Singapore Business Review - Issue 100

In this issue

This issue highlights the latest industry trends in the retail and finance sectors in the increasingly digitalised world. More artists are jumping into the NFT space with their minted artworks, allowing them to get revenue for resold artworks, unlike traditional physical art.

Top Singaporean banks are hiring more women in executive positions, showing progress in closing the gender gap in the banking industry. In insurance, longer life is a potential financial nightmare for Singaporeans with the prevalence of uninsured retirees.

This issue also features the companies that won the most recent SBR Technology Excellence Awards, International Business Awards, and National Business Awards. Innovative projects are recognised at the SBR Technology Excellence Awards – see the full list of winners on page 36.
Stellar companies are lauded at the SBR International Business Awards and National Business Awards on page 64. Finally, get to know Malaysia’s latest industry innovators at the Malaysia Technology Excellence Awards, International Business Awards and National Business Awards on page 80.

Congratulations to all the winners. Read on and enjoy!

How Amazon alleviates SMEs’ delivery woes

Singaporean sellers on Amazon increased 45% between 2019 and 2021

2 mins

Singapore power sector’s 2050 net zero target is ‘realistic’: experts

Transformational changes will be needed in the country’s energy value chain

2 mins

SG overtakes China as top startup ecosystem in Asia-Pacific

Globally, Singapore ranks 7th in the Global Startup Ecosystem Index 2022

1 min

Four ways the LTA plans to cut carbon emissions

LTA aims to have a 100% cleaner energy bus fleet by 2040

2 mins

The worst may be over for prime retail rents, retailers remain cautious

New additions in Orchard

2 mins

Stricter working permit system a challenge for employers

Starting September, foreign workers will be subject to increased scrutiny under the upgraded EP application system.

3 mins

Two is better than one: Wealthbeing by AIA for High Net Worth Individuals

AIA Singapore pairs wealth and well-being together for ‘Wealthbeing’

3 mins

Foreigners and firms face tougher scrutiny under new EP application policy

Applicants will now need to pass a points-based evaluation and meet a higher qualifying salary.

3 mins

Online buyers experience ‘shopper fatigue’ from frequent mega sales days

Experts warn that this is triggered by frequent large-scale shopping events.

4 mins

Singapore’s ‘destination office’ marks the new return-to-work normal

Cushman & Wakefield’s new 11,400-sqft office exudes the same vibe as Singapore’s best bars.

3 mins

Cooling measures gloom Singapore’s private residential market outlook

Private residential transactions may decline up to 29% YoY in 2022.

3 mins

Singapore bank rankings reveal new hires surged by 5.8% in 2022

The banks’ rankings saw some slight shuffle as some banks reported lower numbers.

5 mins

Longer life spans causing financial stress for Singaporean retirees

This is the case for more than half of uninsured retirees in the country.

2 mins

Fairmart increases stores’ online traffic

Retailers can use Fairmart’s software to automatically digitise their inventory.

4 mins

A brand new canvas: Why more artists are jumping into the NFT space

Entering the space allows an artist to earn more through royalties each time their art sells.

5 mins

Yup.gg can help gamers level up in the industry

Want to be the next Ninja or PewDiePie? Yup.gg CEO Raiford Cockfield III said his team’s goal is to professionalise all gamers.

3 mins

Comfortable office furniture must not cost ‘silly money’: ErgoTune and EverDesk+

The Singapore brands brought ergonomic chairs and desks to overseas markets with prices starting at $399 and $599, respectively – with the help of e-commerce aggregator Una Brands.

3 mins

Fragrances overtake lipsticks as top beauty product

Replacing lip products, scents topped ZALORA’s beauty category.

4 mins

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Singapore Business Review Magazine Description:

Singapore Business Review (SBR) Magazine is a quarterly business magazine published by Charlton Media Group. It was launched in 2001 and is the only local business magazine in Singapore guaranteed to reach senior decision makers in the top 1,700 companies with combined sales of S$692 billion and 94% of listed companies.

SBR is known for its in-depth coverage of the Singaporean business landscape, as well as its insights from leading experts in the field. It covers a wide range of topics related to business, including:

* Industry trends and analysis
* Company profiles and interviews with CEOs
* Government policies and regulations
* Technology and innovation
* Finance and markets
* Leadership and management
* Sustainability and social responsibility

SBR is a must-read for anyone who wants to stay informed about the latest trends and developments in the Singaporean business world. It is also a valuable resource for anyone who wants to understand the challenges and opportunities facing businesses in Singapore.