Singapore wants to be an e-commerce hub as Asia's digital economy grows

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Singapore is working with global internet companies like Google to further transform itself into a leading e-commerce hub in the region.

As the pandemic reshapes consumer behavior worldwide, more and more people in the region are shopping online and Southeast Asia's digital economy saw significant growth.

A group of Black Friday online shopping purchases photographed in delivery boxes filled with polystyrene packing pellets, taken on September 13, 2019.Singapore wants to become a leading e-commerce hub in Asia — but there may be challenges ahead. Still, the city-state faces a skills shortage for digital talent — and that's critical for its ambition to become a global e-commerce player, he told CNBC'sThe problem that we're seeing is not necessarily jobs — it's skills. There's an urgent need to help the workforce build digital skills to take on these jobs.Google

The U.S. tech giant has also been focused on helping to reskill people who have been impacted by the pandemic. In order for Singapore to capitalize on these trends, several factors need to come together to fuel that growth, said Selena Ling, chief economist at OCBC Bank in Singapore.

 

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Singapore is such a wonderful place!

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