TOPLINE
·
SUBSCRIBERS

Taka Jewellery sets sights on overseas trade shows for post-pandemic growth revival

Paige Lim

Paige Lim

Published Mon, Mar 25, 2024 · 05:00 AM
    • Michael Teo, managing director of Taka Jewellery, says the group has observed growing demand from new trade buyers in South-east Asia and South Asia in recent months.
    • Michael Teo, managing director of Taka Jewellery, says the group has observed growing demand from new trade buyers in South-east Asia and South Asia in recent months. PHOTO: YEN MENG JIIN, BT

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    WITH international borders fully reopened since the lifting of pandemic restrictions, Taka Jewellery is pinning its hopes on overseas trade shows as a primary growth driver in the post-pandemic era.

    The Catalist-listed group has seen a surge in demand from new trade buyers in South-east Asia and South Asia in recent months, particularly from Vietnam, Myanmar and Sri Lanka, said Michael Teo, the group’s managing director.

    “Last time, buyers from these countries didn’t spend a single cent, but now they can spend about S$100,000 to S$200,000 (at each trade show),” he said in an interview with The Business Times.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Copyright SPH Media. All rights reserved.