Singapore

Singapore fashion and lifestyle conglomerate iFashion Group has launched MegaX (MGX), a new digital token, to go on sale from 17 October 2017.

Hypermarket and retailer chain Giant launched VendMart in Singapore yesterday – a cluster of 17 vending machines offering a wide range of products and food.

Singapore Management University (SMU) officially launched the Retail Centre of Excellence (RCoE) yesterday.

Although growth in large grocery formats are coming under pressure, large formats still have a key role to play in shaping the future of modern trade in Asia over the next five years.

The leading vendors identified by Technavio are expected to impact the market in the next five years.

Three in four merchants in Southeast Asia currently do not screen mobile fraud even though 91.5% of merchants surveyed feel that mobile fraud is riskier than online fraud, according to the CyberSource Online Fraud Benchmark Report – 2016 Southeast Asia Edition.

Building relationships with consumers … 

The role of the smartphone has continuously evolved to become an agent of change, transforming the retail scene profoundly. Muneerah Bee takes a closer look at how the mobile phone is changing the way we shop.

Products based on fair trade principles are the biggest driver of ethical spending, according to findings from the latest Mastercard Ethical Spending and Charitable Giving Survey.

Shopee will be holding its annual shopping event, 9.9 Mobile Shopping Day, on 9 September where a wide range of items will be on sale with discounts up to 90% off, as well as daily giveaways and themed sales in the 9-day lead up to 9.9 Mobile Shopping Day.

Singapore’s first public-listed pawnbroker Maxi-Cash is expanding into the world of e-commerce with the launch of iPAYMENT, eSHOP and online valuation. These three new online services complement its existing business to offer an omni-channel approach to the pawn industry and their customers.

Supply chain software and services provider BluJay Solutions has named Katie Kinraid as general manager of the Asia-Pacific region.

As of 2016, Asia-Pacific had the highest number of mobile Internet connections, smartphone users and the highest rate of mobile shopper penetration worldwide, according to the Asia-Pacific M-Commerce 2017 report by international market research company Research and Markets.

Property management company in Singapore AsiaMalls Management has signed a Memorandum of Understanding (MoU) with technology company Samsung to provide digital display solutions for their retail malls, starting with the soon-to-be revamped Century Square in Tampines.

Visual content solutions, provider Olapic recently announced its strategic expansion in the Asia-Pacific region to help support the growing use of influencer and user-generated content by brands.

AsiaMalls Management, the property manager of Century Square in Singapore, yesterday announced a S$60 million (US$44 million) investment to refurbish the decades-old mid-sized mall located in Tampines.