Singapore, 12 Feb 2018 – DBS has established a F&B coverage team to better serve these customers to cater to the financial needs of Singapore-based retail food and beverage (F&B) and food manufacturing companies expanding overseas.
In the last 18 months, four in 10 of its F&B SME customers expanded overseas, with top expansion markets being tier-two cities in markets such as China, Indonesia and Taiwan.
This is a trend and two-fold increase over the last five years.
According to the Monetary Authority of Singapore (MAS) and the Securities Commission Malaysia (SC), both parties will link the stock market trading between the two exchanges by end of this year. SGX’s Malaysian link to help retail sector as the link can enable a “more efficient” transaction experience at lower costs and a more diversified stock universe.
On the last note, retail sales in Singapore continues to surge. Compared to December 2016, total retail takings grew 4.6% in December 2017.
