New training program launched to raise Singapore retail sector's productivity

08:36, September 01, 2010      

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A Singapore minister announced on Tuesday that the country has developed an 8-day training program for the retail sector.

The program are developed by the Singapore Retailers Association, in collaboration with the Singapore Productivity Association (SPA), Singapore's Senior Minister of State for Trade and Industry and Education S. Iswaran said on Tuesday.

He said the retail industry is now a significant contributor to Singapore's economy, however, he urged the retail sector to improve productivity as Singapore lags behind other international cities, with retail productivity at only 66 percent that of Hong Kong's and 44 percent that of New York's.

He revealed that in 2008, the industry registered some 26.2 billion Singapore dollars (19.30 billion U.S. dollars) in sales revenue and generated 3.8 billion Singapore dollars (2.80 billion U.S. dollars) in value-add, accounting for 1.4 percent of Singapore's GDP.

The industry also employs over 100,000 workers in some 19,000 establishments, about 4 percent of Singapore's total workforce.

Participants of the program will learn to identify and analyze productivity issues affecting their companies, develop solutions and implement strategies that will address these issues in the program.

Source:Xinhua

(Editor:黄蓓蓓)

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