51% of Singaporeans now shopping at local businesses due to Covid-19

One in two Singapore consumers (51 per cent) said they prefer to shop at local businesses to help them recover from the business fallout from COVID-19, according to the UOB ASEAN Consumer Sentiment Study. The study findings come as one in two local businesses have reported revenue declines of more than 50 per cent due to the impact of COVID-19 and are looking at ways to rebuild their business as Singapore continues to reopen its economy.
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