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F&B operators in Singapore are feeling the heat, with increasing competition forcing many out of business in a “very Darwinian retail environment”, said consultancy Knight Frank in its latest retail report.
Prime and Plus flat buyers to give up 6-9% of resale price under new HDB BTO subsidy clawback
BUYERS of the new Plus and Prime flats will have between 6 per cent and 9 per cent of their resale price (or valuation) clawed back when they sell the flats, the Housing and Development Board (HDB) said on Wednesday (Oct 16).
Sunset Hospitality takes over Hotel Fort Canning lease, rebrands hotel
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DUBAI-BASED Sunset Hospitality Group, through its hotels and resorts unit, is taking over the lease on Hotel Fort Canning Singapore, as part of its global expansion strategy.
One Championship lays off dozens of staff to cut costs, reach profitability
SINGAPORE-BASED combat sports organisation One Championship has laid off “a few dozen” employees as part of a cost-cutting strategy to bring the company to profitability, The Business Times has learnt.
Singapore stocks track regional losses on Wednesday; STI down 0.1%
SINGAPORE shares ended marginally lower on Wednesday (Oct 16), tracking losses elsewhere in the region.