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

PopUp-Angels-Drive-Growth-Using-Pop-up-Stores

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

Should-Singapore-Firms-Invest-in-China-or-Steer-Clear

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

Many of us collect points via loyalty programs. They’re popular, but can cause headaches for the companies who head up loyalty and rewards programs. (Shutterstock)

Rewarding Your Loyalty With Points

How many “points” have you collected so far this holiday shopping season? Like millions of consumers, you likely belong to at least one loyalty rewards program. These programs give you “points,” “miles” or some virtual currency when you buy from specified airlines or retailers. You can later redeem your points for rewards that might range

The Bitcoin bubble is perhaps the most extreme speculative bubble since the late 19th century.

How Low Will Bitcoin Now Go? The History Of Price Bubbles Provides Some Clues

Nearly 170 years before the invention of Bitcoin, the journalist Charles Mackay noted the way whole communities could “fix their minds upon one object and go mad in its pursuit”. Millions of people, he wrote, “become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more

What Moves Markets More, Twitter or Traditional News?

Can a single tweet make a country’s currency depreciate by 16%? Apparently it did on August 10, when Donald Trump tweeted that US tariffs on Turkish steel and aluminium would rise sharply. Amid 36,100 retweets, and calls by Turkish President Recep Tayyip Erdoğan for his people to dump foreign assets, the Turkish lira plunged. It’s not just the president of

A Positive Cycle:Tech Entrepreneur Chris Kitze Builds His Businesses On A spiritual Foundation, His Latest Being The Fast-Growing Cryptocurrency Flash Coin.

To start a new business is often to solve a problem or fulfil a need, to improve people’s lives. For serial tech entrepreneur Chris Kitze, it’s about helping people while also improving himself. “I’ve learned that starting a business is like being on a [spiritual] cultivation path,” Kitze says. Church bells ring in the background

Systemic Failure and Strategic Defeat: The Microchip Front in the Sino-US Trade War

The unfortunate fate of Fujian Jinhua Integrated Circuit, one of China’s three major major microchip firms, serves as a window for determining the success of China’s strategy of trying to play technological catch-up. It also provides a good through through the fog of war on the “battlefield” of intellectual property disputes between China and the

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