As some retailers see sales drop by as much as 40 per cent since 2013 at the youth-oriented mall, experts say malls must understand their target market’s lifestyle.
Concerns regarding the ramifications of Britain’s pending departure from the European Union seem to outweigh the lure of a weaker pound for some investors in Singapore.
Minister of State for Trade and Industry Koh Poh Koon urges companies to adopt an open mindset and take advantage of new opportunities.
Experts say the shuttering of two Swiss private banks, alongside the slapping of fines on DBS and UBS, is a clear sign from authorities that anti-money laundering breaches will not be tolerated in Singapore.
"Although the withdrawal of the Singapore banking license is regrettable and disappointing, the decision will not impact the strategic development of the bank," a press statement from Falcon Private Bank said on Tuesday.
Both banks were fined for breaching the Monetary Authority of Singapore's anti-money laundering controls.
MAS has ordered Swiss private bank Falcon to cease operations in Singapore due to money laundering and improper conduct by senior management.
“Our base line projection is not an outright recession, but we cannot rule out the possibility that the economy will experience some quarters of negative growth on a quarter on quarter basis,” Trade and Industry (Trade) Minister Lim Hng Kiang says.
The resale prices of HDB flats rose slightly last month, but there were fewer flats sold during that time.
Despite a downbeat economic outlook, Singapore’s central bank will likely refrain from easing monetary policy when it meets for its biannual meeting this month.