Holland Village stalwarts Wala Wala, Crystal Jade La Mian Xiao Long Bao to shut; Wine RVLT relocates
SINGAPORE – Two Holland Village establishments look set to bow out of the foodie cluster in 2025. The Straits Times recently reported that the area is losing its mojo, with foot traffic dwindling and businesses closing.
Crystal Jade La Mian Xiao Long Bao will shut after 20 years on June 30, while nightspot Wala Wala Cafe Bar may end its 32-year run before its lease is up at the end of 2025.
Citing waning footfall in the area, rising operating costs and a challenging labour market as reasons for the closure, Wala Wala's owner Stanley Yeo told The Business Times in a June 12 article that he is looking for a new tenant to take over the space.
In a statement to ST, a spokesman for the Crystal Jade Group confirmed that the restaurant's lease in Holland Village is up and added that the group is 'evaluating opportunities for new outlets in other areas of Singapore'.
The group still runs its Crystal Jade Hong Kong Kitchen at the One Holland Village mall, and has other Crystal Jade La Mian Xiao Long Bao outlets at i12 Katong, Bugis Junction and Hillion Mall.
Over in Hongkong Street, modern Spanish restaurant FOC announced in an Instagram post on June 12 that it will shut in August, after 11 years. Its other outlet is at Sentosa's Tanjong Beach.
These add to other recent closures, including another Holland Village restaurant, Sens Dining, which shut in April; and ramen chain Kanada-Ya at Jem, Marina Square and Paya Lebar Quarter.
In May, souffle pancake chain Fluff Stack closed its outlets, while Japanese ramen specialist Hokkaido Ramen Santouka exited Singapore after 17 years at Clarke Quay Central mall.
Upmarket restaurants were not spared either in the challenging food and beverage scene. Modern European restaurants Imbue in Keong Saik Road and the one-Michelin-starred Poise in Teck Lim Road have also closed in recent months.
Others are starting new chapters in different locations.
Choon Hoy Parlor, which shut in Beach Road on April 14, soft-launched on June 8 with a bigger 64-seat, double-storey space at the Arcade @ The Capitol Kempinski, next to its sister concept The Masses. Choon Hoy Parlor continues to offer its style of Singapore soul food at affordable prices.
Over in Robertson Quay, some former tenants at the mixed development Robertson Walk – which has shut for its redevelopment into a luxury residential enclave with dining and entertainment choices – are also gearing up to open in new venues in July.
Home-grown Thai restaurant Fi Woodfire Thai will reopen at Shaw Centre, while decade-old burger restaurant Wildfire Burgers moves to UE Square and will be relaunched as Wild/Fire.
Wine bar Wine RVLT - which had already announced in 2024 that it would not renew its lease in 2025 - will go out with a bang. It will wrap up a slew of events leading up to the final day on July 12 with a 'Finish Finish Liao Party'.
Wine bar Wine RVLT will shut in Carpenter Street on July 12.
PHOTO: ST FILE
And while this eight-year run in Carpenter Street will conclude, a new location is already in the works for what will be called Revolution Wine Bistro - slated to open in Henderson Road on July 18.
Eunice Quek is STFood online editor at The Straits Times. She covers all things trending in the food and beverage scene.
Check out ST's Food Guide for the latest foodie recommendations in Singapore.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Times
7 hours ago
- Business Times
Japan's exports log biggest drop in 4 years as US tariff impacts intensify
[TOKYO] Japan's exports posted the biggest monthly drop in about four years in July, government data showed on Wednesday (Aug 20), as the impact of US tariffs intensified, raising concerns about the outlook for the export-reliant economy. Total exports from the world's fourth-largest economy dropped 2.6 per cent year on year in July in value terms, the biggest monthly drop since February 2021, when exports fell 4.5 per cent. It was larger than a median market forecast for a 2.1 per cent decrease and marks a third straight month of decline after a 0.5 per cent drop in June. Despite the plunge in the value of exports, shipment volumes have so far held up as Japanese exporters have avoided major price hikes, said Takeshi Minami, chief economist at Norinchukin Research Institute. 'But they would eventually have to pass on costs to US consumers and that would further hamper sales in the coming months,' he said. Exports to the US in July fell 10.1 per cent from a year earlier, with automobiles slumping 28.4 per cent and automotive components down 17.4 per cent. 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 However, automobile exports fell just 3.2 per cent in volume terms, suggesting Japanese automakers' price cuts and efforts to absorb additional tariffs have partly shielded shipments. The US imposed 25 per cent tariffs on automobiles and auto parts in April and threatened 25 per cent levies on most of Japan's other goods. It later struck a trade deal on Jul 23 that lowered tariffs to 15 per cent in exchange for a US-bound US$550 billion Japanese investment package. The agreed tariff rate on automobiles, Japan's largest export sector, is still far higher than the original 2.5 per cent, exerting pressure on major automakers and parts suppliers. Exports to other regions were also weak. Those to China were down 3.5 per cent, the data showed. Total imports in July dropped 7.5 per cent from a year earlier, compared with market forecasts for a 10.4 per cent fall. As a result, Japan ran a deficit of 117.5 billion yen (S$1 billion) in July, compared with a forecast of a 196.2 billion yen surplus. The outcome follows unexpectedly strong growth in gross domestic product (GDP) in the April-to-June quarter, separate data showed last week, fuelled by surprisingly resilient exports and capital expenditure. Economists said the strong exports growth in GDP data reflected differences in how the impact of price changes is factored in. Nevertheless, Norinchukin's Minami said that the Japanese economy has so far avoided the worst. 'As the tariff deal has at least reduced uncertainties, the Bank of Japan is likely to resume rate hikes as early as in October,' he said. REUTERS
Business Times
8 hours ago
- Business Times
Intel rescue will depend on Trump as investor — and pitchman
[WASHINGTON] A US government plan to take a stake in Intel would give the ailing chipmaker a powerful backer, even if a bigger challenge still lies ahead: finding enough paying customers. Wall Street analysts do not expect the money alone to turn around Intel's business, which has suffered from years of declining sales and the loss of market share. But there is a possibility that pressure from President Donald Trump will help the chipmaker line up more clients for its production arm – potentially justifying the cost of expanding domestic manufacturing. If the US ends up owning part of Intel, 'Trump kind of becomes your salesman,' said Dan Morgan, a senior portfolio manager at Synovus Trust who has covered the company since the 1990s. The president has this year secured trillions of US dollars' worth of pledges to invest in the US – even if some of those commitments are repackaged versions of existing plans. That includes a vow by Apple to spend US$600 billion on a domestic expansion. Taiwan Semiconductor Manufacturing Co (TSMC), meanwhile, has pledged US$165 billion as part of a factory buildout in Arizona. This time around, the administration will need to pull off something with even longer odds: convincing sceptical prospective clients to use Intel for their manufacturing needs. The company has been trying to compete with TSMC in the so-called foundry business – manufacturing chips based on the designs of customers – but it has struggled to show it can match the industry leader's capabilities. 'Beside money, Intel needs customers,' Bernstein analyst Stacy Rasgon said in a note to clients. 'Is it conceivable that as part of something like this the administration might 'encourage' customers to use Intel's capacity (either directly, or indirectly through tariff policy or other regulation)? We don't know.' 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 SoftBank Group this week agreed to buy US$2 billion in Intel shares, raising the possibility that the Japanese conglomerate could use the company for chipmaking. Founder Masayoshi Son, who has forged a close relationship with Trump, has ambitions to develop AI chips that would compete with Nvidia. Investors cheered the idea, sending Intel shares up 7 per cent on Tuesday (Aug 19). The stock had rallied 23 per cent the previous week, when Bloomberg News first reported that the government was discussing the plan. US Commerce Secretary Howard Lutnick confirmed this week that the government is discussing a plan to own part of Intel, casting the idea as a bid to convert Chips and Science Act grants into equity. The company had been poised to get about US$11 billion from that programme – initiated by a 2022 law signed by President Joe Biden – and the investment is expected to be roughly that same amount, people familiar with the deliberations have said. 'We need to make our own chips here,' Lutnick said. 'We cannot rely on Taiwan.' Intel, based in Santa Clara, California, declined to comment. It was a striking turnabout for Intel chief executive officer Tan Lip-Bu, whom Trump had criticised earlier this month. The US president had urged the executive to resign over his past ties to China, but Trump changed his stance after meeting Tan at the White House. It's an optimistic moment for a company plagued by upheaval and decline in recent years. Previous CEO Pat Gelsinger had bet that a factory expansion plan – centreed on an ambitious new facility in Ohio – would turn around Intel's fortunes. The aim was to transform Intel into a chip foundry and make semiconductors for outside clients, a growing business that turned TSMC into a trillion-US dollar company. The Chips Act money was meant to help make that vision come true. Biden and Gelsinger even held a groundbreaking ceremony for the Ohio site in 2022, promising 20,000 construction jobs and a fresh start for the domestic chip industry. But the economics of the plant don't work without big outside customers – especially because it's meant to feature cutting-edge technology that will be costly to adopt. Intel has repeatedly delayed the project, which isn't currently slated to be ready until the 2030s. Jay Goldberg, an analyst at Seaport Research Partners, estimates that it would take about US$20 billion for Intel to get its next-generation manufacturing technology online. Moreover, the government's cash-for-equity deal isn't necessarily a better arrangement than the original Chips Act grants, Rasgon said. 'Funding a buildout with no customers probably won't end well for shareholders, of whom the US government would be the largest under this situation,' he said. It also doesn't change Intel's standing in the technology industry. It has fallen behind in producing the kinds of chips most prized for AI tasks – an area now dominated by Nvidia. So-called hyperscalers – the largest data centre operators, like Alphabet's Google, which are now committing upwards of US$80 billion per year to buying new hardware – aren't going to settle for lesser chips because the government tells them to, Cowen analyst Joshua Buchalter said. It's not clear how the US investment fixes a problem that stems from a lack of competitiveness, he said. 'You can't force hyperscalers to use less performant processors or else you're inhibiting their competitiveness globally,' Buchalter said. TSMC is the go-to chip foundry for much of the tech industry, including Apple, Nvidia and Advanced Micro Devices Inc. Intel, though, has yet to prove it can keep pace with global chip designers and manufacturers again – let alone act as the linchpin for a revival of domestic production. 'Intel still has to deliver,' Morgan said. 'Will this stake really make a whole lot of difference?' BLOOMBERG


AsiaOne
13 hours ago
- AsiaOne
Nearly 80% of visitors to Johor in 2025 were from Singapore, says Malaysian official, Singapore News
Travellers from Singapore have topped the list of most frequent foreign visitors entering Johor, accounting for over 11 million of the more than 14 million foreign arrivals recorded in the first half of 2025. According to The Star, Johor Unity, Culture and Heritage Committee Chairman K. Raven Kumar said on Tuesday (Aug 19) that Singaporeans recorded the highest number of visits entering the state between January and July this year. This number constituted more than 78 per cent of total visitorship to Johor. "Besides Singapore, we are also seeing many visitors from Indonesia, China, India, the Philippines, European countries, and South Korea," said K. Raven. "In fact, from January until March, more than two million tourists, including Malaysians, have stayed more than one night in Johor." K. Raven pointed out that this was a positive and encouraging sign for the state government and local tourism industry players, as they gear up for Visit Johor Year 2026. Malaysia's Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing also revealed that close to 10.3 million, or 10,288,256 tourists from Singapore visited Malaysia from January to June, The Star reported. The number represented a 22.5 per cent increase compared to the same period in 2024, said Tiong. Tourists from China recorded the highest growth, with 2,178,857 arrivals between January and June this year — up from 1,607,413 during the same period last year — marking a significant 35.6 per cent increase. Efforts to promote Johor as a tourist destination According to K. Raven, efforts are also underway to promote small towns across Johor's 10 districts as potential tourism destinations for both foreign and domestic tourists. "There is a lot of potential in small towns to be part of our tourism destinations. As these towns are located near tourist attractions such as waterfalls, and many of them offer delicious local delicacies," said K. Raven. "Part of the government's effort to promote small towns in other districts is by holding state-level events such as Majestic Johor and Festival Zapin outside of Johor Bahru." He also shared that the government aims to attract 12 million tourists to Johor in 2026 by upgrading various tourism products and organising events to strengthen the state's position as a key tourism destination. [[nid:719297]]