Shares & Derivatives
Sheng Siong Reduce Manpower Woes with Self Payment Kiosk
By My Sweet Retirement  •  October 19, 2016
Sheng Siong is one of my favorite company in my stock portfolio. It is such a fantastic growth company with zero debt. See how the stock continues the uptrend over the 5 year period. For Sheng Siong who is expanding aggressively by opening more and more stores in Singapore, hiring manpower for new stores is a continued challenge due to the current labour crunch in the market. This is also a common challenge among Jumbo and Breadtalk businesses where the nature of the business in the service industry is labour intensive. Today I happen to came across an article published in May 2016 which describes how Sheng Siong uses innovation to solve its manpower woes. The article wrote about Sheng Siong introducing Glory’s CASHINFINITY™ secure closed cash management solution to its stores. The self payment kiosk solution will be rolled out to its stores island wide. The payment kiosk accepts ......
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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