Singapore SMEs increasingly ‘immune to uncertainty’ after years of volatility: OCBC executive

[SINGAPORE] Small and medium-sized enterprises (SMEs) in Singapore have increasingly built a tolerance against volatility, after multiple years of uncertainty in recent times.

They are now more adaptable and resilient, having learnt to build up more buffers and diversify their supply chains, said Eric Ong, head of enterprise banking, global commercial banking at OCBC.

“The SMEs have adjusted,” he said. “When you talk to SMEs now, the antenna for risk management is so much higher to navigate the uncertainty.”