SMEs keen on transformation amid challenging times

Singapore

SINGAPORE's small-and-medium enterprises (SMEs) are looking to invest in their businesses despite expectations that the next six months will bring a weaker economic environment and dent financial performance, according to a survey.

The SBF-DP SME Index has edged down from 50.7 to 50.4 this quarter - declining for the fourth consecutive quarter - in a nod to softening business sentiment and increased wariness among SMEs. The index - a joint initiative of the Singapore Business Federation (SBF) and DP Information Group - measures the business sentiment of SMEs for April to September, surveying over 3,600 SMEs between Jan 14 and March 1.