The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo
SUBSCRIBERS

Pandemic driving South-East Asian shoppers online

google-preferred-sourceAdd BT as a preferred source
Annabeth Leow

Annabeth Leow

Published Thu, Aug 6, 2020 · 09:50 PM

Singapore

NEARLY eight in 10 people in Singapore will make an online purchase this year, as the novel coronavirus drives South-east Asian consumers online faster than earlier expected.

Singaporeans are also the most willing to splash out: Almost six in 10 shoppers drop at least US$50 on each online purchase - the biggest share of such "high spenders" in the region.

AseanDigital economyE-commerce

TRENDING NOW

Singapore Kitchen Equipment was founded by husband-and-wife duo Sally Chua (left) and Alan Lee.

Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now

The pair of freehold bungalows in Belmont Road will be torn down by the Ong family members to build new houses.

Lian Beng Group’s Ong family members pick up two bungalows in Belmont Road for S$60 million

Vinhomes’ growth may also underscore the broader economic trajectory in Vietnam, where GDP expanded 7.8% in the first quarter.

Vingroup’s shares surge 1,000% to overtake regional heavyweights including Singtel and JD.com

David Rubenstein, co-founder and co-chairman of The Carlyle Group, warns against “just trying to do deals for the purpose of doing deals, as opposed to getting high rates of return”.

Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More