SINGAPORE — From Coldplay to Taylor Swift, Singapore will be seeing a slew of headline acts visiting its shores next year.
, economists and business experts have told TODAY that while the concerts will bring benefits to the tourism and related sectors, its impact on inflation will be limited.
Last November, a Bloomberg report also described the phenomenon of “Swiftonomics”, where demand for American artist Swift’s concerts shows how consumers are willing to spend on what they missed out on during the pandemic, even as a recession looms. Associate Professor Lau Kong Cheen, from the Singapore University of Social Science’s School of Business, said that major concerts in Singapore will draw regional fans here and directly increase revenue for sectors such as hospitality, F&B and retail.
Since its debut in 2008, the night race in Singapore has generated more than S$1.5 billion in incremental tourism receipts. He estimated that conservatively, the Coldplay concert alone would contribute a revenue of S$96 million to Singapore. The CPI measures the average price changes over time of a fixed basket of consumption goods and services commonly purchased by the resident households here.
CIMB Private Bank economist Song Seng Wun said that inflationary pressure can occur from the “multiplier effect” of organising concerts.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Cost guide to starting your own business in Singapore - Singapore NewsIf starting your own business has always been your dream, here’s a step-by-step guide on how to be an entrepreneur and the expenses you must be prepared to bear
続きを読む »
Stories you might’ve missed, June 30 - Singapore NewsHere are the top stories published today...
続きを読む »
Workers' Party files motion for govt to commit clear & achievable goals for Singapore’s sporting success - Singapore NewsThe motion also seeks the government to evaluate and improve the nation’s sporting ecosystem so that achievable goals can be set for the coming years.
続きを読む »
Residents highlight concerns in rising cost of living during People’s Alliance first walkabout - Singapore NewsThe residents were enthusiastic to hear about the People's Alliance, and they expressed their concerns about the rising cost of living, the cost of HDBs, and job security for the locals.
続きを読む »
If a major El Nino hits, how prepared is Singapore?SINGAPORE - In the coming weeks, a national guide on preventing heat stress will be released to help people plan their activities and what to wear outdoors, and the protective actions to take to avoid heat injuries. Read more at straitstimes.com.
続きを読む »
476 suicides reported in Singapore in 2022; highest in more than 20 yearsThe number of suicides in Singapore rose by 25.9 per cent last year.
続きを読む »