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CHINESE NEW YEAR DAY 1: WOULD YOU PAY MORE FOR YOUR COFFEE?

Dear readers, today is the first Day of Chinese New Year and I wish All of You a Happy Chinese New Year of the Wooden Dragon!

As usual and as expected, Day 1 of Chinese New Year is a day where a majority of retail shops are closed for the day. It is one of the rarer times of the year when one can walk into a shopping centre to find that the shopping centre is deserted. And this is where those stalls that are still open on Day 1 of the Chinese New Year will draw most of the crowds looking for a snack, or meals or purchases.

I bought coffee from one of those traditional toast chains today. Before I made payment, the cashier reasonably informed me that each item to be purchased will come with an additional 50 cents Chinese New Year surcharges. The cashier asked me whether I would still like to proceed with my order given the surcharges.

Well, it is not too difficult to answer the cashier. I slept late on Chinese New Year eve and there I was, rather tired but would like to be in the Best form when I met up with my relatives, many of whom I have not met for years. So the answer is a straight away yes!

The iced kopi which I have asked for upside costs $3.80 and a 50 cents surcharge translates into an additional 13.2% of the cost of the iced kopi. But the surcharge is worth it, not only for me to be in the best form as earlier mentioned but it also serves as a morale booster for staff who still have to be at work on the first day of Chinese New Year.

Have a Great Chinese New Year!

That’s it for my insights today.  I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!


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