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CNA, 19 February 2025
Budget 2025 is not just a goodie bonanza, it signals where money needs to be spent in the future, say economists in this episode.
NUS BizBeat, 1 October 2023
Assistant Professor Yeow Hwee presents intriguing findings from an experiment comparing Wall’s and Haagen-Dazs ice cream brands. By analyzing data from Nielsen’s Home Scan panel and survey results, he investigates whether consumers’ expectations of future inflation affect their choice between higher-quality, more expensive products and cheaper alternatives.
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Selected Citations
The Straits Times, 11 February 2025
In 2024, Singapore's inflation rate eased to 2.4%, a significant drop from 4.8% in 2023. Despite this overall easing, essential expenses like accommodation, food, and healthcare continued to exert upward pressure on household budgets.
Yeow Hwee noted that consumers often adapt to rising cost by substituting with cheaper but lower-quality options. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The Straits Times, 21 November 2024
Barry Callebaut, the world's largest chocolate manufacturer, aims to achieve 75% of its cocoa ingredients are sustainably sourced by 2025.
Yeow Hwee observed that in Singapore, price remains the primary concern for consumers when purchasing groceries. He suggested implementing an individual carbon scorecard system, linking consumers to their carbon footprint to encourage environmentally conscious purchasing decisions.
CNA, 5 April 2024
In March 2024, Singapore's retail sales experienced a 2.7% year-on-year increase, driven by higher sales in sectors such as food and beverage, apparel, and department stores.
Yeow Hwee commented that this uptick reflects a recovery in consumer confidence and spending patterns, especially as the economy stabilizes post-pandemic. He noted that while online sales remain significant, the return to physical retail spaces indicates a shift towards pre-pandemic shopping behaviors.
TODAY, 14 May 2022
As Singaporean households grapple with soaring electricity prices, largely due to global energy market disruptions, there's a growing emphasis on sustainable energy solutions.
Yeow Hwee emphasized that this period could serve as a catalyst for both policymakers and households to invest in renewable energy sources, such as solar power, to mitigate future energy price volatility and promote environmental sustainability. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx. x. x. x. xxxxxxxxxxxxxxx
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