Firms gloomier about H1 2019, BT-SUSS survey finds

Singapore

HAVING ended 2018 on a subdued note, firms are now gloomier about business prospects in the first half of 2019, the latest quarterly Business Times-Singapore University of Social Sciences (BT-SUSS) Business Climate Survey has found.

In particular, foreign firms saw their fortunes take a turn for the worse, after having previously performed better than other groups. However, all firm types reported a better performance in their overseas business activities than those in Singapore.

The survey had asked firms about their performance in the last quarter of 2018, compared to the year-ago period; they were also asked to assess their…