Supermarket Giants Kill Convenience Stores
Singapore Business Review|June - July 2018

It is an inconvenient time for convenience store operators in Singapore, as they struggle for a share in the market largely dominated by supermarket giants.

Supermarket Giants Kill Convenience Stores

It is an inconvenient time for convenience store operators in Singapore, as they struggle for a share in the market largely dominated by supermarket giants. In April, Dairy Farm announced it was selling more than a dozen 7Eleven stores located in prime locations throughout Singapore, highlighting the growing challenges that convenience stores are facing against larger retailers.

Meanwhile, players such SSG and FairPrice are steadily cementing their dominance in Singapore’s retail scene, biting into the market shares of smaller supermarket players as well as convenience stores. Supermarkets’ share of the market has risen to 52.7% in 2017, from 51.9% in 2016 and 50.4% in 2012, noted John Cheong, analyst at Maybank Kim Eng, citing Euromonitor data.

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Smile API Eases Loan Process
Singapore Business Review

Smile API Eases Loan Process

Financial institutions and lenders rely on credit worthiness to grant loans, but assessing it can be challenging with only employment and payroll information. Smile API addresses this challenge by transforming employment data into credit data.

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Issue 108
Industry Concerns Rise As Accountant Numbers Decline
Singapore Business Review

Industry Concerns Rise As Accountant Numbers Decline

Accounting firms and universities strive to boost the sector's appeal with new roles and education programmes.

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2 minutos  |
Issue 108
New Rule Curbs Biases Against Flexi Work
Singapore Business Review

New Rule Curbs Biases Against Flexi Work

Employers who oppose remote work solely because it deviates from traditional office norms can no longer deny this option to employees and may face consequences for doing so.

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2 minutos  |
Issue 108
Trials Target Better Management Of Treatment-Resistant Depression
Singapore Business Review

Trials Target Better Management Of Treatment-Resistant Depression

Managing treatment-resistant depression (TRD) can take months to years, but Singapore is accelerating the process by embarking on trials of personalised transcranial magnetic stimulation (TMS) specifically tailored for Asian brains.

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Issue 108
Singapore's tech powerhouses triumph at SBR Technology Excellence Awards 2024
Singapore Business Review

Singapore's tech powerhouses triumph at SBR Technology Excellence Awards 2024

In today's digital age, technological innovation is not just a competitive advantage; it is a key driver of progress. Companies that embrace digital disruption and leverage the power of technology are unlocking a world of opportunity, transforming industries, and shaping a more connected future.

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3 minutos  |
Issue 108
InterContinental unveils rain refund package for guests
Singapore Business Review

InterContinental unveils rain refund package for guests

Guests receive a refund for a 1-night room rate if it rains for more than 2 hours during their stay.

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3 minutos  |
Issue 108
New law weaves in work protections and retirement benefits into gig workers' safety net
Singapore Business Review

New law weaves in work protections and retirement benefits into gig workers' safety net

Platform workers will be able to make CPF contributions into their ordinary and special accounts.

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3 minutos  |
Issue 108
Surbana Jurong's new HQ integrates green spaces and smart technology
Singapore Business Review

Surbana Jurong's new HQ integrates green spaces and smart technology

The headquarters features biophilic elements that enhance natural light and air circulation.

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1 min  |
Issue 108
ION Orchard dives into gamification amidst experiential retail demand
Singapore Business Review

ION Orchard dives into gamification amidst experiential retail demand

The mall's in-app augmented reality game offers more than 30 rewards.

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Issue 108
Why Singaporeans are okay with locking away over $4b of their money
Singapore Business Review

Why Singaporeans are okay with locking away over $4b of their money

Customers can only access locked’ money with a physical card or by visiting a branch.

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Issue 108