DAISO SINGAPORE PTE. LTD. Business Review
Business Overview
TrustScore Analysis
Our preliminary analysis has revealed key insights about DAISO SINGAPORE PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Positive highlights
Has been operational for several years
Official business profile found on major search engines
Has accessible contact information online
Negative highlights
- No employer brand presence on career platforms
Corporate Information
47529
Retail sale of hardware, paint and glass n.e.c. (e.g. wood, glass, sanitary ware, Do-It-Yourself materials)
Wholesale trade of a variety of goods without a dominant product
Contact Information for DAISO SINGAPORE PTE. LTD.
DAISO SINGAPORE PTE. LTD.'s Business Reviews
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Public Preview of DAISO SINGAPORE PTE. LTD.
This is only a preview of the TrustScore results for DAISO SINGAPORE PTE. LTD., showcasing a few facets of its business that we have analysed.
Institutional Stage
A brand in the institutional-stage brand represents a mature entity that is systemically important, enduring and trusted. These brands are often listed entities, legacy corporations or quasi-government agencies that influence economies, policies, and long-term market trends.
Key Characteristics
- Scale & Systemic Importance: DAISO SINGAPORE PTE. LTD. operates at a national or potentially global level, holding significant influence and creating substantial economic impact in the retail sale of hardware, paint and glass n.e.c. (e.g. wood, glass, sanitary ware, do-it-yourself materials) sector.
- Longevity & Intergenerational Focus: With a legacy spanning 6 years since incorporation on 20 December 2018, DAISO SINGAPORE PTE. LTD. prioritises long-term strategic decisions, balancing profitability with sustainability and permanence.
- Trust as Core Currency: Public and investor confidence sacrosanct and non-negotiable. Operates with high transparency & governance, compliance and sovereign audits. Authority and leadership in policy making and market trends
- Hybrid Public-Private Role: May function as a state-linked or quasi-governmental entity, blending market discipline with public interest mandates and potentially engaging in nation-building projects - infrastructure, R&D, financial stability.
- Low Volatility, High Influence: Reputation forged over a long period and self sustaining, and less dependent on brand campaigns. As a highly influential decision-maker, DAISO SINGAPORE PTE. LTD. shapes industry standards, regulations, and economic trends
Why It Matters
- Institutional brands like DAISO SINGAPORE PTE. LTD. transcend commercial success, becoming pillars of economic and social architecture. Their strength lies in permanence, trust, and systemic value built over 6 years.
- DAISO SINGAPORE PTE. LTD. focuses on governance, legacy building, and multi-stakeholder trust, often becoming synonymous with national progress and stability in the retail sale of hardware, paint and glass n.e.c. (e.g. wood, glass, sanitary ware, do-it-yourself materials) sector.
DAISO SINGAPORE PTE. LTD. has been operational for several years, indicating stability and reliability. Companies with a long history of operations are generally considered more trustworthy. The company's address is not in use by other companies, providing a unique and credible business location.
DAISO SINGAPORE PTE. LTD. has no presence on career platforms and provides no public information about its work environment or employee satisfaction. This lack of transparency may indicate less focus on employee well-being or difficulty in attracting talent, potentially impacting DAISO SINGAPORE PTE. LTD.'s long-term success.
The company is not blacklisted by CaseTrust, which is a positive indicator of its credibility. The company is not on the MAS Enforcement List, which is a positive indicator of its compliance with financial regulations. The company is not accredited by CaseTrust. This lack of accreditation may raise concerns about the company's credibility and trustworthiness.
The company maintains an official business profile on major search engines, enhancing its visibility and credibility. DAISO SINGAPORE PTE. LTD. has accessible contact information online, which is a positive indicator of its credibility and transparency.
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Daiso Singapore says price increases due to 'steady rise' in raw material, logistics costs
Japanese retail chain Daiso said on Friday (Apr 29) its impending price increases in Singapore are due to a steady rise in raw material costs and logistics. Known for its variety of items offered at S$2, the retailer will introduce a 15-tier pricing system on May 1 with prices ranging from S$2.14 to S$25.47 both in stores and online. The pricing system was announced on Apr 25 after Daiso said earlier this month that it will start charging a 7 per cent GST on top of its S$2 price tag for its items. "All this time, Daiso Singapore has been providing our pricing with GST included. However, in recent years, we see a steady rise in raw material costs and logistics. Due to the above reason, we will be increasing our selling price to maintain our operational cost," said a Daiso spokesperson on Friday in response to queries from CNA.
29 April 2022
Daiso Singapore to scrap S$2 prices for 15-tier system with items up to S$25.47
"We thank you for your understanding and continued support," it said in a Facebook post. The chain, which operates 29 stores in Singapore, offers products such as stationery, food, homeware and clothes. Items under the Daiso label have long been available at a flat price of S$2 while products under its Threeppy brand vary in cost. This latest update from Daiso Singapore comes after the retailer said earlier this month that it will start charging a 7 per cent GST on top of its S$2 price tag for its items.
26 April 2022
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.