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Marketing Featured Southeast Asia

Third of Singaporeans think cash is best performing investment in 2022

Singapore – A third of Singaporeans think cash will be the best performing investment in 2022, making it the top pick ahead of stocks, property, and cryptocurrency, according to a report by comparison platform Finder.

About 1,136 Singaporean adults and 39,573 adults globally were surveyed in December 2021, and against the global data, it was found that Singaporeans are the second most likely to back cash out of 26 countries. Only the United States ranks higher at 34%.

The next most popular picks are stocks and property (17% each), followed by cryptocurrency (15%), bonds (7%), NFTs (6%), and commodities (3%).

Finder’s Investment Editor Kylie Purcell said Singaporeans are likely seeing security in cash.

“There’s a lot of uncertainty in the market at the moment and cash is seen as a safe investment, but people need to consider the inflation-adjusted return. In October inflation rose considerably, with Singapore recording its biggest increase to core inflation in three years,” Purcell said.

“$100 dollars today may only be worth $80 down the track so consumers should be thinking about how they can inflation-proof their portfolios while maintaining liquidity should they need the cash,” Purcell adds.

However, Purcell says that with the MAS tightening its monetary policy, it could be good news for cash savers.

“When central banks look to raise interest rates, it’s typically good news for cash savers, and bad news for other investments like stocks,” Purcell concludes.

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Marketing Featured Southeast Asia

Video streaming among Singaporeans reaches all-time high, finds study

Singapore – With consumers homebound during the pandemic, online video has been gaining popularity among Singaporeans, with streaming reaching an average of eight hours and 42 minutes per week, according to a study by tech company Limelight Networks. This is higher than the global average of seven hours and 44 minutes per week, a 14% increase from the past year.

The report also showed that four in 10 have subscribed to additional streaming services in the last six months. The longer hours spent at home came out as the top reason for the increase (36%), with the availability of new content emerging as a driver for subscriptions (22%). 

Being price cautious, Singaporeans have also resorted to actions to become more economical. More than half, or 55%, of consumers, will cancel a streaming subscription due to high prices, higher than the global average of 47%. Meanwhile, almost three in 10 Singaporeans, or 29%, admit to sharing login information or using someone else’s account. Furthermore, the report also found that for most Singaporeans, delays are a dealbreaker, with 66% stating that they would be more likely to stream an undelayed live event.

In terms of the type of content, TV shows and movies are the most popular, with both being watched by Singaporeans for an average of four hours and 24 minutes weekly.

Globally, watching user-generated content has doubled over the past year to an average of four hours per week. In Singapore, YouTube dominates as the most preferred platform for watching user-generated content (68%), followed by Facebook (12%).

Edwin Koh, director of Southeast Asia at Limelight Networks said “Online video demand has clearly accelerated in Singapore this year, especially with so many people turning to video for entertainment, information, and communication as they spend more time at home due to COVID-19. Our research shows that with the rise in viewers and subscriptions, it is critical that content providers have the right combination of the content consumers want, the infrastructure to scale to meet demand and technology to give them the best possible viewing experiences.”

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Marketing Featured Southeast Asia

SG consumers await sales, promo emails from brands the most, says study

Singapore ﹘ Consumer preferences are perpetually shifting, all the more during the pandemic, and with Singaporeans, the majority – 52% –  have expressed that their most preferred mode of brand communication is sales and promotional emails from brands, according to a study by Qualtrics. 

This was followed by a desire to learn updates from brands on their response to the pandemic with 48%. Meanwhile, information into products and services came to a close third with 47%, followed by safety and hygiene protocols with 43%, while 41% stated they want receiving brand communications pertaining to reward programs. 

At large, the drivers of brand trust among Singaporeans is when they see brands are not taking advantage of a crisis to maximize profits (40%), followed by maintaining reasonable pricing (37%) and taking care of customers (32%) and employees (27%).

Lisa Khatri, research and brand experience lead for Qualtrics said “Being able to identify, understand, and respond to rapidly changing expectations is business-critical during the pandemic, and long after it. The fact that preferences toward the message and the medium have changed and yet the importance of actions remains hugely important reveals brands cannot afford to stand still in how they engage consumers.”

“As we move forward through the pandemic preferences and attitudes will continue to shift. This is why it’s hugely important businesses use technology like Qualtrics to have an “always-on the pulse” of consumer sentiment and behavior tracking. Insights delivered by Qualtrics help identify the lead indicators businesses need to design and deliver the brand communications and experiences people want, and which ultimately cultivate the trust needed to succeed,” added Khatri.