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Regulations gnawing at corporate profits

Credit Suisse expects S'pore GDP growth to slow to 1.1% in 2017

Singapore

PRO-CONSUMER regulatory changes in the last five years may have sapped Singapore Inc's mojo, a new report shows, signalling the need for the Republic's productivity drive to rev up urgently.

A Credit Suisse report on Friday pointed to falling corporate profitability and rising labour costs as reasons to stay cautious on the Singapore market.

"Bad and getting worse," said the report. The bank now expects GDP growth to slow to 1.1 per cent in 2017 - less than the consensus expectation of 1.9...

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