SINGAPORE] Supermarket and retail store operator DFI Retail Group on Monday (Mar 24) explained why it did not announce the divestment of its Singapore food business on the Singapore Exchange (SGX).
Singapore Focuses on Growth with New Tax Incentives for Investors
Opinion: Crowe's Sivakumar Saravan says multinational enterprises should assess the range of opportunities offered by the new corporate tax measures in Singapore's 2025 budget.
1.3% dip in Singapore factory output despite high growth expectations
SINGAPORE - Factory production in Singapore fell in February, breaking a seven-month rising streak, after the biomedical and electronics clusters contracted year-on-year. Total output decreased 1.3 ...
Singapore Manufacturing Output Falls Sharply in February Amid Weak Biomedical Demand
Singapores manufacturing sector unexpectedly contracted in February, with output falling 1.3% year-on-year, defying forecasts of a 7% increase, according to data from the Singapore Economic ...
Budget 2025 leaves no Singaporean behind in 60th year of independence
The Government’s spending plan for the country's 60th year of independence was a “Budget for all Singaporeans”. Read more at straitstimes.com.
Singapore’s incentives for electric heavy vehicle will kickstart adoption, but timing a concern: industry players
Charger and vehicle subsidies effective for most heavy vehicles, but 2026 starting date will mean slow sales in 2025 ...
Singapore, Vietnam businesses ink agreements in areas such as electricity trade, QR payments
HANOI] Singapore and Vietnam on Wednesday (Mar 26) exchanged five agreements on cooperation in areas such as cross-border electricity trade and QR payments, in a ceremony witnessed by Prime Minister ...
Macrovalue’s S$125m bet: Why Singapore Cold Storage and Giant are worth every cent, say new Malaysian owner
DFI Retail Group’s decision to divest its Singapore supermarket business has paved the way for Malaysia’s Macrovalue to expand its presence in the sector in the island nation. The privately owned firm ...
New Cold Storage, Giant owners say $125m price tag fully reflects value of the business
SINGAPORE - Although DFI Retail Group has decided to offload its Singapore supermarket business to focus on other more lucrative businesses, the new owners of Cold Storage and Giant see new ...
Average growth of 8% a year in last decade by Singapore’s general insurance sector
SINGAPORE] The Republic’s general insurance sector has grown at an average annual rate of around 8 per cent in the last decade, reflecting its consistent performance and resilience over the long term, ...
Cold Storage, Giant acquisition: Supermarkets in Singapore still profitable despite stiff competition, analysts say
Malaysian retail group Macrovalue has acquired Singapore's Cold Storage and Giant supermarket chains for S$125 million.
Indonesian business class passenger jailed for exposing himself to Singapore Airlines flight attendant
An Indonesian man has been sentenced to three weeks in jail for exposing himself to a female flight attendant on a Singapore Airlines flight.
Singapore’s growth requires more land and people
Automation and investment in technology provide a pathway to growth but Singapore’s aging workforce must be retrained to ensure success.
Singapore Cold Storage, Giant customers can expect cheaper products, more variety after takeover, Malaysian buyer says
SINGAPORE: Customers of Cold Storage and Giant can expect more value for money, a greater variety of merchandise and new outlets following the sale of the supermarket chains to Malaysian retail group ...
Singapore shares rise on Monday; STI up 0.3%
Top gainer on the STI was DFI Retail Group; biggest loser was Yangzijiang Shipbuilding. Read more at straitstimes.com.
All Cold Storage, Giant outlets in Singapore to be sold to Malaysian group for $125m
Current owner DFI Retail Group will focus on its Guardian pharmacy and 7-Eleven convenience store businesses in Singapore. Read more at straitstimes.com.