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Day: June 22, 2019

How to run the restaurant and bar business successfully

June 22, 2019

Opening your own restaurant and bar within your budget is a challenging task, because expensive resources and professional services involved in the commencement of the successful restaurant cum bar. If you have decided to open the restro-bar, then you can focus on loads of important things one after another. Keep in mind that opening the own restaurant is a financially rewarding business and involving high risks. You must have a clear plan and make certain about various aspects of the business before commencement.

 Restaurant and bar formats

 There are different types of restaurant and bar formats. However, the main formats of restaurant and bar are club, specialty bar, sports bar, neighborhood bar, Franchise bar and beer bar. If you preferred the type of the restaurant and bar, then you have to know how to decide the location of the bar and restaurant. The size of the space required for the …

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Ecommerce Statistics in Singapore

June 22, 2019

Singapore is among the fastest growing economies in South East Asia. With over 80 percent of the population relying on the internet as the main source of information, it’s not tough to see why e-commerce is increasing at a quick pace in the nation.

Recent reports suggested that the online market in not only Singapore but whole Southeast Asia is now $50 billion and it’s expected to exceed $200 billion by 2025.Research performed by iPrice Group indicates that e-commerce transactions exceeded $10 billion in 2017, up from 2015 $5.5 billion. Some of the important events which contributed significantly to this growth include the entrance of Amazon into the area through Singapore, the stunning growth rate of Lazada through its Online Revolution Campaign that generated $250 million in earnings, Shopee expanding market base in the region, greater investment by Chinese net gurus like Tencent and Alibaba.  The crux of the above …

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