Some bars absorbing cost increase after alcohol tax hike in Singapore
Despite the recent hike in alcohol tax, some bars are absorbing the cost increase and maintaining their prices
Published on Apr 25, 2014 12:18 PM
Alcohol tax hike? Don't panic, booze hounds. There are still relatively cheap drinks to be had around town.
About two months after Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam announced in his Budget statement that liquor tax has been raised 25 per cent, some bars have chosen to absorb the cost increase. Others have introduced more food items to menus, while yet others have extended their happy hours - banking on patrons staying longer and spending more to make up for any dip in profits.
At least five watering holes are maintaining their prices.
Tanuki Raw in Orchard Central, which serves Japanese-inspired dishes with a focus on raw food such as oysters, is sticking to charging $10 for martinis during its happy hours. "$11 just isn't as catchy", says owner Howard Lo, 37.
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“It is more important for us to retain existing customers and keep them happy.”
Mr Jacob Pang, co-director of Suprette diner