"They have not been burdened by the kinds of fixed costs that retail establishments face in rentals and overheads, which has made it very difficult for many in the retail sector," says Walter...
In today's paper
DIGITAL BANKS
FROM early 2022, four digital banks will emerge onto Singapore's banking scene. The incumbents are already sounding the battle cry as the Covid-19 crisis marks digital finance as the way forward....
DIGITAL BANKS
GRAB and Singtel's consortium is making cybersecurity a top priority for their digital bank. This comes as the new entity faces increasing expectations to prove to regulators and consumers over...
DIGITAL BANKS
STANCHART Singapore on Friday told The Business Times it is exploring an additional banking licence under the Significantly Rooted Foreign Bank (SRFB) framework in Singapore.
SABANA-ESR MERGER
ACTIVIST unitholders got to work fast after the proposed merger between ESR-Reit and Sabana Reit fell through on Friday.
SINGAPORE RETAIL
THE pandemic may not dampen all aspects of Christmas cheer, with sales of festive food items possibly picking up this year compared to the last, as more customers are home for the holidays, say...
SINGAPORE RETAIL
THE decline in Singapore's retail sales slowed in October, with takings down 8.6 per cent year on year, according to the Singapore Department of Statistics (Singstat) on Friday.
LATEST US DATA
THE US economy added the fewest workers in six months in November, hindered by a resurgence in new Covid-19 cases that, together with a lack of more government relief money, threatens to reverse...
THERE is an ongoing debate about what countries should do to tackle global debt levels that have now soared to a record US$272 trillion as at the end of the third quarter, going by estimates by...
THAILAND'S gross domestic product could underperform next year if tourism remains weak, even as this year's economic performance may beat sharply reduced forecasts, the country's central bank head...
BT HANDSHAKES DATA SERIES
THE Covid-19 crisis has thrown Singapore into its worst recession since independence. But it has also ignited the biggest spark of small business formation in crisis times.
