08 Feb '11, 1am

Dining, entertainment spending to rise

DINING and entertainment are set to take a bigger chunk of consumer spending in Singapore. In a MasterCard survey on consumer purchasing priorities, 74 per cent of respondents here said they will blow money on these items in the next six months. It is the highest level indicated since MasterCard began this poll in 2009. Six months ago, 70 per cent of respondents said they would spend on these items. This is the third time that this category has topped Singapore consumers' spending priorities. Consumer electronics, together with fashion and accessories, came in second, while international personal air travel was third on the list. Ms Julienne Loh, MasterCard Worldwide's vice-president and country manager for Singapore, said it was encouraging to note the significant rise in the top three spending priorities. Read the full story in Tuesday's edition of The Straits Times.

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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