Small businesses group calls for retail lease reforms amid soaring rent
The Singapore Tenants United for Fairness, which represents more than 700 business owners, businesses, is calling for retail lease reforms, such as rental caps and limits on foreign-owned shops. It is already in talks with Enterprise Singapore and hopes to reach some agreement in the coming months. Retail rents jumped 1.9% islandwide in the first quarter of the year, according to the Urban Redevelopment Authority. In that time, an average of 450 retail stores have shuttered monthly. Kate Low reports.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
AsiaOne
an hour ago
- AsiaOne
Daily roundup: Malaysia to begin VEP enforcement for Singapore vehicles from July 1 — and other top stories today, World News
Stay in the know with a recap of our top stories today. 1. Malaysia to begin VEP enforcement for Singapore vehicles from July 1 Malaysia will begin enforcement action on Singapore-registered vehicles entering the country without a Vehicle Entry Permit (VEP) from July 1, Transport Minister Anthony Loke said on June 4. The announcement comes eight years after the plan was first mooted in 2017 and implementation of the system was shelved twice, in 2019 and again in 2020... » READ MORE 2. 'The Labubu I need!' Pop Mart hints at new food-inspired collection, exciting fans At this point, we're all no strangers to the collectible toy character, Labubu. It's caused waves across the globe, including Singapore — with fans willing to fork out hundreds of dollars for the doll and F&B businesses coming up with Labubu-inspired treats. In the coming days, Labubu might just start another storm as Pop Mart has just released a teaser for their new The Monsters Wacky Mart series on Instagram yesterday (June 3)... » READ MORE 3. Him Law explains the 'enjoyment' of playing villainous characters While playing a hero can boost an actor's popularity and image on screen, Hong Kong TVB star Him Law likes playing villains. Speaking to AsiaOne last Saturday (May 31) at the newly opened StarHub flagship store in Paragon, the 40-year-old shared that it was actually "very enjoyable" to play these characters... » READ MORE 4. 'I don't think the situation has been handled very fairly': Parents frustrated as ECDA probes Little Paddington Preschool's closure Parents have expressed their frustration at the sudden closure of Little Paddington Preschool in Bishan last week. Speaking to AsiaOne on the condition of anonymity, an affected parent said that that he is currently weighing his options... » READ MORE editor@
CNA
an hour ago
- CNA
Singapore pushes ahead with goal of 2027 Asian Cup qualification with Ikhsan Fandi's return
SINGAPORE: Singapore's Asian Cup qualifying campaign is getting a boost with the return of striker Ikhsan Fandi to the national football team. The 26-year-old player from Thai League 1 side BG Pathum United, who was absent from the Lions for about a year because of injuries and club commitments, said he is eager to make up for lost time. Ikhsan, who has scored 18 goals in 38 appearances for the national team, told CNA he is happy to lead the attack in the absence of fellow striker Shawal Anuar. "I haven't been here for a while, so I hope the chemistry is still there with the team, but I'm very excited, and I'm going to give everything I've got, because I think I've been missing the feeling of getting my name on the score sheet for Singapore,' he said. Ikhsan added that he is looking forward to playing alongside his brother Ilhan again, who he described as a more creative and expressive player. '(Ilhan) has a good eye for the final pass, so I hope he can provide me with some assists,' he said, ahead of a sold-out friendly match against the Maldives that will be held on Thursday (Jun 5). The game at Bishan Stadium is part of preparations for the team's Asian Cup qualifying match against Bangladesh next Tuesday. COACH CALLS FOR IMPROVEMENT The Lions are in Group C of the qualifiers, along with Bangladesh, Hong Kong, and India. All four teams are tied on one point with five matches to go. Only the top team will qualify for the 2027 Asian Cup that will be held in Saudi Arabia. Singapore, currently ranked 161st in the FIFA rankings, has never qualified for the Asian Cup on merit, with the Lions' only appearance coming as hosts in 1984. National football team coach Tsutomu Ogura said he is demanding better concentration and work rate from his team as they prepare for their 'must-win' match against Bangladesh. He added that the match against the Maldives will be useful in analysing the players' conditioning, teamwork and fitness levels ahead of the Bangladesh match. The team has not won for the past six games and drew 0-0 with Hong Kong in March in the first match of the Group C qualifiers. When asked about the return of key attackers like Ikhsan and midfielder Song Ui-young, who are also known for their work rate, Ogura said he hopes both players will help the Lions win matches. "We need more creative chances. Like, big chances. Now we create chances, but chances are not enough, because we need more big chances to help us score a goal. We need to improve more on this,' said Ogura. Ikhsan also said that the team must remain focused and ready for any challenge, adding they cannot underestimate both the Maldives and Bangladesh, which are respectively ranked 164th and 183rd in the FIFA rankings. Ikhsan added he is confident of winning the game against Bangladesh, but noted that the team must remain composed and stick to the coach's instructions while playing away in front of massive crowds. He said that while away games can be tough, the players can draw on the support of fans back home. Ogura added that the support from Singapore fans encourages the players wherever they play.
Business Times
2 hours ago
- Business Times
Market Focus Daily: Wednesday, June 4, 2025
Asian stocks track Wall Street up after jobs data; Korean stocks rise to enter bull market, bonds sink after Lee elected President; Iron ore markets head for shake-up as Singapore-linked Simandou nears production. Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day's market movements and news from Singapore and the region. Written and hosted by: Emily Liu (emilyliu@ Produced and edited by: Chai Pei Chieh & Claressa Monteiro Produced by: BT Podcasts, The Business Times, SPH Media --- BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Follow BT Market Focus and rate us on: Channel: Amazon: Apple Podcasts: Spotify: YouTube Music: Website: Feedback to: btpodcasts@ Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party's products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Money Hacks at: BT Correspondents: BT Podcasts: BT Branded Podcasts: BT Lens On:
