Most Singapore firms see uncertainty continuing for another year

Some 66% of large companies and 61% of small and medium-sized firms expect “continued uncertainty” in the next 12 months, according to the figures. One-fifth of businesses anticipate a second wave of coronavirus infections that prompts another economic slump in the city-state, just 10% believe the worst is already over and 8% expect the availability of a vaccine to help the economy return to previous levels.

The federation received 225 responses from Aug. 7-21 on what support the business community still needs as Singapore battles what’s set to be its worst recession on record.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore remains open, but firms should focus on Singaporean core: Tan See LengWHILE Singapore remains open to global talent and investment, companies operating here should put more effort into strengthening their Singaporean core, new political office-holder Tan See Leng said in his first speech in Parliament on Monday, giving an overview of efforts to help both workers and businesses. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »