Small businesses in Singapore less affected by Covid-19 than Asia-Pac counterparts: CPA Australia

Singapore

SMALL businesses in Singapore were less affected by the negative impact of Covid-19 as compared to their Asia-Pacific counterparts - all thanks to effective govenment measures that supported businesses during the pandemic.

According to an annual survey on small businesses conducted by CPA Australia, only 55 per cent of Singaporean companies said the pandemic had affected their business adversely. This figure ranks the lowest as compared to other countries in the region such as Vietnam with 81 per cent, Indonesia with 68 per cent and Malaysia at 67 per cent.