Media OutReach
Tourism and Commerce Surged During F1™[1] Singapore Night Race – Visa
The increase in spend is driven by affluent travellers and nighttime economy
SINGAPORE – Media OutReach Newswire – 16 October 2025 – Visa, a global leader in digital payments, today released new insights from VisaNet data that underscore the substantial tourism and commercial uplift during the recent F1™ Singapore Night Race. The event, renowned for attracting a global audience, has proven to be a pivotal catalyst for Singapore’s economy, with marked increases in visitor arrivals, nighttime spending, and digital payment adoption.
According to VisaNet data, overall travel-related spending in Singapore during the F1™ race period rose significantly compared to the same period last year. International arrivals surged, with the majority of visitors originating from key markets such as China, Australia, the United States, and Malaysia. The event generated a double-digit percentage increase in both transaction volumes and overall spend across hospitality, retail, and entertainment sectors.
Affluent Travellers[2] are Driving High-Value Commerce
Visa’s data showed that while affluent travellers made up about 30 per cent of all travellers to Singapore during the race week, they accounted for an outsized 40 per cent of spending. Compared to an average week, affluent travel into Singapore was about 30 per cent higher but their spending surged by nearly 45 per cent during the week of the race, reflecting the sophisticated allure of the Singapore Night Race. Travel spending from Mainland China, Australia, the United States, and Indonesia accounted for over 40 per cent of spending done by all travellers during the week of the race, showing how Singapore is a major attraction for tourists not only in Asia, but around the world.
Affluent travellers are also highly diverse spenders. While the bulk of affluent spending was on retail and dining, such as for apparel (~15%) and at restaurants (~15%), affluent travellers were also keen to spend on a wide range of local retailers and services, especially on categories such as Discount Stores (~450% uplift) and Electronics (~100% uplift).
Another key finding was the growth in travel by corporate travellers[1] in the race week, which coincided with various conferences and exhibitions. Compared to an average week, around 80 per cent more business cardholders visited Singapore during the race week with their spending nearly tripling by surging approximately 170 per cent.
Nighttime Economy: Late-Night Spending Trends
The unique timing of the Singapore Night Race fuelled a significant increase in nighttime commerce. In the week of the Singapore Night Race, late-night spending (11pm – 5am) surged by over 90 per cent, reflecting the demand for 24/7 consumption by tourists. Visa found that travellers are looking for food and fun after dark, with Restaurants, Fast Food, and Entertainment seeing the most traveller spending. Wide availability of these options in the Marina Bay region hosting the circuit, and in areas like Clarke Quay and Tanjong Pagar just a short walk away from the race, likely contributed to the surge in spending.
Small and medium-sized businesses across Singapore benefitted significantly from the influx of visitors. In the week of the race, SMBs in the city saw traveller spending rise by about 65 per cent, especially in retail and dining as racegoers explored the city including its heartlands. Restaurants (~80% uplift) like local eateries and cafes, as well as SMBs in retail such as Electronics (~80% uplift) and Groceries (~120% uplift) saw some of the most notable lifts in traveller spending.
“The F1™ Singapore Night Race is a showcase of Singapore’s vibrancy and global appeal. Our data shows that the event not only attracts a diverse group of affluent travellers but also drives significant uplift for local businesses, especially small and medium enterprises. By enabling seamless and secure digital payments, Visa helps merchants and consumers make the most of these world-class experiences.
Importantly, Visa’s data-driven insights empower issuers and merchants to identify spending patterns among tourists and pinpoint opportunities in high-growth districts. This enables our partners to tailor their offerings and marketing strategies, driving greater engagement and spend where it matters most. We remain committed to supporting Singapore’s growth as a premier destination for international events and to fostering innovation that benefits everyone in our community,” said Adeline Kim, Visa Country Manager for Singapore & Brunei.
[2] Affluent cardholders are defined as Visa cardholders across AP, using Visa Signature, Visa Infinite cards, except for Japan, which includes Visa Gold+
Hashtag: #Visa
The issuer is solely responsible for the content of this announcement.
About Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.
Media OutReach
YF Life Clinches Hong Kong Economic Journal’s “Outstanding Application of Diversified Investment Strategies” Award Once Again
Driving Sustainable Long-Term Value for Clients via the Innovative “Invesurance” Philosophy
HONG KONG SAR – Media OutReach Newswire – 26 June 2026 – YF Life Insurance International Limited (YF Life) has once again been recognized at the Hong Kong Economic Journal (HKEJ) Insurance Excellence Awards 2026, clinching the prestigious “Outstanding Application of Diversified Investment Strategies” Award1. This accolade reaffirms YF Life’s leadership in insurance investment landscape, underscoring the company’s success in leveraging systematic asset allocation to generate long-term value for clients for its clients through its unique “Invesurance” (Insurance + Investment) philosophy.
Mr. Dennis Luk, Chief Investment Officer of YF Life, stated: “We are deeply honored to receive this prestigious recognition for the second consecutive year. At the core of YF Life’s investment strategy is the profound integration of ‘insurance’ and ‘investment’. Moving beyond traditional models, we utilize a dynamic, multi-asset allocation framework that spans fixed income, public equities, and private markets. Under our ‘1+N’ architecture, we partner with Barings2 to manage high-quality bond portfolios, while simultaneously collaborating with leading global asset management institutions to deploy capital across private equity and alternative investments. This strategic approach optimizes risk-adjusted returns and effectively mitigates market volatility.”
YF Life’s financial strength continues to be validated by leading international rating agencies. Following eight consecutive years of receiving an “A-” (Strong) Insurer Financial Strength (IFS) rating from Fitch, YF Life has also secured its “A3” Insurance Financial Strength Rating (IFSR) from Moody’s. These milestones are a testament to YF Life’s robust financial position, prudent capital management, and stringent risk-control capabilities.
Looking ahead, YF Life remains committed to deepening its “Invesurance” philosophy. The company will continue to focus on delivering sustainable and stable asset growth for clients, further building a forward-looking and resilient wealth management blueprint.
Organized by the Hong Kong Economic Journal, the Insurance Excellence Awards aim to honor outstanding enterprises within the insurance sector, recognizing industry peers who consistently innovate and enhance the quality of their products and services. This year, more than 10 awards were presented following a rigorous selection process conducted by a panel of professional judges.
Notes:
[1] https://features.hkej.com/template/features/html/isa2026/index.html
[2] https://www.barings.com/en-hk/guest
Hashtag: #YFLife
The issuer is solely responsible for the content of this announcement.
Media OutReach
Singapore Institute of Management: Student Life and Campus Communities Becoming a Key Deciding Factor in Higher Education
This shift reflects a broader trend across the sector, where institutions are being evaluated not only on academic outcomes, but also on their ability to provide holistic student experiences that support mental wellbeing, social integration, and career readiness.
At the Singapore Institute of Management (SIM), student engagement has become a central pillar of the learning experience, with a wide network of student led clubs and communities designed to support both personal and professional development.
A Growing Priority: Belonging and Wellbeing
Industry observations indicate that students, particularly those transitioning from secondary education or arriving from overseas, often face challenges such as social isolation, cultural adjustment, and limited peer support networks. Research also highlights that being away from familiar support systems and adapting to a new cultural and academic environment can be an isolating process, contributing to increased stress, anxiety, and reduced perceived social support
To address this, SIM has developed a structured student life ecosystem supported by its Student Development initiatives and programmes such as Project1095, which emphasises learning beyond the classroom and holistic growth. With close to 80 student clubs and co-curricular activities available, students are provided with multiple avenues to build connections and integrate into campus life.
From Co-Curricular Activities to Career Readiness
Student clubs are increasingly seen as more than recreational clubs, playing a meaningful role in preparing students for the workforce. Participation in such communities enables students to develop transferable skills aligned with employer expectations, including leadership, collaboration, and communication.
At SIM, student led initiatives span a broad spectrum, from arts and cultural groups that foster creativity and teamwork through performances and events, to sports and wellness communities that promote physical resilience and discipline. Leadership platforms such as student councils provide opportunities for students to organise initiatives and represent the student body, while international student communities support cultural integration and inclusivity.
In addition, special interest and professional clubs offer exposure to industry trends and peer led learning. Collectively, these platforms provide practical experiences that complement academic programmes and contribute to graduates’ overall employability.
Reflecting a Broader Shift in Higher Education
The increasing importance placed on student life reflects a wider evolution in higher education, where institutions are expected to support both academic achievement and personal development.
By investing in student communities and engagement, institutions like SIM are responding to this shift, providing environments where students can not only gain qualifications, but also build networks, resilience, and a strong sense of identity.
As prospective students weigh their options, the availability of vibrant campus communities and support systems is likely to remain a key differentiator in the higher education landscape.
Reference:
- The experience of loneliness among international students participating in the BBC Loneliness Experiment: Thematic analysis of qualitative survey data – https://www.sciencedirect.com/science/article/pii/S2666518223000189?
- Mental health concerns and needs of international students in higher education settings: A scoping review protocol – https://pmc.ncbi.nlm.nih.gov/articles/PMC12334020/
- SIM CCA – https://www.sim.edu.sg/degrees-diplomas/life-at-sim/co-curricular-activities
- SIM Project 1095 – https://project1095.simge.edu.sg/
Hashtag: #SIMGlobalEducation #SIMGE #GlobalEducation #InternationalDegree #CareerReady #FutureSkills
The issuer is solely responsible for the content of this announcement.
About SIM Global Education
SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 17,000 full- and part-time students and adult learners, of which approximately 41% are international students hailing from over 50 countries.
SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.
For more information on SIM Global Education, visit www.sim.edu.sg
Media OutReach
Nexus Aesthetic Clinic to Host Pro Bono Aesthetic Literacy Talk for Women in Singapore
The session is designed to help members of the public ask clearer questions before deciding whether a medical aesthetic treatment is appropriate for them. Rather than focusing on any one procedure, the talk will cover consultation-first decision-making, how medical assessment should come before choosing treatments such as fil, and why natural-looking outcomes depend on suitability, restraint, and medical judgement.
As aesthetic treatments become more visible across social media and everyday conversation, consumers are often exposed to trend-led content before receiving a proper clinical assessment. Nexus Aesthetic Clinic says the pro bono session aims to bring the conversation back to patient suitability, risk-aware planning, and thoughtful decision-making.
The talk will be led by Dr Samantha Tay, Medical Director of Nexus Aesthetic Clinic. Attendees will learn what a responsible consultation should cover, including treatment history, skin condition, facial structure, medical considerations, expected trade-offs, and when a conservative approach may be more appropriate.
“Patients today are more informed than before, but they are also exposed to more aesthetic trends than ever,” said Dr Samantha Tay. “A good aesthetic decision should not begin with a treatment name. It should begin with a proper assessment of the patient’s face, skin quality, concerns, medical history, and whether treatment is appropriate in the first place.”
Community organisations interested in hosting similar pro bono education sessions may reach Nexus Aesthetic Clinic through the collaboration page.
Hashtag: #NexusAestheticClinic
The issuer is solely responsible for the content of this announcement.
About Nexus Aesthetic Clinic
Nexus Aesthetic Clinic is a natural-led medical aesthetic clinic located at TripleOne Somerset in Singapore. Led by Medical Director Dr Samantha Tay, the clinic focuses on consultation-led aesthetic care, conservative treatment planning, and natural-looking outcomes.
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