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.
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 ...
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.
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 ...
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 ...
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 ...
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 ...
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 ...