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Singapore retailers' reliance on local demand may not be sustainable: Amex

About nine in 10 of the businesses polled by American Express said that they would see a "moderate" to "significant" impact if inbound travellers don't return by mid-2021 . . . To give local spending a boost, American Express is thus launching a cashback offer, called Shop Small, to encourage its card members to spend at about 2,000 businesses in Singapore.


DESPITE the pandemic, about one in two retailers in Singapore still experienced higher sales from September to October this year than last year, but banking on local demand may not be sustainable.

That's according to an American Express survey released on Monday, of 300...

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