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 THE NEWS
On a year-on-year basis, retail sales increased 6.2% in November 2022, following the 10.3% increase in October 2022. Excluding motor vehicles, retail sales rose 8.7%, extending the 14.2% increase in October 2022. On a seasonally adjusted basis, retail sales declined 3.7% in November 2022 over the previous month. Excluding motor vehicles, seasonally adjusted retail sales… View Article
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On a year-on-year basis, retail sales increased 11.2% in September 2022, following the 13.3% increase in August 2022. Excluding motor vehicles, retail sales rose 16.8%, following the 16.6% increase in August 2022. The year-on-year increase in retail sales was partly attributed to larger growths in industries such as Wearing Apparel & Footwear, Food & Alcohol… 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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On a year-on-year basis, retail sales increased 13.7% in July 2022, following the 14.9% increase in June 2022. Excluding motor vehicles, retail sales rose 18.1%, extending the 19.9% increase in June 2022. The year-on-year increase in retail sales was partly attributed to larger growths in industries such as Wearing Apparel & Footwear, Food & Alcohol,… 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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*MEDIA STATEMENT * 𝗦𝗥𝗔 𝗘𝗡𝗗𝗢𝗥𝗦𝗘 𝗧𝗛𝗘 𝗥𝗘𝗖𝗢𝗠𝗠𝗘𝗡𝗗𝗔𝗧𝗜𝗢𝗡𝗦 𝗢𝗙 𝗧𝗛𝗘 𝗧𝗥𝗜𝗣𝗔𝗥𝗧𝗜𝗧𝗘 𝗖𝗟𝗨𝗦𝗧𝗘𝗥 𝗙𝗢𝗥 𝗥𝗘𝗧𝗔𝗜𝗟 𝗜𝗡𝗗𝗨𝗦𝗧𝗥𝗬 (𝗧𝗖𝗥) 𝗙𝗢𝗥 𝗦𝗨𝗖𝗖𝗘𝗦𝗦𝗙𝗨𝗟 𝗜𝗠𝗣𝗟𝗘𝗠𝗘𝗡𝗧𝗔𝗧𝗜𝗢𝗡 𝗢𝗙 𝗧𝗛𝗘 𝗣𝗥𝗢𝗚𝗥𝗘𝗦𝗦𝗜𝗩𝗘 𝗪𝗔𝗚𝗘 𝗠𝗢𝗗𝗘𝗟 (𝗣𝗪𝗠) 𝗙𝗢𝗥 𝗥𝗘𝗧𝗔𝗜𝗟 𝗢𝗡 𝟭 𝗦𝗘𝗣𝗧𝗘𝗠𝗕𝗘𝗥 𝟮𝟬𝟮𝟮 Last August, SRA announced its support for the implementation of the Progressive Wage Model (PWM) for retail to be implemented 1 September 2022…. View Article
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Retail sales increased 14.8% in June 2022 on a year-on-year basis, following the 17.8% increase in May 2022. Excluding motor vehicles, retail sales rose 19.8%, compared to the 22.6% increase in May 2022. The year-on-year increase in retail sales in June 2022 was mainly attributed to the low base in June 2021 when measures such… View Article
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SkillsFuture Singapore will be conducting a virtual briefing on the changes to SSG’s funding for In-House Training. Details of the briefing are as follows: Date: 29 Jul 2022, Friday Time: 11am – 12pm Venue: via Zoom (details will be furnished upon receiving your registration) Each Training Provider may nominate up to two (2) representatives to… View Article
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Retail sales increased 17.8% in May 2022 on a year-on-year basis, extending the 12.1% increase in April 2022. Excluding motor vehicles, retail sales rose 22.6%, compared to the 17.4% increase in April 2022. The year-on-year increase in retail sales in May 2022 was mainly attributed to the low base in May 2021 when measures such… View Article
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