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  • Once high-flyers in finance, these S’poreans’ jewellery biz is on track to millions in sales
    Not many would walk away from a high-flying career, earning six figures a year. But Sheaufen Tay and Sharlyn Koh chose to take that leap. Once colleagues at KPMG, the duo decided to forge their own path, breaking into the jewellery industry. It’s a crowded space where success is far from guaranteed, but the risk has clearly paid off. Their brand, Mondays Made, which specialises in demi-fine jewellery, now has two outlets in Singapore—just less than two years after its launch. The company is also on track to achieve multi-million-dollar sales this year. We spoke with Sheaufen and Sharlyn to uncover...
  • GIC unveils its boldest investment yet: An AI committee helping it manage S’pore reserves
    Disclaimer: Unless otherwise stated, any opinions expressed below belong solely to the author. Singapore's leading sovereign wealth fund, GIC, with estimated assets under management topping S$1 trillion, consisting part of the country's vast reserves as well as, indirectly, proceeds from the CPF, has revealed in its annual report that it is actively deploying artificial intelligence (AI) in its operations. For the past year, AI has been helping the company audit and analyse its internal data for potential anomalies, aid its staff in evaluating potential deals, as well as scrutinise some of its investment decisions. To that end, GIC has created...
  • From GetGo’s team, here’s ZipZap: S’pore’s new subscription-based car ownership platform
    ZipZap, a new car subscription platform developed by the team behind car-sharing startup GetGo, has launched in Singapore today (July 29). The platform aims to offer the benefits of personal car access with the flexibility and financial accessibility that today's drivers increasingly seek. We saw a clear gap between short-term rentals and long-term ownership, and many drivers wanted something in between: consistent access to a personal car, without the stress of large upfront payments or being tied down for years. Toh Ting Feng, CEO of ZipZap and GetGo Subscribers can access their own dedicated car through a flexible, all-inclusive monthly...
  • 10 yrs in, Jinjja Chicken’s founder reveals winning recipe for navigating S’pore’s F&B scene
    Singapore’s F&B landscape is notoriously competitive—recent months have seen a wave of closures, with many struggling to stay afloat amidst rising costs and shifting consumer habits. One former F&B owner even went so far as to warn, “Don’t come to F&B right now.” This is why a brand like Jinjja Chicken is considered a rarity. The Singaporean F&B brand is known for its Korean fried chicken, and is still standing strong 10 years later. But that success didn’t come without blood, sweat, and tears. We spoke to Bernard Tay, the co-founder and Managing Director of the brand, who has come...
  • S’pore salary stagnation: Some industries pay less than 5 years ago. How does yours compare?
    Disclaimer: Unless otherwise stated, any opinions expressed below belong solely to the author. Data sourced from the Ministry of Manpower and Singapore Department of Statistics. While Singapore hasn't been affected by inflation nearly as badly as most other countries, there's no denying the fact that prices have gone up quite a lot since pre-pandemic levels. Cumulative inflation over the past five years has added 16.4% to the cost of consumer products across the board. To offset this and keep the value of people's incomes at least at the same level, salaries should have gone up by at least as much....
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