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Shoppers pay 0%, while retailers fork out 10% in strained Asean credit market

A key emerging risk, especially for Singapore, is the advent of e-commerce, says an analyst about the plight of brick-and-mortar retailers

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Retailers that borrowed to finance growth are also losing ground to online market places such as Alibaba Group Holding Ltd.

Singapore

FAMILIES buying televisions are getting lower borrowing costs than the stores selling them, a reflection of the toll taken on South-east Asia retailers by flagging consumer demand and e-commerce rivalry.

Courts Asia Ltd, which offers shoppers zero per cent long-term

sentifi.com

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