Retail
Singapore retail and F&B should focus on long-term growth: Minister Lim Hng Kiang
The industries have been lagging behind in terms of profits as companies tend to focus on quick top-line solutions.
Singapore retail and F&B should focus on long-term growth: Minister Lim Hng Kiang
The industries have been lagging behind in terms of profits as companies tend to focus on quick top-line solutions.
Supersized: SMEs receive $6.7m for productivity improvement
A total of 80 SMEs productivity improvement projects so far have benefited from the funding.
Hong Konger found guilty of tourist refund fraud
Mr Hung Yat Sing, a 46-year-old from Hong Kong, was found guilty of making false Goods and Services Tax claims of $5,481.
Singapore to hear less ka-ching!
Amidst negative global sentiment, spending attitudes are forecast to be precautionary.
Ka-ching!: Retail sales up 2.1% in July
Food and beverage sales also rose 1.6%.
Singapore’s retail sales may have surged 8.1% in July
Excluding motor vehicles, Standard Chartered expects the print to come in at 7.8%.
Retail therapy: Government to fund $3m retail scholarships
This is to provide Singapore’s retail workforce accessible and affordable university education.
Price pressure: Companies worldwide lose 25% of profits on battling price wars
And 83% of managers blame their competitors for triggering the price wars.
IT Savvy: Retailers intensify investments in technology
Retail IT spending in Singapore is estimated to grow by 5.8% y-o-y to $163.21 million in 2011 or far above the compound annual growth rate of...
Ka-ching!: Singaporeans’ online spending up by a whopping 236%
And guess which were the top three largest online shopping categories during the Great Singapore Sale?
"It’s not about clocking in more opening hours": Mr Teo Ser Luck
The Minister of State for Trade and Industry said retailers should be creative in enhancing the customer experience, enlarging customer base, and...
Ka-ching! Asian private consumption resilient with 5% growth
This typically accounts for 50-60% of GDP, except in China and Singapore.
Singapore’s retail sales rise 1.6% in June
Food and beverage sales also increased by 1.5%, according to a report from Singapore's Department of Statistics.
Charge it: MasterCard users’ spending up 48% to a record US$1.32b
Both locals and tourists spent a total of US$73.5m on dining out during the Great Singapore Sale.
Singaporeans are not buying it
Wholesale and retail trade flatlined compared to a year ago.
Ka-ching! Tourist retail up 35.7% to an incredible $4.98b
But continued appreciation of Sing dollar may impact inbound tourist numbers as well as spending.
Asia’s rising middle class to reach an amazing 1.7b in 2020
And you’ll never guess what you can find in their shopping bags.
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