Business Daily Media

The Times Real Estate

.

Amazon invested over S$2 billion in Singapore and enabled the creation of more than 10,000 indirect jobs in 2023

  • Amazon helps thousands of Singapore-based businesses to sell their products in the Amazon store.
  • Through Amazon Global Selling, Singapore selling partners can export their products to customers around the world on Amazon.

  • Amazon Web Services (AWS) enables thousands of Singapore customers to use the AWS Asia Pacific (Singapore) Region to digitally transform.

  • SINGAPORE - Media OutReach Newswire - 28 November 2024 - Today, Amazon announced that it has invested more than S$2 billion across its retail and cloud businesses in Singapore in 2023. This includes both capital expenditure such as improvements to existing infrastructures, including fulfilment centers, delivery stations, and data centers, and operating expenditure towards technology, safety, expansion of programs for customers, delivery partners, small and medium businesses and employee compensation.

    The company’s investment in Singapore supported more than 4,000 indirect jobs in areas like construction, logistics, and other professional services according to third-party consultancy firm Keystone Strategy. In addition, according to a survey conducted by Amazon, Singapore businesses selling on Amazon have created more than 6,000 jobs to support their Amazon-related business activities. In total, Amazon supported more than 10,000 indirect jobs in Singapore in 2023 alone.

    Amazon’s local investment reflects the company’s continued commitment to create solutions and services that delight Singapore customers and contribute to the growth of Singapore businesses. “Since the start of our operations in Singapore in 2010 and the launch of Amazon.sg in 2019, we’ve been able to invest and grow our presence in the country with the support of our customers and selling partners,” said Peter Li, Director, China & Singapore, International Store, Amazon. “We’re humbled to see our investments unlock growth opportunities for businesses in Singapore and are proud to continue to support Singapore's economy and digitization."

    Since the launch of Amazon Prime Now in 2017 (now renamed Amazon Fresh) and Amazon.sg in 2019, Amazon has continued to invest in its operations to offer a faster and more convenient shopping experience for Singapore customers. Amazon’s investments have enabled the company to avail same-day and next-day delivery for eligible products to customers in Singapore. In addition, Amazon Prime membership in Singapore offers unlimited access to award-winning movies and TV episodes with Prime Video, and video game benefits with Prime Gaming, access to Prime Day and Prime Big Deals Days, free 2-hour scheduled delivery on groceries with Amazon Fresh, free one-day domestic delivery for eligible items as well as free international delivery with no minimum spending on eligible items.

    Thousands of Singapore-based businesses - many of which are small and medium-sized enterprises - sell their products in the Amazon store. Through Amazon Global Selling, Singapore selling partners can export their products to customers around the world on Amazon. Amazon continuously invests in tools, services and programs to improve its selling partners’ experience and help them grow their businesses with Amazon. This includes tools leveraging generative artificial intelligence such as the option for selling partners to provide a URL to their own website to easily create high-quality product detail pages on Amazon, freeing up valuable time for other business priorities. In 2023, Amazon launched the “Singapore Cross-border Brand Launchpad” developed together with Enterprise Singapore and the Singapore Business Federation to help over 100 local Singapore micro, small and medium enterprises to launch and scale their brands, and access export opportunities in the United States by 2025.

    Amazon Web Services (AWS) has been supporting Singapore’s digital transformation ambition by helping Singapore businesses modernize IT and innovate securely at pace since it started operations in Singapore in 2010. Today, thousands of active Singapore customers, such as Grab, Maritime & Port Authority of Singapore, Singlife, and Synapxe, use the AWS Asia Pacific (Singapore) Region to digitally transform. With over 25 years of experience in artificial intelligence (AI), AWS is working with Singapore organizations to develop innovative, industry-first solutions powered by AI and generative AI. Recently, AWS launched its AI flagship program, AWS AI Spring, a multifaceted collaboration with the Singapore Government, public sector organizations, and enterprises to help accelerate the adoption of AI and generative AI in Singapore.

    Amazon is committed to supporting the communities where it operates. In 2023, as part of its Delivering Smiles program, Amazon Singapore donated $100,000 in cash to 4 local non-profit organizations, including Children’s Wishing Well, Club Rainbow (Singapore), Fei Yue Family Service Centre and Glyph Community, to help children and youths in Singapore better learn, play, and develop in the long-run. In 2022 and 2023, AWS InCommunities sponsored the Science Centre Singapore’s Youth STEM Empowerment program, guiding students to develop innovative products and solutions to solve real-life community problems using Science, Technology, Engineering and Mathematics (STEM). More recently, Amazon and Singapore’s Infocomm Media Development Authority (IMDA) announced a strategic collaboration under the national Digital for Life movement to help advance Singaporeans’ essential digital skills - including safe online shopping and GenAI - through the organization of community workshops. These educational initiatives are led by corporate volunteers from Amazon.sg, Amazon Payments and AWS, supported by IMDA. AWS has trained more than 400,000 people in Singapore on cloud skills since 2017.

    Amazon is committed to investing and innovating in sustainability across its businesses in Singapore. Amazon has invested in two renewable energy projects in Singapore – a 62 megawatt (MW) solar project with Sunseap, and a 17.6 MW project with Sembcorp. Combined, these projects will generate enough renewable energy to power nearly 20,000 Singaporean homes each year. Amazon is working hard to reduce delivery packaging across its Singapore fulfilment operations. Since 2021, Amazon has increased the number of non-grocery orders sent without added delivery packaging from our Fulfilment Centre to Singapore customers by 80 %. By working closely with brands on their packaging, Amazon is enabling more and more essential items – such as nappies, toilet rolls and bottled drinks – to be delivered to Singaporean homes without additional delivery packaging.

    Amazon strives to be Earth’s Best Employer by offering career opportunity and mobility programs to employees and prioritizing creating a safe, inclusive, and welcoming workplace for all employees. In 2023, Amazon signed a Memorandum of Understanding (MoU) with SG Enable, Singapore’s focal agency for disability and inclusion, to hire persons with disabilities and help create equal opportunities for them at Amazon’s operations facilities in Singapore. Amazon was ranked among the top 10 companies in 2023 on LinkedIn’s Top Companies list—an annual list that identifies the most sought-after places to work in Singapore, and earlier this year, Amazon Web Services (AWS) Singapore has been endorsed by its employees and Certified™ by Great Place To Work® for 2024.


    Hashtag: #Amazon

    The issuer is solely responsible for the content of this announcement.

    About Amazon

    Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth's Most Customer-Centric Company, Earth's Best Employer, and Earth's Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit About Amazon (https://www.aboutamazon.sg).

    News from Asia

    LFC and adidas reunite with new multi-year partnership

    LIVERPOOL, UK - Media OutReach Newswire - 13 March 2025 - Liverpool Football Club and adidas have agreed a new multi-year partnership that will see the sportswear giant once again become the club...

    Prince Holding Group Earns Fifth Consecutive ‘Best in Cambodia’ Award for CSR Initiatives

    Recognized at the 17th Annual Global CSR & ESG Awards for Sustainable Development Efforts PHNOM PENH, CAMBODIA - Media OutReach Newswire - 13 March 2025 - Prince Holding Group has been recogni...

    Galaxy Macau’s Reveals a Galaxy of Stars As the Integrated Resort’s Restaurants are Awarded Five Michelin Stars in the 17th Michelin Guide Hong Kong Macau 2025

    Sushi Kissho by Miyakawa Celebrates a Stellar Debut MACAU SAR - Media OutReach Newswire - 13 March 2025 - In the 17th Michelin Guide Hong Kong Macau 2025, Galaxy Macau™, the world-class luxury in...

    Melco continues to lead with the city’s top number of Stars granted by MICHELIN Guide Hong Kong & Macau 2025

    MACAO SAR - Media OutReach Newswire - 13 March 2025 - Melco Resorts & Entertainment continues to lead in Macau in the newly published MICHELIN Guide Hong Kong & Macau 2025, being granted ...

    Singapore G Unveils the Largest Cold Storage Facility in Central Singapore, Reinforcing Its Commitment to Supporting SMEs and Business Growth

    SINGAPORE - Media OutReach Newswire - 14 March 2025 - Singapore G, a trailblazer in space solutions, today announced the grand opening of MustardSeed@SG Cold Store, a cold storage facility in the ...

    GROW with Singlife and aberdeen Launch New Exclusive Share Class of Global Income Bond Fund to Deliver Sustainable Payouts Amid Market Volatility

    Globally diversified portfolio of crossover bonds aims to deliver attractive yields for investors SINGAPORE - Media OutReach Newswire - 14 March 2025 - GROW with Singlife ("GROW"), the integrated...

    Konica Minolta wins 2025 A3 Line of the Year Award and four Pick Awards from Keypoint Intelligence

    Recognition of Konica Minolta’s adaptable, future-ready innovations in office printing technology. SINGAPORE - Media OutReach Newswire - 14 March 2025 – Konica Minolta has been awarded five ...

    Silver vs. Gold: Octa Broker's Expert Take on the Future of Precious Metals

    KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 14 March 2025 - Silver is attracting investor interest, with market analysts predicting a potential leap to $40 per troy ounce in 2025...

    Asia trade set for continued growth despite challenging global business environment, reveals DHL Trade Atlas 2025

    India, Vietnam, Indonesia, and the Philippines are forecast to lead in both speed and scale of trade growth from 2024 to 2029 South Asia and Southeast Asia regions set to ach...

    Incode joins Australia’s Age Assurance Technology Trial to protect children online

    With a market-leading +99% accuracy rate, Incode will play a key role in safeguarding Aussie minors on social media Incode Technologies Inc., a...

    Empowering small businesses: Localsearch rolls out affordable digital solutions

    New suite of digital solutions designed to boost visibility, engagement, and customer acquisition In response to a rapidly evolving digital lan...

    Why Responsible Leadership is a Competitive Advantage for Small Businesses

    In today’s fast-changing business landscape, leadership is evolving. While large corporations are reassessing their diversity, equity, and inclusi...

    Why it’s a great time to include the EU in your export push

    With the US market beset with unknowns, training your sights on mainland Europe in 2025 makes sound sense. Wondering whether the introduction o...

    Success Isn’t About Labels—It’s About Mindset

    In the lead up to International Women’s Day, I’ve been reflecting on my own success as a business owner and whether or not being a woman has playe...

    Accelerate Action- Thryv champions women in business for International Women’s Day

    Thryv® (NASDAQ: THRY), provider of the leading small business software platform, is celebrating International Women’s Day by shining a spotlight o...

    Sell by LayBy