Food and mobile phone sectors thriving despite economic woes

  • Business Premium
  • Monday, 16 Feb 2009

AT a time when consumer spending is expected to slow down, two sectors seem to indicate they may be relatively resilient – food and beverage (F&B) and mobile phone communications.

These are, of course, staple consumer items as opposed to discretionary goods and services, and they have similar demand patterns with that of the “sin sectors” – gaming, beer and tobacco.

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