The Singapore Standards Council (SvSC), which develops national standards and represents Singapore at international forums such as the ISO, is looking to interest Young Professionals to join the Singapore Standardisation Programme. A series of “Young Professionals (YP) Awareness Workshops” will be conducted in end-June 2023 to raise awareness among our younger Services workforce on the… View Article
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IN THE NEWS
On a year-on-year basis, retail sales increased 4.5% in March 2023, following the 12.6% increase in February 2023. Excluding motor vehicles, retail sales grew by 4.1%, following the 11.6% increase in February 2023. On a seasonally adjusted basis, retail sales increased 2.2% in March 2023 over the previous month. Excluding motor vehicles, seasonally adjusted retail… View Article
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Since 1 Feb 2022, all new pass holders (including those on transfers) are required to be fully vaccinated. Over the next few months, MOM will be tightening checks on the compliance with COVID-19 vaccination requirements, starting with WPHs. From 27 Apr 2023, WPHs are required to be fully vaccinated for their passes to be issued…. View Article
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On a year-on-year basis, retail sales increased 12.7% in February 2023, reversing the 0.8% decline in January 2023. Excluding motor vehicles, retail sales rose 11.7%, following the 2.1% increase in January 2023. The year-on-year increase in retail sales was partly attributed to a lower base, as some shops were not open during the Chinese New… View Article
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Retail sales fell 0.8% in January 2023 on a year-on-year basis, reversing the 7.7% increase in December 2022. The decline was attributed mainly to lower motor vehicle sales -23.5% that corresponded with the lower Certificate of Entitlement (COE) quota. Excluding motor vehicles, retail sales rose 2.1%, following the 9.8% increase in December 2022. On a… View Article
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Budget 2023 introduces new and enhanced initiatives to help your business pursue growth amid a more challenging economic environment. No matter the stage of growth your business is at, we will work with you to build new capabilities in digitalisation and sustainability, press on with innovation, and make your mark globally. These efforts to transform will not… View Article
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MEDIA STATEMENT (For Immediate Publication) SRA MEDIA STATEMENT ON BUDGET 2023 Tuesday 14 February 2023 [Singapore] – Singapore Retailers Association (SRA) is supportive of what we believe is a ‘Caring For Our People, Workers & Businesses Budget 2023’. The targeted approach to allocate budgets where it is needed most is strategic and will… View Article
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In Budget 2022, the Minister for Finance announced that the GST rate will be increased in 2-steps from 7% to 8% on 1 Jan 2023 and from 8% to 9% on 1 Jan 2024. In our mailer dated 24 Feb 2022, we had highlighted the things that you need to know and to prepare for… View Article
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The Energy Efficiency Grant (EEG) was launched September 2022 and aims to help businesses within the Food Services, Food Manufacturing or Retail sectors to cope with rising energy costs, through co-funding investments in more energy efficient equipment. It provides financial support for SMEs to adopt pre-approved energy efficient equipment in the following categories: LED lighting,… View Article
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