SINGAPORE – CapitaLand said it will be launching an e-commerce platform eCapitaMall and an online food ordering platform Capita3Eats to complement sales at its shopping malls here, Singapore’s biggest retail landlord said on Friday (May 22). The move is aimed at driving sales for retailers during Singapore’s phase one reopening of businesses and beyond, the company said. […]
Read MoreSINGAPORE – More restaurants and eateries in Singapore will shut their doors if dining-in restrictions are extended past the circuit breaker period, according to a survey by online restaurant reservation platform Chope out on Wednesday (May 20). The survey reported that 42 per cent of restaurants, or about two in five, said they would not be able to operate […]
Read MoreSINGAPORE – Employers who need to lay off staff during this Covid-19 pandemic should provide retrenchment benefits according to their financial position, and should treat their employees with “empathy and dignity”, said the Ministry of Manpower (MOM) on Wednesday (May 20). Companies that are in sound financial position should pay out the benefits agreed on […]
Read MoreIndonesia and Singapore currently dominate the venture capital (VC) fundraising in Southeast Asia, despite a slower pace of capital raising in the first quarter this year. Indonesia raised US$161 million in the first quarter while Singapore leads with $865 million over the same period, according to a recent report by Deal Street Asia. No closes […]
Read MoreSINGAPORE – Bank customers are increasingly going online to invest in the wake of social distancing measures that are keeping them out of branches. DBS Bank, OCBC Bank and United Overseas Bank (UOB) noted that more people are opening accounts that they can use for digital investing and using robo-advisory services in greater numbers. The monthly […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Uber will be moving its Asia-Pacific headquarters out of Singapore in the next 12 months as the Covid-19 outbreak continues to rattle its business. The Asia-Pacific hub will be relocated to another place in the region. The US-based firm will also lay off about 3,000 more people globally and stop some of […]
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