For subscribers
Preparing for a downturn: How services sector is holding up
Consumers reining in spending, but it's not all doom and gloom
Sign up now: Get ST's newsletters delivered to your inbox

Ms Gracelyn Lin, CEO of Sing See Soon Floral and Landscaping, opened a second branch of the family business in May and says sales at the garden centre in Simei have been growing steadily.
ST PHOTO: ZHANG XUAN
DeeperDive is a beta AI feature. Refer to full articles for the facts.
When florist Gracelyn Lin opened a second branch of her family's business in May, friends were concerned.
"They said, 'Why open now, during bad times?' If people are hesitant to spend, flowers are probably something they will cut back on," says Ms Lin, chief executive of Sing See Soon Floral and Landscaping.


