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e-commerce gets boost from IDA

Agency aims to help retailers build up online competencies to take on overseas rivals, says AMIT ROY CHOUDHURY

Opportunities abound: While online and mobile commerce is growing strongly in Singapore, data suggests that local retailers are not the beneficiaries of this trend. - PHOTO: REUTERS

SINGAPORE is well- known for, among other things, its world-class IT infrastructure and for being a shoppers' paradise. According to government statistics, the retail and wholesale sector contributed 17.4 per cent to Singapore's GDP (gross domestic product) in 2011. At the same time, with the