#616 - Singapore’s F&B Crisis & Is Punggol Our Silicon Valley?

Singapore’s F&B industry is in trouble—over 3,000 food and beverage businesses shut down in 2024, the highest number in nearly 20 years. Are skyrocketing rents and changing nightlife habits to blame? We break down why bars and restaurants are struggling to survive. Meanwhile, Singapore is doubling down on its tech dreams with the Punggol Digital District—touted as our very own Silicon Valley. But is it all hype, or can it actually drive innovation? We discuss whether this futuristic district will be the next big thing or just another buzzword-filled project.

(00:00) Folklory
(00:50) Intro
(10:36) Singapore’s F&B Crisis
(43:09) Is Punggol Our Silicon Valley?
(54:24) One Shiok Comment
(59:46) One Shiok Thing

Folklory

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Singapore’s F&B Crisis

• 'Slowly creeping up': Over 3,000 Singapore F&B outlets closed in 2024, highest in almost 20 years
• ‘Waste of money and time’: Singapore Gen Z, millennials are over traditional nightlife
• [Apr 2024] Clarke Quay reopens as day-and-night destination with FairPrice Finest, fitness studio among tenants
• [2016] Our MOF Video - “Partying Without Alcohol in Singapore!”

Is Punggol Our Silicon Valley

• First wave of tenants to move into Punggol Digital District – Singapore’s Silicon Valley
• Punggol Digital District, Singapore’s blueprint for future smart districts

One Shiok Comment

• Discussion on CNY vs LNY

One Shiok Thing

• How Things Work (@thishowthingswork)
• Succession // Danish National Symphony Orchestra, Radio Big Band and Vocal Ensemble (Live)

Mics and Headphones from @shure

Chairs from @ergotunechair

The Meat Club: Use the code “YLB20” for $20 off your order at https://themeatclub.com.sg/yahlahbut

Edited and mixed by Tristen Yeak

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