Strong festive season for consumer sectors, but cautious optimism for 2022
Pandemic uncertainty and rising costs continue to be major threats going into 2022
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).
TRENDING NOW
LTA proposes combining car COE categories, adding rebate-surcharge system
StarHub to acquire MyRepublic’s mobile business amid ongoing telco consolidation
DBS, OCBC, UOB rout lops billions off STI as inflation, rate concerns spook investors
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
