Business

Possible Impact of GST Hike in Singapore

By G. Kalyan Kumar Singapore’s proposed hike of the goods and services tax (GST) from 7 to 9 percent after a surplus budget has baffled many. For the 2017 financial year, Singapore posted a net surplus of S$9.6 billion that was above the estimated S$1.9 billion. It was the biggest surplus in recent times. In

Advice for Millennials to Thrive in Workforce of the Future

Young, meticulous, passionate – these are the qualities that represent Looi Qin En, co-founder of Glints, a Singapore-based job portal targeting millennials. Glints aims to help millennials explore jobs, internships, courses and other opportunities, and do what they love. In 2014, Oswald Yeo, Looi Qin En and Seah Ying Cong chose to drop out of

Omnichannel Retailing

Once considered a threat to brick-and-mortar stores, e-commerce is now becoming a necessary complement. Retail businesses are trending toward setting up both physical and online stores, allowing customers the choice of shopping online at their convenience, or visiting brick-and-mortar outlets to try out products. This burgeoning concept of providing a seamless, cross-channel shopping experience is

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PopUp Angels: ‘Drive Growth Using Pop-up Stores’

Stores are popping up for a few weeks to a few months and creating a buzz in cities such as New York and London. These pop-up stores are a cheaper alternative for retailers and marketers to showcase their products during a product launch or seasonal sale, doing away with the hefty one- or two-year rental

Ms Amanda Aida Atan, a published author, business coach & sales strategist. (Courtesy of Amanda Aida Atan)

Creating Presence in the New Retail Environment

“With an online business, there are three key success factors to get more buyers and sustain them: a powerful online presence, good customer service rapport and an efficient delivery arrangement.” — Ms Amanda Aida Atan, VIBES Mastery Success Academy The double-digit growth of the digital, social and mobile usage in Southeast Asia has transformed the modus operandi

Startup Woman in Singapore

People often think that men take precedence over women in the business world. However, some say the future of startup belongs to women. What is your opinion? Undeniably, women still have a long way to go to surpass men in the startup scene, particularly in the tech arena. However, founder of Startup Asia Women (SAW),

Should Singapore Firms Invest in China or Steer Clear?

In 2015, the World Bank ranked China as seventy-eighth in the world for overall “ease of doing business”. I believe this poor ranking is due to three regulatory obstacles in China: bureaucratic red tape, the inconsistent interpretation and enforcement of rules and regulations— which appear to be completely discretionary—and the fickle lawmaking environment.   Before

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Should Singapore Firms Invest in China or Steer Clear?

In early March 2017, Chinese Premier Li Keqiang announced his target of a 6.5% economic growth this year. The Chinese government also aims to create 11 million new urban jobs in 2017. Plans are in place to keep cash within the country as Chinese companies spend close to 130 billion pounds in 2016 (S$226 billion,

Dr Patrick Khor, founder and CEO of iBosses (Courtesy of Dr Patrick Khor)

Entrepreneurship: Advice and Perspectives from Dr Patrick Khor, Founder of iBosses

“I believe that everyone has to experience entrepreneurship at least once in their lifetime.” – Dr Patrick Khor,  founder and CEO of iBosses Starting and growing a business is challenging, but is there a system to increase one’s success? Yes, says Dr Patrick Khor, founder and CEO of entrepreneur coaching company iBosses. With over 15 years of

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Ethos Behind Koufu’s Success

“A typical Koufu customer is the man-in-the-street, therefore Koufu has the obligation and responsibility to do good things for the general public.” – Mr Pang Lim, founder and managing director of Koufu Koufu’s logo consists of four brisk calligraphy brush strokes that represent the Chinese character ‘mouth’. Since its inception in 2002, Koufu believes that

Melissa Kwee, Chief Executive Officer of NVPC (Courtesy of NVPC)

NVPC: Make Goodness the Business of Every Organisation

“Giving begins with a small step to pay it forward, but when organised and thought through properly, can be powerful and purposeful.” – Melissa Kwee, Chief Executive Officer of NVPC  Melissa Kwee, the oldest child of hotel and property tycoon, Kwee Liong Tek, recognised her life calling during childhood. The director of Pontiac Land and civic

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Starting A Law Firm In Singapore

Patrick Tan is the Founder and Chief Executive Officer of Fortis Law Corporation, a young and promising law firm. It was the first in Singapore to be awarded the prestigious PrimeLaw certification, which stands for Practice Management Excellence Standard awarded by the Law Society of Singapore. Patrick is an entrepreneur by nature, spontaneous and bold

China’s Neo-Colonising Bag of Tricks: Malaysia

In my previous article (China’s Neo-Colonizing Bag of Tricks), I explained how China’s “build now, pay later” investment strategies have entrapped many smaller countries as China’s neo-colonies of the 21st century. The case previously highlighted was that of Sri Lanka. The country owes China billions of dollars, and as part of Sri Lanka’s debt reduction

China’s Neo-Colonising Bag of Tricks: Djibouti, Africa

In my previous two articles (China’s Neo-Colonizing Bag of Tricks and China’s Neo-Colonising Bag of Tricks: Malaysia), I explained how China’s “build now, pay later” investment strategies have entrapped many smaller countries as China’s neo-colonies of the 21st century. The case previously highlighted was that of Sri Lanka. The country owes China billions of dollars,

An employee monitors a circular weaving machine at a textile factory in Shangqiu City, Henan Province, China, on Sept. 8, 2018. (STR/AFP/Getty Images)

China’s Private Sector: Anxiety to Panic in Seven Months, Economist Says

“China’s non-state-owned firms are facing their most difficult situation in the past 40 years,” says Chen Shouhong, an economist in Hong Kong and China. With recent reports of the Chinese regime increasing state interference in the private sector—from state officials to widely circulated essays hinting at more central planning—Chinese leader Xi Jinping sought to reassure private businesses

A port city in the works for China.

China’s Neo-Colonizing Bag of Tricks

In this time and age, how does a more affluent country seek control of another less-developed but sovereign country, without so much as a squeak from the latter? Well, the affluent country can offer loans to the less-developed country to build lots of infrastructure, which the latter cannot afford or does not need. However, this

Accor Innovates Guest Experience in All Dimensions

Imagine you have been planning a trip for months or even years, be it to London, Paris or Tokyo. You are filled with excitement after your flight touched down, and can’t wait to check into your hotel. Upon entering your hotel room, you are satisfied that it is clean and tidy, but wait a minute

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