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Singapore firms to spend on expansion, IT: survey

Despite reduced confidence in economy, they see exports contributing to growth and IT investment raising productivity

More than half (52 per cent) of the survey's local respondents expect their companies to expand activities in China, higher than the worldwide average of 39 per cent.

SINGAPORE business leaders are now slightly less optimistic in their outlook on economic expansion, although they intend to invest more in new markets and technology.

This is according to the eighth annual American Express/CFO Research Global Business and Spending Monitor (GBSM), a survey