SMEs grapple with rising costs, stiff competition: survey

Singapore

THE recent economic data in Singapore may paint a rosy picture, but a recent report found that small and medium-sized enterprises (SMEs) are not out of the woods yet.

The Annual Business Survey 2017 by the Singapore Chinese Chamber of Commerce & Industry showed mixed findings; business sentiment may have gone up marginally, but more SMEs face rising business costs compared to the year before.