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Tag: business

Posted on 24/03/2025

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.

Posted on 24/03/2025

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.

Posted on 24/03/2025

DFI up 5.8% on sale of Singapore food business

SINGAPORE] Shares of DFI Retail Group jumped on Monday (Mar 24) after the supermarket and retail store operator announced its divestment of its Singapore food business. Read more at The Business Times ...

Posted on 24/03/2025

ICA & HSA Seize E-Vaporisers Worth Over S$200,000 in Singapore in 2 Cases

Singapore prohibits vaping, and since February 2018, the country has prohibited the purchase, use, and possession of e-vaporizers and associated goods.

Posted on 24/03/2025

Giant deal: Malaysian company to acquire Cold Storage and Giant supermarket chains in Singapore

All Cold Storage and Giant supermarket outlets in Singapore will be sold to Malaysian retail group, Macrovalue, in an acquisition deal worth $125 million. The Singapore-listed DFI Retail Group, which ...

Posted on 24/03/2025

Singapore to double down on trade, international cooperation, amid maritime sector headwinds: SM Lee

SINGAPORE] Rather than turn away from trade and partnerships, Singapore must double down and stay open by supporting international cooperation, strengthening itself as a regional and global hub, and ...

Posted on 24/03/2025

Confidence among small businesses in Singapore rises

Business sentiment among small businesses in Singapore reached a five-year high in 2024, with a positive outlook expected to continue into 2025. Cybersecurity health improved. Sharp decline in ...

Posted on 23/03/2025

China’s fuel oil imports rise as traders rush deliveries amid tax policy changes

China's fuel oil imports rose 6.8% in the first two months of 2025 from the same period last year, data showed on Thursday, as traders rushed to deliver the shipments booked ahead of an increase in ...

Posted on 22/03/2025

Singapore businesses struggle to reskill workforce amid AI transformation

SINGAPORE: Singapore businesses are facing a pressing challenge—not a lack of talent, but the ability to reskill employees quickly enough to keep pace with ev ...

Posted on 22/03/2025

Rain check: Monsoon soaks Singapore, disrupts travel, business and leisure

A relentless monsoon surge has drenched Singapore since Wednesday, bringing widespread disruptions to businesses, outdoor activities, and travel. According to The Straits Times (ST), the heavy ...

Posted on 22/03/2025

State of independence: How Singapore grew into a global maritime powerhouse

Singapore will mark 60 years of independence on 9 August, a journey that has transformed it from a colonial trading port into a global economic powerhouse. This evolution is also mirrored in the ...

Posted on 21/03/2025

Two men fined more than S$1mil each for skirting duties on 15,820 bottles of alcohol

SINGAPORE: Two men schemed to avoid the payment of duties on alcohol meant for export by removing some bottles from shipping containers and replacing them with cheaper beer.

Posted on 21/03/2025

Singapore oil trader jailed for facilitating commercial fuel export to North Korea

The oil broker, Justin Low Eng Yeow, later agreed to help procure gasoil, a type of commercial fuel, for another client in a deal that Kwek Kee Seng, the ship agent, had brokered. Both Low, 56, and ...

Posted on 21/03/2025

Three-quarters of senior execs in Singapore flag worries about financial crime risks in 2025: Report

Cyber-security threats and the use of AI will fuel the next wave of financial crime, said survey. Read more at straitstimes.com.

Posted on 21/03/2025

Singapore demands urgent action from businesses on climate transition, driven by politics, economics, and nature

SINGAPORE: As the world faces increasingly severe climate disruptions and the inevitability of stringent carbon regulations, businesses are being urged to proac ...

Posted on 21/03/2025

Three quarters of senior executives in Singapore flag worries about financial crime risks in 2025: Report

Cybersecurity threats and the use of AI will fuel the next wave of financial crime. Read more at straitstimes.com.

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