[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 spread across the region, pharmacies and supermarkets in Hong Kong and Singapore are running out of basic supplies such as toilet paper, paper towels, hand sanitiser 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.
IG began distributing the gifts after Singapore raised the viral alert to orange - a critical level. What started as an amusing idea from the company's local management team quickly spiraled and now its staff and clients have been receiving the care packs in the office and via mail. The gift has proven timely with some banks across the central business district evacuating their offices and requiring employees to work from home.
"It all started as a precaution for friends and family and then others started asking how to get the masks and other things," said Terence Tan, head of business development at IG Asia Pte."So we thought: Why not get these things for our staff and clients?"
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