Latest figures are signalling a tightening of consumers’ purse strings, with a dip in Singapore’s retail sales last December compared to the year before. Will the recent GST hike and inflationary pressures further weigh down on red packets this Chinese New Year, and beyond? 

On this episode of Morning Shot, Song Seng Wun, Singapore Economic Advisor at CGS International shares his insights. 

Presented by: Ryan Huang & Audrey Siek

Produced and edited by: Yeo Kai Ting (ykaiting@sph.com.sg)

Graphics credits: pixabay & its talented community of contributors 

Music credits: Chordify