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Singapore SME sentiment at its lowest since 2013

Business sentiment index covering 6 sectors dips for third straight quarter, though the above-50 score denotes that the outlook is still positive

Lincoln Teo, chief operating officer of DP Information Group: "We believe that despite demand, hiring pressures have forced some SMEs to cut back their capacity, resulting in a moderation of expectations for the next two quarters."


SMALL and medium-sized enterprises (SMEs) in Singapore continue to feel the squeeze, bogged down by uncertainties in the global economy, a tough operating environment at home and hiring pressures.

An index of business sentiment set up by the Singapore Business Federation