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Rising cost of business hurting margins, but SMEs look to new growth markets, innovation

Survey finds 43.3% looking for new markets, 35.7% turning to innovation

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SMEs should leverage on SCCCI's close connections to enable them to enter overseas markets, says Mr Ng.

Singapore

THE rising cost of business may be outpacing revenue and suppressing profit margins, but SMEs are actively finding new growth markets and innovating their products and services, according to the Annual Business Survey conducted by the Singapore Chinese Chamber of Commerce and

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