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Covid-19 prompts spurt in new, small businesses like no other crisis

Boom in cellphone use, digital platforms seen as cost-efficient way to reach consumers; exit of some players has prompted others to enter market

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The Covid-19 crisis has thrown Singapore into its worst recession since independence. But it has also ignited the biggest spark of small business formation in crisis times.

Singapore

THE Covid-19 crisis has thrown Singapore into its worst recession since independence. But it has also ignited the biggest spark of small business formation in crisis times.

The Business Times found that the Republic has seen a mushrooming number of businesses formed over...

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