Tenants at Marina Bay Link Mall report brisk business
By Lynda Hong | Posted: 03 February 2011 2340 hrs
SINGAPORE: The Marina Bay Link Mall, one of Singapore's newest underground malls, is reporting brisk business after just a month of opening.
Some tenants said sales have doubled since they started operations.
The mall has a catchment of about 55,000 workers and residents in the area.
The number is expected to grow with additional condominiums being built.
Currently, four in 10 of the retail space is occupied by food and beverage outlets.
By the first quarter of 2012, another 82,500 sq feet of retail space will be added.
Tenders will be called for by the first quarter of 2011.
Already more than half of the new space has been committed for banking services and DBS Bank is taking up 66 per cent of the new space.
"There is a huge population out here, from Raffles Place to Tanjong Pagar, to Shenton Way, and now at the Marina Bay area. There can be never too many shops and F&B. We need to make sure that we just have the quality, the good mix, and of course great customer service, to keep them coming back," said Rose Tong, director of Marketing, Retail, with Raffles Quay Asset Management.
- CNA/fa
- wong chee tat :)
Friday, February 4, 2011
Lunar New Year boost for printing companies
Lunar New Year boost for printing companies
By Evelyn Lam, Evelyn Choo | Posted: 03 February 2011 1833 hrs
SINGAPORE: Spending habits have taken a leap from the past as Singapore ushers in the Year of the Rabbit.
Printing houses making 'hongbaos' (red packets) are rushing to meet increased demand for the Lunar New Year.
One company said business saw a twofold increase from last year and its clients are spending more with a better economy in sight.
Tan Eng Hock, who is the owner of Wah Mee Silk Screen, said: "Big companies have increased their budget from $5,000 to $20,000. And small companies have upped theirs from $500 to $2,000. They can now afford special printing services, like embroidery on cards and calendars."
But Mr Tan does not see a similar jump in profits.
He said production costs have gone up by 50 per cent, with raw materials like paper and ink costing more.
This, in turn, has downplayed revenue.
Riding on the zodiac calendar, bunny-themed red packets are the way to go.
For instance, specially-designed rabbit motifs are each distributed to visitors across 39 museums in Singapore.
Alvin Tan, Chairman, Museum Roundtable, said: "We wanted to feature the Chinese zodiac animal, and at the same time highlight the uniqueness of each of our museums. So for instance, for the Asian Civilisations Museum, the rabbit will be wearing the empress robe. And for the Peranakan Museum, the rabbit will be wearing a kebaya."
The museums hope this promotion will entice more people to hop over for a visit.
- CNA/fa
- wong chee tat :)
By Evelyn Lam, Evelyn Choo | Posted: 03 February 2011 1833 hrs
SINGAPORE: Spending habits have taken a leap from the past as Singapore ushers in the Year of the Rabbit.
Printing houses making 'hongbaos' (red packets) are rushing to meet increased demand for the Lunar New Year.
One company said business saw a twofold increase from last year and its clients are spending more with a better economy in sight.
Tan Eng Hock, who is the owner of Wah Mee Silk Screen, said: "Big companies have increased their budget from $5,000 to $20,000. And small companies have upped theirs from $500 to $2,000. They can now afford special printing services, like embroidery on cards and calendars."
But Mr Tan does not see a similar jump in profits.
He said production costs have gone up by 50 per cent, with raw materials like paper and ink costing more.
This, in turn, has downplayed revenue.
Riding on the zodiac calendar, bunny-themed red packets are the way to go.
For instance, specially-designed rabbit motifs are each distributed to visitors across 39 museums in Singapore.
Alvin Tan, Chairman, Museum Roundtable, said: "We wanted to feature the Chinese zodiac animal, and at the same time highlight the uniqueness of each of our museums. So for instance, for the Asian Civilisations Museum, the rabbit will be wearing the empress robe. And for the Peranakan Museum, the rabbit will be wearing a kebaya."
The museums hope this promotion will entice more people to hop over for a visit.
- CNA/fa
- wong chee tat :)
More food establishments open for business this LNY
More food establishments open for business this LNY
By Vimita Mohandas | Posted: 03 February 2011 2116 hrs
SINGAPORE: More food establishments are opting to remain open during the festive season.
The long Lunar New Year holiday traditionally sees a shutdown for most businesses but those who want to eat out needn't worry about the lack of dining options.
Some food outlets seem to be off to a hopping good start this year of the Rabbit.
They are giving the thumbs up to profits made on just the first day of the new year.
Stall holders Channel NewsAsia spoke with said it makes business sense to remain open throughout the long holiday period.
Fast food chain, KFC, said sales and delivery services are expected to jump two-fold, compared to last year.
The company said more Singaporeans tend to make use of delivery services for their parties.
Another restaurant - Sakae Sushi will have 13 of its 38 outlets open and it expects a 15 per cent growth in sales during this festive season.
The restaurant also serves up the traditional Lunar New Year dish, "yu sheng", which symbolises prosperity and abundance.
Many customers have also snapped up the restaurant's 'Yu Sheng" dish.
"We are on our way to our parents' place having spent the whole morning with my in laws. And en route we are looking for a place to pack yu sheng which is very traditional for most Chinese families in Singapore and this outlet seems to be the only one that's available for now," said Elaine Seow, a customer at Sakae Sushi.
Eateries over at Joo Chiat, in the eastern part of Singapore such as Mr Teh Tarik Eating House are also seeing more customers.
Stall owners said they expect takings to increase by up to 30 per cent over the next four days.
- CNA/fa
- wong chee tat :)
By Vimita Mohandas | Posted: 03 February 2011 2116 hrs
SINGAPORE: More food establishments are opting to remain open during the festive season.
The long Lunar New Year holiday traditionally sees a shutdown for most businesses but those who want to eat out needn't worry about the lack of dining options.
Some food outlets seem to be off to a hopping good start this year of the Rabbit.
They are giving the thumbs up to profits made on just the first day of the new year.
Stall holders Channel NewsAsia spoke with said it makes business sense to remain open throughout the long holiday period.
Fast food chain, KFC, said sales and delivery services are expected to jump two-fold, compared to last year.
The company said more Singaporeans tend to make use of delivery services for their parties.
Another restaurant - Sakae Sushi will have 13 of its 38 outlets open and it expects a 15 per cent growth in sales during this festive season.
The restaurant also serves up the traditional Lunar New Year dish, "yu sheng", which symbolises prosperity and abundance.
Many customers have also snapped up the restaurant's 'Yu Sheng" dish.
"We are on our way to our parents' place having spent the whole morning with my in laws. And en route we are looking for a place to pack yu sheng which is very traditional for most Chinese families in Singapore and this outlet seems to be the only one that's available for now," said Elaine Seow, a customer at Sakae Sushi.
Eateries over at Joo Chiat, in the eastern part of Singapore such as Mr Teh Tarik Eating House are also seeing more customers.
Stall owners said they expect takings to increase by up to 30 per cent over the next four days.
- CNA/fa
- wong chee tat :)
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