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$8,000 fine for man who illegally imported meat, seafood products

The sole proprietor of Lui Fammart, imported meat and seafood products along with other processed food items and sold them online, the Singapore Food Agency (SFA) said in a statement on Wednesday.

In Singapore, all food importers are required to apply for an SFA import licence and comply with relevant legislation governed by SFA before importing food into Singapore.

Lui could have been fined up to $50,000 and faced a jail term of up to two years.

For illegally importing processed food products, he could have received an additional fine of up to $1,000.

Source: StraitsTimes

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First air taxi flights in S'pore to take scenic route around Marina Bay if approved

If all goes to plan, Volocopter's maiden commercial flight here will take passengers from a take-off and landing area in Marina South to the Marina Reservoir and back, going over the Marina Barrage and the Benjamin Sheares Bridge at an altitude of 100m to 150m.

The journey, which will also take in parts of Kallang Basin near Tanjong Rhu, will last about 15 minutes.

"Why a tourist flight? Because to be quite transparent, Singapore does not have a congestion problem on the ground, but you have around 20 million visitors per year who want to have excitement, an experience.

In 2019, before the Covid-19 pandemic struck, 19.1 million travellers visited Singapore, spending close to $28 billion.

https://www.straitstimes.com/singapore/transport/first-air-taxi-flights-in-spore-to-take-scenic-route-around-marina-bay-if-approved

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Using Singapore as a stepping stone to Asean

The city-state’s long-standing reputation for having a stable and neutral government and economy helps to put minds at ease, especially in the wake of recent geopolitical tensions.

Aside from tapping Singapore’s infrastructure and resources, companies also see Singapore as a strategic location to access opportunities across South-east Asia.

A total of US$185 billion in foreign direct investment flowed into the region last year, a 35 per cent increase compared to 2020, according to Tan Bin Eng, partner of business incentives advisory at Ernst and Young Solutions.

https://twitter.com/IDSG_Business/status/1548897819469447168?s=20&t=dt3HM7ZrvKYUwKsYY7ST-Q

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Drink driving suspect jailed for attempting to bribe traffic police officers

Anyone who is convicted of a corruption offence can be jailed up to five years, fined up to S$100,000, or both.

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Source: CNA

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Berapakah harga membeli Franchise di Singapura?

FLAsia adalah salah satu event tahunan di Singapura, untuk Anda yg ingin berbisnis franchise di Singapura

Info & pendaftaran:
https://franchiselicenseasia.com/brands/

#Franchise #IDSG #IDSGbusiness #Insights #Events
India’s beauty D2C space is booming, but SEA’s may be even bigger

The opportunity in Southeast Asia may be even bigger than in India. According to Euromonitor estimates, the South Asian country had a US$14 billion beauty market in 2020, while the beauty industry in Indonesia – Southeast Asia’s largest market – was already valued at US$7 billion.

Source: TIA

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OG To Move Out Of Orchard Point After 18 Years

OG shared on Facebook that they will be moving out of their Orchard Point outlet with the announcement of a massive sale.

Source: MSNews

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Love, Bonito uses both first-party data which include transaction, behavioural, and survey data collected from their platforms, and third-party data or industry and competitor research. It keeps track of over 100 product attributes per SKU and gathers information and feedback from customers.

The data team looks at various information which includes product attributes of popular designs, ways to maximise stock levels at each store and decisions to select what products they should offer and how and when they should be released.

The company’s in-house design trackers, meanwhile, work with the designers to identify winning designs and gain insights from under-performers.

“In the long run, we turn customer insights into actionable plans that drive the design process,” Leong said, adding that customer lifetime value over customer acquisition cost ratio increased seven times.

Source: RetailAsia

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Dailybox Singapore offers more than 20 authentic Indonesian dishes, ranging from Tong Seng Kambing from Central Java, Chicken Woku and Rica-rica from Manado, Fish Curry from Sumatera, Vegetable Fritters and Tempe Fritters.

Founded in 2018, Dailybox started as a rice box provider before moving to food delivery and cloud kitchen services in Indonesia. The brand is part of multi-brand online F&B startup Dailybox, which is based in Jakarta.

Source: InsideRetail

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