The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Startups & Tech

SUBSCRIBERS

Singapore firms feel full force of economic shock more acutely than global peers: HSBC survey

Vivienne Tay

Vivienne Tay

Published Tue, Jul 21, 2020 · 09:50 PM
Share this article.

Singapore

SINGAPORE firms feel the full force of the economic shock more acutely than their global peers, according to survey findings from HSBC released on Tuesday.

It showed that 87 per cent of Singapore respondents said they felt the impact "strongly", compared with 72 per cent of global peers.

The survey took in the responses from more than 2,600 companies from 14 markets globally in May 2020, including 200 firms in Singapore.

HSBC said the survey reflects the Republic's official data, which revealed the trade-dependent economy shri…

SEE ALSO
HSBC contributes more than S$500,000 to sustainability initiatives since 2020
A NEWSLETTER FOR YOU
Friday, 8.30 am
SGSME

Get updates on Singapore's SME community, along with profiles, news and tips.

KEYWORDS IN THIS ARTICLE

Trade
Supply Chain
Digitalisation

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Technology

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here