SINGAPORE Post (SingPost) is eyeing a 50 to 60 per cent slice of the domestic e-commerce delivery pie, after seeing its share improve from 20 to about 46 per cent in the last two years. Paul Coutts, chief executive officer of the mainboard-listed postal service provider, did not specify a time-frame to reach the target. […]
Read MoreDESPITE the threat from online shopping, it is not all gloom at Singapore’s retail scene with some landlords continuing to invest and upgrade malls. That is because online shopping – while growing – remains low at just 6.1 per cent of overall retail sales, going by October’s retail sales data released by the Department of […]
Read MorePRICES of private homes in Singapore are expected to show modest growth over the next two years, riding on macro-prudential measures and stable mortgage performance, anchored by strong household finances. This is according to the latest findings from Fitch Rating’s Global Housing and Mortgage Outlook report. Overall, the rating agency expects nominal home price growth […]
Read MoreSINGAPORE’S non-oil exports continued to contract in November as a result of shrinking electronic exports, which outpaced the growth of other exports like gold and non-electric engines and motors. Non-oil domestic exports (NODX) fell 5.9 per cent year on year in November, extending October’s 12.5 per cent fall, according to data released by Enterprise Singapore […]
Read MoreSINGAPORE’S private housing market is poised for modest price growth next year, amid a resilient leasing market. However, developers are expected to continue being challenged by the significant supply of unsold private housing units in the pipeline although, by some estimates, the oversupply could ease by the end of 2021. Data from the Urban Redevelopment […]
Read MoreRETAIL sales fell for the ninth straight month in October, coming in below market expectations, even as, in a blow to demand outlook, separate government data showed signs of a weaker labour market. Stores in Singapore rang up S$3.6 billion in sales, down by 4.3 per cent year on year, the Department of Statistics said […]
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