News

Retail

Staff Reporter

, Singapore

Published:

9 years ago

E-commerce share of retail receipts to grow to 10% by 2020: MTI

It’s currently at 3%.

The Ministry of Trade and Industry, in partnership with SPRING and the Infocomm Development Authority, is stepping up its efforts in easing the transition of SMEs in the e-commerce path.

According to a speech by MTI minister S Iswaran, one solution it currently employs is the Dodoca, an IT platform allowing retailers to build customer communities and engage them more effectively through data analytics.

“More than 500 SME retailers are expected to benefit from this solution by end-2017,” Iswaran said.

He added that the overall aim is to grow the e-commerce share of total retail receipts from the current 3% to 10% by 2020.

Meanwhile, in addition to new business models, companies must also have their own brands and innovative products, Iswaran added.

“Every retail company should undertake a deep review of its branding, product and design,” he added.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

Daily Markets Briefing: STI down 0.52%; Top stock is Thai Beverage

Thai Beverage is the top stock with a 1.15% increase.

Stocks

1 hour ago

Monday Wrap: GDP upgrade, cyber blind spots, and art shift

Mixed signals as hiring softens, wealth competition rises, and tech AI gains continue.

1 hour ago

AI keeps Singapore factories firing

Electronics climbed 35.8% as chemicals, biomedical, and transport engineering weakened.

2 days ago

JustCo brings ‘the boring office’ to CBD after SGX listing

The space is designed for start-ups, entrepreneurs, and SMEs.

Commercial Property

2 days ago

Exclusives

Monday.com picks Singapore for Southeast Asia expansion

Its in-house designers created Singapore-inspired artwork in the company's colors.

2 days ago

Tsuklio targets dual-income families in Singapore expansion

The Japanese meal subscription platform logged 3,000 pre-registrations before launch.

Food & Beverage

4 days ago

Firms cut senior hiring costs with fractional executives

$Firms cut senior hiring costs with fractional executives$

Firms cut senior hiring costs with fractional executives

Companies report 50% to 70% lower costs than full-time senior hires.

HR & Education

5 days ago

Choosier Asia buyers steer auctions toward rare art

Collectors are bidding harder for works with clear ownership histories.

6 days ago

Event News

Co-Written / Partner Finweek KL 2026: Where European capital meets ASEAN scale

The premier EU–ASEAN institutional fintech summit brings 1,000+ delegates to PARKROYAL Collection Kuala Lumpur on 11 to 13 November 2026 for three days of cross-border deal-making.