The Business Times
business-time-50
SGSME logo

Bittersweet festive season for Singapore’s artisanal chocolatiers

google-preferred-sourceAdd BT as a preferred source
Renald Yeo

Renald Yeo

Published Thu, Dec 21, 2023 · 05:00 AM
    • Demand has failed to meet expectations in 2023, said local chocolate-makers.
    • Demand has failed to meet expectations in 2023, said local chocolate-makers. PHOTO: YEN MENG JIIN, BT

    SALES are holding steady for Singapore’s artisanal chocolatiers this festive season – yet this is a disappointment compared to start-of-year hopes, while margins have also shrunk due to rising business costs.

    Sales in November and December are set to be on a par with or slightly exceed 2022’s numbers, local chocolate-makers told The Business Times.

    This outlook is not as cheery as once expected. At the start of 2023, the removal of pandemic-era restrictions and resumption of inbound travel made for rosy forecasts.

    Singapore SMEsSingapore F&B

    TRENDING NOW

    This comes after a Citi note that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    The eligible projects include Sun Group’s developments linked to the Asia-Pacific Economic Cooperation summit in Phu Quoc in 2027.

    Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects

    Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

    E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

    In hiring for AI-fluent users, companies will do well to better define and test applicants on their capacity for human oversight.

    Employers want AI-fluent employees. Hiring them is the challenge

    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