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Interesting times ahead for Singapore retail scene

Just how will the shopping experience here evolve with technology and tax developments?

On a global level, there has been much debate about the GST/VAT treatment of online sales. Countries such as the EU, Japan, South Korea and Australia have implemented, or are in the process of introducing changes to ensure the appropriate taxing of e-commerce transactions.

WELL-KNOWN IT and electronics retailer Challenger Technologies has announced plans to close its flagship megastore at the popular Funan DigitaLife Mall. Challenger said that sales from the Funan store have dropped from 60 per cent of total group revenue in 2004 to only 20 per cent in the third...

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