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Thanks to the robust retail revenues outlook, increasing tourism arrivals and a strengthening Singaporean dollar, the domestic consumer segment is expected to weather the global economic slowdown relatively well. We are projecting total retail revenues to grow from SGD46.19bn (US Dollar 35.53bn) in 2012 to SGD49.72bn (US Dollar 46.47bn) in 2016. While Singapore lacks the advantage of a massive consumer base, its low unemployment rate, the r...More »
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