MAS urges retail sector to hop on e-commerce train for growth

Singapore

SINGAPORE'S subdued retail sector can take a leaf out of the playbook of the manufacturing sector, which has harnessed technological advancements to benefit from the latest upswing in global demand for its products.

The Monetary Authority of Singapore (MAS) is urging retailers to look to e-commerce as a way to explore new markets, which is what manufacturing firms have done, in the process restructuring their sector.

Taken together, MAS's analyses, published on Thursday in its twice-yearly macro-economic review, show how the success of the manufacturing sector can point the way to the future economy for other sectors - a viewp…