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Singapore duty-free job cuts expose sensitivity

SINGAPORE: DFS Group Ltd’s job cuts in Singapore have prompted a rebuke from the city-state’s authorities, shining a spotlight on how handling retrenchments are a delicate matter in the country that is anticipating elections soon. The duty-free operator last week formally terminated jobs of its airport workers, effective in June when it exits selling alcohol […]

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E-commerce and logistics sector tops warehouse occupancy in Singapore: Colliers

THE e-commerce and logistics sector accounted for 44 per cent – the biggest chunk – of occupied warehouse space in Singapore, according to a Colliers International report on Thursday. The third-party logistics (3PL) and logistics sector comprise e-commerce firms, freight forwarders, transport agents, supply chain and logistics support companies, delivery services and storage services. Other warehouse […]

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Singapore private home prices up 0.9% in Q3: URA flash data

DESPITE Singapore’s economic slowdown and downside risks ahead, private home prices rose for the second consecutive quarter, with at least one analyst saying this might prompt the government to respond with more cooling measures. The Urban Redevelopment Authority’s (URA) flash estimate for the third quarter of 2019 shows that its overall price index for private […]

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