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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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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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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