Toilet paper is the hot new currency in Singapore and Hong Kong

TheStar Fri, Feb 14, 2020 01:37pm - 4 years View Original


Scared shopping: People hoarding toilet paper rolls at a supermarket in Hong Kong.

SINGAPORE: In the high-stakes world of gift giving in Asia’s financial hubs, Montblanc pens and leather folios are out - toilet paper and surgical masks are most definitely in.

As fears of the novel coronavirus (Covid-19) spread across the region, pharmacies and supermarkets in Hong Kong and Singapore are running out of basic supplies like toilet paper, paper towels, hand sanitizer and especially masks.

That’s created an opportunity for financial service providers looking to wow clients and bolster relationships. The Singapore arm of online trading provider IG Group went viral after handing out party packs with 3M Co. N95 face masks, digital thermometers and bottles of Dettol antiseptic.

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