Singapore
Asian retailers should consider investing in omnichannel experiences to stay relevant
Asian retailers should consider investing in omnichannel experiences to stay relevant
Retailers gearing up for 2020 may have been urged to double down on technology to deliver the elusive optimal customer experience that hits all the right notes across the virtual and physical worlds of commerce. However, even as the expectations of the next generation consumers are at an all-time high thanks to unrelenting tech evangelism, retailers from Singapore to Hong Kong remain divided on differentiating trends from fad and investing in the latest retail tech obsession du jour.
Office rents down 1.5% in Q4 2019
Wanchai/Causeway Bay recorded the largest rental decline.
Causeway Bay retail rents slipped 13.9% in 2019
Some international retailers closed their shops amidst unrest.
Office space withdrawal hits 17-year low in Q4
About 378,000 sqft of office space was affected by withdrawals.
Export volumes contract 7.8% in September
This marks the seventh straight month of decline.
Causeway Bay remains the world's most expensive shopping street in 2019
Rents in Russell Street can go as high as $2,745 psf per year.
F&B sector's jobless rate hit six-year high in Q3
Unemployment levels in consumption and tourism-related segments were at the highest in two years.
Hong Kong fintech YouTrip obtains principal license from Mastercard
This marks them as the first company in Singapore to obtain a prepaid license from Mastercard.
Four mobile networks buy 5G spectrum for $1b
It will take effect on April 2020.
Property sales down for fourth straight month in September
Sale and purchase agreements dropped to 4,090 transactions.
Nearly 2 in 5 fintech employees switched jobs over the year
Consequently, talent acquisition is a challenge for 2 in 3 fintech firms.
Government rejects all bids for Kai Tak site
This is the sixth tender exercise for government land sales to be cancelled since 2014.
Vacancy tax may hit luxury property market hard: JLL
Developers may favour building mass residential units over posh homes.
Hong Kong still the world's third best financial centre
It has the top investment management sector worldwide.
Hongkongers need to spend 10.8 days of income to afford the latest iPhone in 2019: report
This is based on the official price of iPhone 11 Pro 64GB and monthly salary.
HKEX inks sign fintech MOU with Ping An
The deal aims to build Hong Kong’s capital market ecosystems.
Total port cargo rose 4.8% to 69.3 million tonnes in Q2
Tonnage of outward port cargo to Macao skyrocketed 79.2%.
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