Epoint Systems | 18 August 2022
Celebrate Mid Autumn Festival 2022!
Cracking your head on where to celebrate Mid Autumn Festival with your family this year especially with most restrictions lifted? Thinking of a picnic in the evening, light up lanterns with the kids, or just a family gathering to share the joy of mooncakes and reunion?
We’ve got some ideas to share with you!
Know of any better ideas to celebrate the festival?
Let us know and share the joy of celebration around!
Epoint Systems | 28 July 2022
Singapore’s core inflation rises to 4.4% in June, highest since November 2008
Singapore’s core inflation in June hit its highest level since November 2008, with stronger price increases across most categories such as services, food, retail, as well as electricity and gas.
Core inflation, which excludes accommodation and private transport costs, came in at 4.4 per cent year-on-year in June, up from 3.6 per cent in May, official data released on Monday (Jul 25) showed.
INFLATION ACCELERATES FOR ALL SECTORS
Food inflation hit 5.4 per cent in June compared to 4.5 per cent in May as a result of larger increases in the prices of both food services and non-cooked food, said the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) in a joint media release.
Inflation for retail and other goods also picked up, coming in at 3.1 per cent in June from 1.8 per cent in May, as the cost of medicines and health products rose, and the price of clothing and footwear recorded a steeper increase.
Electricity and gas prices edged up, with inflation at 20 per cent in June compared to 19.9 per cent in May as the average prices of electricity plans offered by Open Electricity Market (OEM) retailers rose at a faster pace, said MAS and MTI.
On the domestic front, the labour market remains tight and wage growth is expected to be strong.
“Amid firm consumer spending, businesses are likely to pass on the increases in the prices of fuel, utilities, and other imported inputs, as well as labour costs, to consumer prices. Hence, inflationary pressures will remain elevated in the months ahead,” MAS and MTI said.
What does this signal for us?
For the full article, head to https://www.channelnewsasia.com/business/singapore-core-inflation-june-2022-44-cent-2833491.
Epoint Systems | 08 June 2022
The Food Services industry in Singapore contributes 0.8 per cent to the national Gross Domestic Product (GDP) and comprises 4.5 per cent of the nation’s workforce. A highly competitive market, with more than 7,200 establishments in five sub-industries,such as restaurants, fast food, cafes, coffee shops, and pubs.(courtesy of https://www.myskillsfuture.gov.sg/)
Similarly in our industry, it is highly competitive to grab a share of the pie. But what sets us apart in such an intense and fast industry? We believe that hard work alone is not enough, more than that we need compassion.
Compassion for business owners, through thick and thin.
To understand one another and their problems.
Only through understanding one another can we achieve a well-balanced work relationship.
Every business has their needs, and so do we.
We aspire to connect and forge better relations together.
We Make it POSsible.
Epoint Systems | 01 June 2022
Customers have been asking for our PSG Package and now, we deliver!
It took awhile for the approval, but we have 5 brand new packages ready to fit various needs.
Our packages will help businesses save up to a whoppin’ 80%!
Packages this round are catered slightly more towards the F&B industry especially in this recovery phase,
we understand that businesses have been struggling for the past 2 year.
We feel you, and we see you as well, which is why we are making the relevant changes to cater to you.
We Make It POSsible