Market Report, "Tobacco in Singapore", Published
Compared to 2011, tobacco posted lower volume growth in 2012 including cigarettes, cigars and smoking tobacco. Stricter regulations implemented by the government resulted in slower volume and value growth in cigarettes. Due to the uncertain economic climate as a result of the euro debt crisis, consumers became more cautious in their discretionary spending. Coupled with the slower tourist inflows, volume growth of cigars was slightly affected in 2012. On the other hand, higher tax rates of RYO...
View full press release