Revenue chasm widens between Singapore's large corporates and SMEs
Turnover of top 1,000 firms hits S$3t from S$2t in 3 years; top 1,000 SMEs manage 2.9% year-on-year rise
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Mindy Tan
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Singapore
THE combined revenue of Singapore's top 1,000 companies has hit the S$3 trillion mark in double-quick time, even as small and medium enterprises (SMEs) are hampered by headwinds, according to the latest S1000 and SME1000 rankings.
These top corporates crossed the S$2 trillion mark just three years ago; comparably, it took them six years to move from the S$1 trillion milestone in 2007 to the S$2 trillion mark in 2013.
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