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Net business formation in first 9 months 28% below average in recent years

“MTI expects the net formation of businesses to remain subdued for the rest of 2019,” Mr Chee said.


IN THE first nine months of 2019, net formation of business entities has been about a quarter lower than the average in recent years, Senior Minister of State for Trade and Industry Chee Hong Tat said in response to a parliamentary question on Tuesday.

Net formation - the...

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