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Tag: june

  • Singapore Retail Sales Surge: Recreational Goods and Jewellery Take the Lead in June

    Singapore Retail Sales Surge: Recreational Goods and Jewellery Take the Lead in June

    Retail sales in Singapore experienced increased growth in June, with most sectors seeing improvements, with the most significant ones being recreational goods, watches, and jewelry.

    According to the Department of Statistics, retail sales—excluding motor vehicles, parts, and accessories—rose by 4.1 per cent year-on-year in June, which shows an acceleration from the 3.6 per cent increase in May.

    Sectoral Breakdown and Online Sales

    The estimated total value of retail sales for this period was SG$3.5 billion (US$2.7 billion), with online sales making up 19.5 per cent.

    On a seasonally adjusted basis, retail sales in June saw a slight increase of 0.2 per cent compared to May.

    In terms of sectors, recreational goods recorded the highest growth with sales shooting up by 11.4 per cent, followed closely by watches and jewelry with a 10.5 per cent rise. These significant increases were mainly driven by higher sales of sporting goods and jewelry.

    Other sectors like computer and telecommunications, cosmetics, supermarkets, and petrol service stations also saw solid improvements between 7.3 per cent and 9.8 per cent.

    Declining Sectors

    Contrastingly, department stores experienced the most significant decline during this period, with a drop of 9.5 per cent. Similarly, sales of apparel and footwear, food and alcohol, and convenience stores also saw decreases ranging from 0.6 per cent to 1.7 per cent.

    Sales of food and beverage services also saw a decrease of 2.3 per cent to SG$1.5 billion, a stark contrast to the modest 0.1 per cent growth recorded in May.

    Questions & Answers

    Which sectors recorded the highest growth in Singapore’s retail sales?
    Recreational goods saw the highest growth in sales at 11.4 per cent, followed by watches and jewelry at 10.5 per cent.

    How much did retail sales grow in June year-on-year?
    Retail sales, excluding motor vehicles, parts, and accessories, rose by 4.1 per cent year-on-year in June.

    Which sectors saw a decline in sales during June?
    Department stores saw the steepest decline at 9.5 per cent, while sales of apparel and footwear, food and alcohol, and convenience stores fell by 0.6-1.7 per cent.

  • Revolutionizing Trade and Travel: Vietnam’s Inaugural Direct Flight to Amsterdam Set to Soar in June

    Revolutionizing Trade and Travel: Vietnam’s Inaugural Direct Flight to Amsterdam Set to Soar in June

    Vietnam Airlines has announced its intention to initiate the nation’s inaugural direct flight to the Netherlands. The flight will connect Hanoi and Amsterdam and is expected to begin operations in June. Utilizing the wide-bodied Airbus A350, the airline is set to run the service three times weekly, as stated in a recent public release.

    Vietnam Airlines has successfully managed to obtain operating slots at Amsterdam Airport Schiphol, the principal international airport in the Netherlands. Despite ongoing restrictions on capacity, the airline has secured a foothold into this major European gateway.

    The Netherlands holds the position of Vietnam’s top trading partner within Europe. The annual value of exports from Vietnam to this European country surpassed the $11 billion mark in 2025.

    The presence of Dutch enterprises in Vietnam, whose investments are valued at around $16 billion, solidifies the economic ties between the two nations. Additionally, the Netherlands hosts approximately 27,000 Vietnamese individuals who reside and work there, generating a consistent demand for travel between the two countries.

    The yearly passenger traffic between Vietnam and the Netherlands is estimated to be about 122,000. The introduction of this direct flight service will not only cater to this passenger demand but also provide enhanced alternatives for cargo transportation. This is particularly significant for the delivery of high-value exports to Europe.

    Upon launching this new route, Vietnam Airlines will be operating a total of 12 direct routes to Europe, facilitating connections with eight different cities.

    Questions & Answers

    When is Vietnam Airlines planning to launch its direct flight to the Netherlands?
    The direct flight between Hanoi and Amsterdam is set to start operations in June.

    What is the frequency of the planned flight service?
    Vietnam Airlines plans to operate this service three times a week.

    What is the significance of the new direct flight service to the Netherlands?
    The service will not only cater to the consistent travel demand from the approximately 27,000 Vietnamese individuals residing in the Netherlands, but it will also provide improved options for cargo transport, aiding high-value exports to Europe.

  • Singapore retail sales inch up 0.4 per cent in June

    Singapore retail sales inch up 0.4 per cent in June

    In June, retail sales in Singapore, not including motor vehicles, exhibited a modest 0.4% rise year-on-year, as reported by the Department of Statistics. This minor upswing follows a period of stagnant growth in May. With seasonal adjustments, retail sales showed a 1.4% decrease compared to May.

    The estimated overall retail sales value stood at SG$3.3 billion (US$2.6 billion), with online sales accounting for 16.2% of this figure.

    Industry Performance

    Most industries within the retail sector garnered an uptick in sales. The computer and telecommunications equipment industry saw a 7.3% increase, optical goods and book sales rose by 5.9%, and recreational goods experienced a 5.6% surge in sales.

    Additional categories such as watches and jewelry, cosmetics and medical goods, supermarkets and hypermarkets, as well as furniture and household equipment also witnessed increases ranging from 1.3% to 5.5%.

    However, not all areas of retail prospered. Petrol service stations, along with food and alcohol retailers, saw their sales decrease by 5.9% and 5.2%, respectively. Furthermore, the apparel and footwear segment, as well as minimarts and convenience stores, underwent a 2.6% reduction in sales.

    Food and Beverage Services

    Food and beverage service sales showed a marginal 0.1% increase amounting to SG$962 million in June, following a 1% rise in May. This modest growth was largely attributed to increased sales from food caterers and fast food outlets, which somewhat balanced the declining sales from restaurants, cafes, and food courts.

    Questions & Answers

    What was the overall increase in Singapore’s retail sales in June, excluding motor vehicles?
    There was a 0.4% increase in Singapore’s retail sales for the month of June, not including motor vehicles.

    Which sectors saw an increase in sales?
    Most industries within the retail sector saw an increase in sales. These include the computer and telecommunications equipment industry, optical goods and books, recreational goods, watches and jewelry, cosmetics and medical goods, supermarkets and hypermarkets, and furniture and household equipment.

    Which sectors experienced a decrease in sales?
    Sales decreased in petrol service stations, food and alcohol retailers, apparel and footwear segment, as well as minimarts and convenience stores.

  • Food Prices Spark Inflation in June

    Food Prices Spark Inflation in June

    The National Statistics Agency (BPS) head Suryamin said that inflation in June 2016 was 0.66 percent with increase in food prices as a factor. In addition, increase in air fares had contributed significantly to inflation. “An 8.27 percent increase in air fares had contributed to 0.08 percent of inflation,” he said yesterday, July 3, 2016.

    According to Suryamin, price hike occured in 38 out of 82 cities in the consumer price index (CPI) survey. Food commodity which contributed significantly to inflation was broiler chicken, which experienced price increase by 5.36 percent with 0.07 contribution to inflation. The increase occured in 74 out of 82 cities in the CPI. “Price increase occured due to price hike at the distributors,” he said.

    Suryamin said that food commodity with third highest contribution to inflation was fresh fish. Price of fish soared by 2.15 percent with 0.06 percent contribution to inflation. Other cause of inflation was broiler chicken eggs with 5.86 percent increase in price and contributed 0.04 percent to inflation. Other commodity was sugar which price had risen by 6 percent since early Ramadan. Its contribution to inflation was 0.04 percent. “Potato and carrot also contributed to inflation,” he said.

    Other commodities that contributed to inflation were rice, spinach, apple, electricity prices, gold and jewelries, and public transport fares, which contributed 0.02 percent each to inflation. Of 13 commodities that contributed to inflation, Suryamin said that only one had held back inflation. “The one that held back [inflation] was shallot,” he said.

    Director General of Horticulture, Agriculture Ministry, Spudnik Sujono has given his assurance that shallot and chili peppers supplies are safe until August.