Singapore still the most SME-friendly economy: survey

Singapore

SINGAPORE small and medium-sized enterprises which responded to a global SME performance review appear to be happy with government initiatives, helping the city-state maintain its position as the most SME-friendly economy for the second year running.

According to the survey which was conducted by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA), 37 per cent of SMEs in Singapore are of the view that government spending in the medium term will roughly be at the right level.