Decline in corporate gifting this Chinese New Year
Some firms are ordering hampers in smaller quantities, while others are forgoing the practice altogether
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Claudia Chong
Singapore
COMPANIES here are feeling the effects of a sluggish economy, if the decline in corporate gifting is anything to go by.
Local gift businesses have seen a reduction in order volumes from corporate clients this Chinese New Year, with many citing the reduction in corporate gifting budgets as the cause. Meanwhile, corporate orders for Chinese New Year goodies have soared, perhaps indicating a shift towards cheaper options for gifts.
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