Singapore SMEs brace for another year of rising costs
Add BT as a preferred source
Renald Yeo
EVEN as Singapore’s inflation cools this year, small and medium-sized enterprises (SMEs) are expected to face continued – or even intensifying – cost pressures.
Industry leaders noted four areas of concern: rents; labour costs; utilities and fuel charges; and pass-through costs from suppliers.
Rents: Still heading up
Rental charges of commercial and industrial spaces will generally tick up in 2024, said Ang Yuit, president of the Association of Small and Medium Enterprises (Asme).
TRENDING NOW
Lamborghini-driving boss of Eminent Frog Porridge charged with S$3.8 million tax evasion, money laundering
Not in education, employment or training: Why more Hong Kong youths are opting out of work
With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
