Singapore, May 19 -- The illicit vape market in Singapore generated about 10.4 million SGD (8.12 million USD) in revenue between 2024 and 2025, a study has found. In a report published on May 18, the EU-ASEAN Business Council (EU-ABC) and market research firm Euromonitor International said illicit tobacco sales in Singapore, comprising mainly illicit cigarettes and e-vaporisers, resulted in an estimated 156 million SGD in lost government revenue over the same period. Chris Humphrey, executive director of EU-ABC, an advocacy organisation focused on promoting EU-ASEAN trade, said the scale of illicit trade in ASEAN is underestimated and growing at "an alarming pace". Its impacts are wide-ranging, spanning economic, public health and security ...