Weak sentiment persists, but SMEs still expecting to keep headcount: SCCCI report
85.4% in survey expect to add staff or remain the same in 2016, up from 83.7% last year
Singapore
BUSINESS sentiment among small and medium-sized enterprises (SMEs) in Singapore remains weak, as they continue to struggle against global economic headwinds and weak market conditions.
Some 80 per cent of SMEs face a reduced or flat profit margin in 2016 compared to last year, while 66 per cent say that revenue is expected to decline or remain the same, according to the SME Survey Report 2016 by the Singapore Chinese Chamber of Commerce & Industry (SCCCI).
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
SMEs
Sun rising for Singapore businesses breaking into Japan market
One in three Singapore SMEs expect AI to replace or take over jobs: survey
Fintech KPay aims to triple Singapore merchant base, double local workforce
Singapore SMEs in contractionary mode for fifth straight quarter: OCBC
B2K’s second-generation leaders paw a new path in pet products
Finding a growth vector with digital solutions