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Rising costs in Singapore spur business migration as regional alternatives rise
Recent moves by companies such as Gardenia and H&M to shift some operations from Singapore across the Causeway have put the spotlight on Malaysia’s growing appeal as a more affordable base for businesses facing high costs and a tight labour market in the city state. But while the trend may look like an easy win for its neighbour – bringing investment, jobs and spillover opportunities – analysts say the gains could come with trade-offs, as an influx of firms drives up competition for...
Changing business of bread: Why Singaporeans crave artisanal loaves but still mourn the loss of heritage bakeries
Changing business of bread: Why Singaporeans crave artisanal loaves but still mourn the loss of heritage bakeries While modern palates crave new flavours, Singapore’s appetite for homegrown nostalgia in the form of old-school bakeries remains unchanged. SINGAPORE: When heritage bakeries and homegrown bread manufacturers close shop or move out of Singapore, it stirs up more than nostalgia as people love an “everyday staple” that comes fresh out of an oven, said food experts. That is why...