19 Dec '11, 9pm

Online shoppers in Singapore unfazed by economic dark clouds: by Yvonne Chan SINGAPORE - The uncertain economic

SINGAPORE - The uncertain economic outlook has not deterred online shoppers in Singapore from splurging on gifts this festive season, according to a survey by credit card company VISA. On average, online shoppers in Singapore plan to spend about US$840 (S$1,096) each on Christmas shopping this year, the survey showed. While a tad lower from last year, this is among the highest in the region, pipped only by shoppers in Australia, who have a larger budget of US$900. VISA polled more than 4,000 online holiday shoppers in eight key online shopping markets, including China, Malaysia, Indonesia, Thailand, South Korea and Japan. It says the regional average Christmas shopping budget has risen 10 per cent from last year to more than US$570 this year. VISA adds Singaporeans are also more likely to pamper themselves with an expensive gift, compared to shoppers in other markets. Ms C...

Full article: http://www.todayonline.com/Business/EDC111220-0000058/Onl...

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