Skip to main content
Home The New Paper
  • Home
  • News
    • Singapore
    • World
    • Business
    • Views
    • Backstage
    • Others
  • Sports
    • Football
    • Singapore Football
    • Team Singapore
    • School Sports
    • Athletics
    • Basketball
    • Cricket
    • Swimming
    • Tennis
    • Golf
    • Racing
    • Others
  • Entertainment
    • Movies
    • Music
    • TV
    • Star Style
    • School of Frock
  • Lifestyle
    • Makan
    • Hed Chef
    • Weets Eats
    • Health
    • Tech
    • Travel
    • Fashion
    • Shopping
    • Biker Boy
    • Celeb Chow
    • Others
  • Racing
  • Your Tip-Offs
  • Read E-Paper
  • Contests
  • Coupon
  • Team

Popular

  • COURT & CRIME
  • Food & Drink
Singapore

Amex launches cashback initiative to boost local businesses

Amex launches cashback initiative to boost local businesses
Tong Heng's general manager Ana Fong said people who usually travel abroad to make purchases are now buying locally. The pastry shop is one of the Shop Small movement's participants. PHOTO: AMERICAN EXPRESS
Samuel Devaraj
Nov 24, 2020 06:00 am
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • E-mail this article
  • 0 Engagements

To encourage spending at about 2,000 businesses in Singapore, American Express (Amex) will launch its largest ever cashback initiative here.

Through its Shop Small movement, Amex card members can enjoy a $5 cashback when they spend at least $10 in participating businesses here next month.

Each Amex member will get the $5 cashback a maximum of three times they use the card during the month.

The initiative comes after the American Express Business Recovery Research for Singapore surveyed 300 local businesses and found more than half saying they would not be able to stay open for more than six months if sales do not recover to pre-Covid levels by the end of the year.

This is despite several of the businesses reporting higher sales in September and October compared with the same period last year.

Many businesses cited the drastic reduction in the number of tourists as a reason for their dire outlook while some said certain safe management requirements are hurting them.

Courts to open new flagship store at The Heeren next year
Singapore

Courts to open new flagship store at The Heeren

Jan 15, 2021

Related Stories

Malaysian floods send fish, veggie prices soaring

MAS calls on Singaporeans to adopt e-hongbao this Chinese New Year

She takes leap to be hawker after years in banking sector

Speaking at a virtual panel discussion yesterday, Mr Kean Ng, senior director of Aspial, which owns homegrown brands such as Lee Hwa Jewellery and Goldheart Jewellery, said shoppers in malls might not want to enter specific stores if they need to do a safe entry check-in for a second or third time.

It is not all gloom, though.

Pastry shop Tong Heng's general manager Ana Fong told The New Paper: "Those who usually travel abroad to make purchases are now buying locally. People are also willing to spend the money they would use for travelling on themselves and the people around them."

Calling on Singaporeans to support local businesses, American Express Singapore's country manager Ho Yat-Wai said: "Shop Small is American Express' way of showing up for our community by raising the profile of our local businesses and connecting them with our card members. I hope everyone joins us to support our local businesses."

Get The New Paper on your phone with the free TNP app. Download from the Apple App Store or Google Play Store now

CONSUMER ISSUES

Samuel Devaraj

Read articles by Samuel Devaraj
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • E-mail this article
  • Newslink -  Purchase this article for republication

Top Stories this Month

ICA officers find contraband cigarettes in God of Fortune figurines
Singapore

Thousands of duty unpaid cigarettes found in CNY figurines on lorry: ICA

Jan 18, 2021
Family of girl raped, killed in 1995 appeal for help with case
Singapore

Family of girl raped, killed in 1995 appeal for help with case

Jan 11, 2021
Covid-19 vaccination centres to be opened soon
Singapore

Singapore set to open Covid-19 vaccination centres

Jan 12, 2021
Home
  • Contests
  • Coupon
  • Team
  • Home
  • News
    • Singapore
    • World
    • Business
    • Views
    • Backstage
    • Others
  • Sports
    • Football
    • Singapore Football
    • Team Singapore
    • School Sports
    • Athletics
    • Basketball
    • Cricket
    • Swimming
    • Tennis
    • Golf
    • Racing
    • Others
  • Entertainment
    • Movies
    • Music
    • TV
    • Star Style
    • School of Frock
  • Lifestyle
    • Makan
    • Hed Chef
    • Weets Eats
    • Health
    • Tech
    • Travel
    • Fashion
    • Shopping
    • Biker Boy
    • Celeb Chow
    • Others
  • Racing
  • Your Tip-Offs
  • Read E-Paper
  • Contact TNP
  • About SPH
  • Privacy Statement
  • Data Protection Policy
  • Member Terms & Conditions
  • Website Terms & Conditions
SPH Digital News Copyright © 2021 Singapore Press Holdings Ltd. Co. Regn No. 198402868E