Retail sales in Singapore fell by 10.8 percent year-on-year in September, a steeper decline compared to the 5.4 percent drop in August, according to the country's Department of Statistics (SingStat).
Singapore (VNA)🍌 - Retail sales inSingapore fell by 10.8 percent year-on-year in September, a steeper declinecompared to the 5.4 percent drop in August, according to the country's Department ofStatistics (SingStat).
The estimated totalvalue of retail sales in September was 3.2 billion SGD (2.36 billion USD),of which online retail sales made up about 11.2 percent. The larger declineduring the month was mainly attributed to the computer and telecom equipment industry, which recorded lower sales of mobile phones comparedto the high base in September last year when there were new phone launches,said SingStat. Most retail industriescontinued to register year-on-year decline in sales. Food and alcoholicbeverages; department stores; cosmetics, toiletries and medical goods reported decrease in sales of 41 percent, 39.8 percent and 30 percent, respectively./.
Three leading Singaporean home-grown retailers on August 16 showcased their unmanned stores that allow shoppers to enter stores and buy items without having to interact with a salesperson
Singapore has spent 13.8 million SGD (10.2 million USD) in total on developing and acquiring the SafeEntry digital check-in system and TraceTogether app and tokens.
The Singapore Government will contribute 200,000 USD as seed money to support the Singapore Red Cross (SRC)'s public appeal to aid disaster relief and recovery in Vietnam, Cambodia, Laos and the Philippines.
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The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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