Strong festive season for consumer sectors, but cautious optimism for 2022
Pandemic uncertainty and rising costs continue to be major threats going into 2022
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Singapore
THE festive season has brought cheer after a turbulent year for the hospitality, food and beverage (F&B) and retail sectors. But businesses remain cautiously optimistic heading into 2022, with the rise of the Omicron variant and an uncertain operating environment caused by fluctuating measures.
Industry players told The Business Timesthat some business has returned with the resumption of activities like weddings and live events, as well as the recent increase in tourism, thanks to the Vaccinated Travel Lanes (VTL).
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