Business sentiments of Singapore companies (Fourth Quarter of FY2022: January to March 2023) The Ministry of Trade and Industry (MTI) has maintained a range of 0.5 percent to 2.5 percent for Singapore’s growth forecast for 2023, as data showed that the economy grew slower than expected last year. However, while MTI kept to its earlier […]
Business sentiments of Singapore companies (Third Quarter of FY2022: October to December 2022) At the start of 2023, the Ministry of Trade and Industry (MTI) reported that Singapore’s economy in the fourth quarter of 2022 grew by 2.2 percent year-on-year (YoY), showing some moderation from the 4.2 percent growth in the previous quarter. Singapore’s economy […]
Perception of government support for businesses in Singapore Singapore is well known for its business-friendly environment for companies. Some factors contributing to this positive perception include the ease of starting a business, excellent infrastructure, a highly educated workforce, pro-enterprise laws and tax system, and good government support and policies for businesses. The World Bank has […]
Business sentiments of Singapore companies (Second Quarter of FY2022: July to September 2022) The Singapore economy is moving more cautiously towards post-pandemic recovery with a lower estimated economic forecast for the latter half of 2022. In August 2022, the Ministry of Trade and Industry (MTI) narrowed Singapore’s 2022 Gross Domestic Product (GDP) growth forecast to […]
Business sentiments of local companies on the Singapore economy and industries (First Quarter FY2022: April to June 2022) Even as the Singapore economy continues on the path to post-pandemic recovery, the Ministry of Trade and Industry (MTI) announced in May that the 2022 Gross Domestic Product (GDP) growth forecast for Singapore will be maintained at […]
Business Sentiments of Local Companies (FY21 Q4: Jan to Mar 2022) Singapore businesses remained optimistic about revenue and manpower outlook in the period of January to March 2022. The relatively positive outlook of Singapore’s economy might be attributable to the falling COVID-19 daily case numbers and a decline in the hospitalisations and ICU numbers, […]
Business Sentiments of Local Companies (FY21 Q3: Oct to Dec 2021) Almost a year after Singapore’s vaccination drive started on Dec 30, 2020, the nation saw considerable success in returning to normalcy in 2021. As of Dec 28, 2021, Singapore had one of the highest rates of fully vaccinated people in the world. Coupled […]
The future of work (September to October 2021) At the start of 2020, millions of working lives looked vastly different. With COVID-19 forcing companies to adopt new ways of working, we asked companies in Singapore what the future of work and workplaces will change. COVID-19 has brought significant changes to workplaces globally and the rapid […]
Business Sentiments of Local Companies (FY21 Q2: July – August 2021) AN INDSIGHTS RESEARCH REPORT SUMMARY When the Multi-Ministry Taskforce (MTF) announced Singapore’s return to Phase 2 (Heightened Alert) (P2HA) from 22 July to 18 August 2021, businesses were inevitably impacted. Even though the measures were meant to mitigate the risk of further […]
Understanding Singapore’s Wholesale Trade Industry in 2021 (June to July 2021) The wholesale trade industry is one of the pillars of Singapore’s economy, accounting for about 12% of Singapore’s Gross Domestic Product (GDP), and providing more than 350,000 jobs, which is about 9% of Singapore’s workforce. However, the impact of COVID-19 on the wholesale trade […]