decline worsens

    The Singapore retail rent decline gathered pace in the last quarter according to data from Edmund Tie & Company.

    In the second quarter, retail rents across the board fell by 3.9 per cent quarter-quarter.  That was double the 1.9 per cent decline of the preceding quarter.

    Amid weaker demand, occupancy levels also dipped, falling by 0.5 percentage points quarter-on-quarter to 92.2 per cent.

    “In light of declining rents, several established retailers have taken – or are taking – advantage of the lower rents to reinforce their brand presence in Singapore through flagship stores,” the company’s quarterly review said.

    These include:

    • Choo Yilin at Mandarin Gallery.
    • HP at Marina Square.
    • Christian Dada at 268 Orchard.
    • Victoria’s Secret at Mandarin Gallery.
    • Uniqlo at Orchard Central.
    • Michael Kors at Mandarin Gallery.

    victoria secret

    “As the sector undergoes bouts of restructuring, retailers are also constantly reinventing themselves to reach out to the rising number of technological-savvy consumers. This includes the recent launch of digital wallets (eg: Apple Pay, Samsung Pay, Android Pay) which a string of established retailers have adopted, including Starbucks, Uniqlo, NTUC FairPrice and Cold Storage.”

    Headquartered in Singapore and supported by offices in Kuala Lumpur and Bangkok, Edmund Tie & Company is an established real-estate consulting firm that operates across Malaysia, Thailand and other countries in Southeast Asia.

  • Epicentre Asia raises cash for expansion

    Epicentre Asia raises cash for expansion

    Apple products retailer Epicentre Asia plans to raise S$11.45 million (US$8.44 million) by issuing 45.8 million private shares to new buyers.

    KGI Fraser Securities is the placement agent for the issue, with the price being not be less than 25 cents per new share. These placement shares represent 49.1 per cent of the current
    share capital of Epicentre.

    Epicentre has five stores in Singapore, including two on Orchard Rd which could be expected to take a big hit in turnover terms when Singapore’s first Apple Store opens later this year. It has six stores in Malaysia and also sells online.

    Half of the net proceeds raised by the share issue will be used to support business development and provide liquidity for expansion. The rest will be deployed for general working capital purposes, the company says.

    Earlier this year, Epicentre raised $1 million on debt crowd-finance platform MoolahSense, and the company says this debt will be repaid through the sale of merchandise.

  • CapitaLand Mall Trust overcomes ‘soft’ retail market

    CapitaLand Mall Trust overcomes ‘soft’ retail market

    CapitaLand Mall Trust (CMT) has overcome what it describes as a “soft” Singapore retail market to increase its profit and distribution.

    A 3.7 per cent increase in distributable income to S$193.9 million (US$143 million) for the first half-year coincides with a second quarter distributable income of S$97.1 million, a 3.3 per cent increase over the $94 million for the same period last year.

    “Despite a soft retail market, CMT continued to produce steady operational results in the first half,” says CMTML CEO Wilson Tan. “Backed by our portfolio of well-located shopping malls and extensive network of retailers, CMT had year-on-year increases of 3.6 and 2.3 per cent in shopper traffic and tenants’ sales per square foot respectively.

    “As at June 30, portfolio occupancy remained high at 97.9 per cent.”

    CMT’s Funan DigitaLife Mall, which closed from July 1, will undergo a three year redevelopment to become a lifestyle destination in the revitalised Civic and Cultural District, says Tan. Scheduled to be ready in the fourth quarter of 2019, the integrated development will include retail, office and serviced residences. The mall redevelopment is expected to achieve a return on investment of 6.5 per cent.

    For the second quarter, CMT registered higher gross revenue and net property income (NPI) of 7.1 and 6 per cent respectively year-on-year, mainly through a contribution of $14.5 million to gross revenue from Bedok Mall, acquired on October 1, and higher rental revenue from IMM Building, Tampines Mall and Bukit Panjang Plaza after asset enhancement.

    This was partially offset by the divestment of Rivervale Mall in December and lower gross revenue from Funan DigitaLife Mall.

  • Store roll-out boosts Starbucks Asia

    Store roll-out boosts Starbucks Asia

    A massive Starbucks Asia store roll-out has boosted the global coffee company’s third quarter results.

    Across China and the Asia-Pacific region, Starbucks opened 888 new stores in the first nine months of the current financial year. That helped lift revenues by 18 per cent in the region.

    However, underlying same-store sales were a far more modest 3 per cent up on the same quarter last year.

    “The concern is that some of this is related to a general slowdown in China which, if part of a longer term trend, could harm company earnings,’ observed retail analyst Neil Saunders, CEO of Conlumino.

    The company’s Channel Development division – which encompasses the sale of Starbucks branded products in grocers and other stores- also posted positive numbers, with revenues rising 9 per cent. This was aided by strong sales of single-serve Starbucks products following a new agreement with Keurig Green Mountain to push branded K-Cups into more channels. A new partnership with Nespresso to launch Starbucks-branded pods should provided a further uplift to this division in the quarters ahead.

    “Unfortunately, the stronger performances in Asia and in the Channel Development Segment were not enough to offset the weakness in the Americas, which remains larger than all other divisions combined,” said Saunders.

    “And therein lies the forward issue for Starbucks: it has to increase momentum in this part of its business if it is to get back into high growth territory and if it is to avoid a future squeeze on profits.”

    Globally, Starbucks seemed to lose momentum in the third quarter, with overall growth slowing to 7 per cent and global same-store growth moderating to 4 per cent – both below forecast.

    “Worryingly, the slowdown took hold across all regions with even the Americas division, which usually puts in a fairly robust performance, posting a lacklustre same-store increase of 4 per cent. The fact that the company appears to have run out of steam somewhat overshadows its nonetheless impressive achievement of breaking the $1 billion operating income barrier for the first time in a non-holiday quarter.”

  • End of the Line for Singapore Investors

    End of the Line for Singapore Investors

    This is where shareholders in Singapore’s subway network get off. And it doesn’t matter if some of them can’t quite see the platform. Leaving people stranded has become a hallmark of their company’s operations in recent years. Like back in January 2008, and then twice over three days in December 2011 when two passengers fainted, and again in July last year.

    Decent Ride

    Singapore subway operator SMRT has returned almost 600% since the SARS epidemic of 2003. But the ride is over. State investment firm Temasek, which owns 54 percent of SMRT, has offered S$1.68 ($1.24) to buy out the remaining shares. Minority shareholders should be grateful for the 8.7 percent premium over the last closing price. Considering the island’s transport regulator is taking away SMRT’s trains and signaling system for S$991 million ($730 million), which — after paying taxes and retiring debt — won’t even leave enough for a special dividend, the rump isn’t worth much more.

    Besides, as Smartkarma strategist Crispin Francis notes, the Land Transport Authority’s nationalization plan will see SMRT having to share with the government the outsize profit margin of about 60 percent it earns from rental income and advertising. That would be in exchange for a boost to the profitability of its core rail operation business, from a measly 1.1 percent to a more respectable 5 percent. Hardly a sweetheart deal.

    Temasek, though, should still come out okay. It owns 41 percent of the nation’s largest property developer CapitaLand, 25 percent of retailer A.S. Watson, and all of MediaCorp., the Singapore broadcaster with a large outdoor advertising arm.

    As Singapore upgrades its rail network to close the gap with Hong Kong, the value of the city-state’s droopy residential property could get a lift; there would be more underground locations for retail; and plenty of new walls for LCD displays. Temasek will indirectly reclaim at least some of what SMRT’s other shareholders will lose from nationalization. Since a part of Temasek’s returns are used to finance the government’s budget, this will complete a virtuous cycle.

    Maintaining the status quo would have created a vicious cycle. Private capital is loath to finance massive investments from which gains are likely to be so diffuse they can only be captured by a government or large, diversified investor such as Temasek. So while it’s been a good ride for SMRT shareholders, it’s time they got off. They can use the S$1.68 they’re getting for their shares to hail a ride home.

    *Originally posted at Bloomberg.

    To contact the editor responsible for this story:
    Katrina Nicholas at knicholas2@bloomberg.net

  • Turnover falls for Sa Sa International

    Turnover falls for Sa Sa International

    Sa Sa sales are slowing, despite an improvement in Mainland Chinese visitor numbers.

    Retail and wholesale turnover for cosmetics retailer Sa Sa International Holdings fell by 5.7 per cent for the first quarter to June 30, according to unaudited data.

    Turnover dropped 5.4 per cent to HK$1384.9 million (US$178.585 million) in the Hong Kong and Macau markets, while same-store sales decreased by 4.8 per cent. While there were only slightly fewer transactions, their average value fell 5.7 per cent.

    In other markets, including China, Malaysia, Singapore and Taiwan as well as Sasa.com, retail and wholesale turnover dropped 7 per cent to HK$1717.1 million for the quarter.

    While still in decline, the group’s retail sales in Hong Kong and Macau recorded a notable improvement compared to the last quarter of the last financial year, the company attributing this to traffic growth of 2.7 per cent among mainland customers.

    “Their consumption continued to be on the weaker side, with spending declining by 6.4 per cent per transaction. Local consumption sentiment remained sluggish,” says the company.

    Improved sales performances were partially because of the group’s efforts to adjust product offerings to meet market demand.

    As at June 30, the company had 112 stores in Hong Kong and Macau, a drop of one from the start of the quarter. At 55, there were two fewer stores on the mainland, Singapore was steady at 23 stores, Malaysia’s 67 stores included had one more outlet, and Taiwan also lost a store for a total of 31. Overall, the company had 288 stores, down from 291.

    Sales performance during the period was affected by a series of factors, says the company, so the data for the period may not be able to reflect the overall performance of the reporting period.

  • M1 profit falls 7.2% in H1

    M1 profit falls 7.2% in H1

    Singapore’s M1 has reported a 7.2% year-on-year decline in net profit for the six months ended in June, partly as a result of a 44% slump in handset sales.

    The operator reported a net profit of S$83.5 million ($61.8 million), on the back of flat revenue of S$407.3 million.

    While M1 added 14,000 postpaid and 24,000 prepaid customers during the six month period, bringing its total mobile customer base to 1.98 million, total handset sales fell to S$91 million. For the second quarter, handset sales declined by 50% year-on-year to S$36 million.

    Mobile data’s contribution to total revenue increased by 9.1 percentage points to 54%, with average postpaid mobile data usage growing by 100MB year-on-year to 3.3GB.

    On the fixed line front, service revenue grew 26.7% to S$50 million, or 12.3% of service revenue. M1 added 9,000 residential and corporate fiber customers in the first half, bringing its base to 145,000.

    Based on the current economic outlook, M1 announced that it now expects a single-digit decline in net profit for the full year 2016.

    “We are investing in new technologies and capabilities, and building up a portfolio of digital solutions to enhance our service propositions and cater to changing customer needs,” M1 CEO Karen Kooi commented.

    “While expenditure is incurred upfront, meaningful contribution will only be upon achieving scale in service adoption over future years.”

  • Real Singapore retail sales continue to decline

    Real Singapore retail sales continue to decline

    Real Singapore retail sales in May rose on April’s figures – but remain down year-on-year.

    According to Statistics Singapore, total retail sales (seasonally adjusted) increased 1.4 per cent in May 2016 over April. Excluding motor vehicles, retail sales increased an even better 2.3 per cent.

    But compared to May 2015, retail sales decreased 3.3 per cent after removing motor vehicle sales from the data. Including vehicles, total sales rose 3 per cent year-on-year.

    After seasonal adjustment, retail sales of watches & jewellery, furniture & household equipment, food & beverages, optical goods & books, department stores, apparel & footwear, medical goods & toiletries and petrol stations increased between 0.8 per cent and 6.5 per cent in May 2016 compared to April.

    Retail sale SG May 16

    In contrast, retail sales of recreational goods, mini-marts & convenience stores, phones & computers and supermarkets decreased by between 0.4 per cent and 6.3 per cent in May over April 2016.

    Year-on-year, retail sales of furniture & household equipment and medical goods & toiletries grew by 3.1 per cent and 1.9 per cent respectively.

    Conversely, retail sales of phones & computers and petrol service stations declined 17.3 per cent and 14.9 per cent respectively. Sales of recreational goods, optical goods & books, watches & jewellery, food & beverages, supermarkets, mini-marts & convenience stores, apparel & footwear and department stores also fee, by between 1.9 per cent and 8.7 per cent. .

    The total retail sales value in May 2016 was estimated at $3.7 billion, higher than the $3.6 billion in May 2015.

    Food & beverage service sales

    Retail sale SG FnB May 16

    Sales of food & beverage services (seasonally adjusted) increased 0.9 per cent in May over April.

    Compared to May last year, sales of food & beverage services increased 0.7 per cent.

    The total sales value of food & beverage services in May 2016 was estimated at $690 million, higher than the $685 million in May 2015.

    Year-on-year, sales by ‘other’ eating places grew by 6.7 per cent and by fast food outlets by 1 per cent.

    However, turnover of food caterers decreased 3.7, and of restaurants by 3.6 per cent.