Conglomerate Jardine Matheson offers to buy rest of group unit for $5 5 billion reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
The gift card market in Singapore grew despite impact on socio-economic environment by the COVID-19 outbreak.
While the pandemic has negatively impacted growth across key industries, there has been a large-scale adoption of digital payment both by retail and business consumers. Supported by broader industry trends, and shift in consumer behavior, overall gifting and gift card industry has witnessed fundamental changes. Consequently, sale of digital gift card has witnessed sharp increase.
Singapore’s e-commerce industry is one of the fastest growing in the South East Asia and is expected to US$10 billion (S$10 billion) in 2020 as there has been an increase in online purchases due to COVID-19. Change in consumer buying behavior is expected to support e-commerce growth going forward.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Singapore Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics Report 2021-2025 - ResearchAndMarkets.com
February 25, 2021 GMT
DUBLIN (BUSINESS WIRE) Feb 25, 2021
The gift card market in Singapore grew despite impact on socio-economic environment by the COVID-19 outbreak.
While the pandemic has negatively impacted growth across key industries, there has been a large-scale adoption of digital payment both by retail and business consumers. Supported by broader industry trends, and shift in consumer behavior, overall gifting and gift card industry has witnessed fundamental changes. Consequently, sale of digital gift card has witnessed sharp increase.
IRONICALLY, the Covid-19 pandemic proved a plus point for foreign grocery chain Dairy Farm International Holdings Ltd (DFI), whose Malaysian operations look set to post a profit for the first time since 2013.
The turnaround may be evident as early as the current financial year ended Dec 31, 2020, as the retailer’s transformation exercise starts to bear fruit after some aggressive measures including the closure of dozens of Giant and Cold Storage branded stores.
Ongoing changes through GCH Retail (Malaysia) Sdn Bhd, which operates DFI’s chain of hypermarkets and supermarkets in Malaysia, include the revamping, resizing and repositioning of stores, which total 58 today less than half the 122 outlets it had in 2018.