Bright Consumer Outlook Amid Rising Tourism Levels And Spending Power

The Singapore consumer remains in strong shape. Tight labour conditions, higher wages and increasing tourism levels are expected to have a strong knock-on effect on the consumer-facing sectors in Singapore and should leave consumer-facing companies poised to do well in 2011. Ageing population woes will continue to dampen Singapore's appeal to consumer-facing players, but the aforementioned positives should prove supportive of continued domestic demand strength over the long term.

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