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80% of businesses see revenues hit, but most are retaining workers: SCCCI survey

Nearly 78% of respondents keeping or raising headcount from year before; only about 8% reported layoffs

Published Fri, Oct 2, 2020 · 09:50 PM
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Singapore

SOME 80 per cent of businesses here are experiencing declines in revenue, according to an annual survey by the Singapore Chinese Chamber of Commerce & Industry (SCCCI) released on Friday. This is more than double the proportion of businesses (38.7 per cent) that reported revenue declines in 2019.

Despite the upheaval, employers are retaining t…

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Rising interest in China, South-east Asia among members of SCCCI
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