Prospects are looking up for Singapore SMEs with stronger sales and profits expected in the first half of next year.
Payment problems leading to cash flow concerns SINGAPORE, 20 November 2017 – SMEs are adjusting their business models and improving their productivity by investing in technology and streamlining their processes, causing their concern about manpower…
More than half of Singapore’s fastest growing companies are less than 10 years’old
At a reading of 50.6, the Overall Index has remainedin positive territory despite a dip of 0.3 points from last quarter’s survey
SMEs holding onto cash to fund growth and inventory expansion.
While the improvement is modest, it is the second consecutive quarter in which SME optimism has improved across all six industry sectors.
The latest SBF-DP SME Index rose by 0.6 points or 1.2 per cent to 50.4, indicating SMEs are no longer pessimistic about their prospects.
The strong performance of Singapore’s finance companies in the 2017 Singapore 1000 (S1000) rankings confirms the nation’s position as the region’s premier financial centre.
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