On 2 September 2019, BreadTalk announced its acquisition of Food Junction for $80 million to become the third largest food court or coffeeshop player in Singapore with 26 outlets, behind NTUC Foodfare/Kopitiam ...
The impact of the ongoing trade war between China and the US has been felt in 2Q19 results for Singapore technology-related manufacturing companies. Five out of the 12 companies under CGS-CIMB Research’s coverage reported 2Q19 results that came in below analysts’ expectations while only four companies managed to beat expectations. With no end in sight, the trade war is making itself felt in the form of uncertainty and/or delays in customers’ plans while analysts also opined the impact of the escalating trade war will likely to continue into 2H19.
From the high of 3407.02 on 29 April to 3,126.09 on 15 August, the STI lost 8.3 percent on rekindled fears of a global slowdown stemming from the US-China trade war.
These days, it is extremely tough being a food and beverage (F&B) vendor in Singapore due to increasing rental, labour and raw materials cost pressures. In this cut-throat environment, turnaround of stallholders are rife, resulting in lesser visibility and operational uncertainty.
The introduction of Formula One Singapore Grand Prix since 2008 and the opening of two integrated resorts in 2010 have transformed the tourism landscape in Singapore. Since then, tourism has become one of the key economic pillars and currently contributes four percent to lion city’s gross domestic product (GDP).
Not only is Singapore a thriving business hub for foreign investors, it is also a tourist hotspot for foodies. Many travellers come to the Lion City to indulge in some iconic national dishes while taking in the city lights of Singapore. If travellers are looking for the must-try local delicacies when coming to Singapore, it is hard to look past a piping hot pot of chili crab.
It’s hard to imagine a city running out of water in modern times, but it could happen. Chennai, India is the latest city to have almost run out of water as the main reserve is drying up. Not long ago, Cape Town, South Africa also nearly became the first city to run out of water in early 2018.
After the last trade talks fell apart in May 2019, US President Donald Trump and China’s President Xi Jinping finally agreed to revive talks after speaking to each other at the G20 summit in Japan. Trump agreed to hold off from imposing the additional 25 percent tariff on $300 billion worth of Chinese goods and ease certain restrictions on tech company Huawei. As a gesture of goodwill, China agreed to make unspecified new purchases of US agricultural products.
Singaporeans must be familiar with “Ah Boys to Men” that first made its debut in 2012. The series of army-related movies is a local box-office hit that was the highest-grossing film that raked in four times its $3 million production budget. The film was co-produced by mm2 Asia (mm2) and renowned local film director Jack Neo.
Water is indispensable to all living things. It is one of the few major building blocks for life to exist. While water cover more than 70 percent of Earth’s surface, the oceans make up approximately 97 percent with large glaciers consisting of another two percent, leaving a meagre one percent of freshwater for all sustenance.