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 […]
The State of Singapore’s ICT Offshoring in 2021 (June to July 2021) Offshoring has become one of the business strategies that Singapore’s Information and Communications Technology (ICT) companies have turned to, in a bid to resolve manpower issues, take advantage of lower overheads or increase their regional market presence. Many businesses all over the world […]
Singapore’s Phase 2 (Heightened Alert) Survey Findings (FY21 Q1: May 2021) On 14 May 2021, the Multi-Ministry Taskforce (MTF) announced Phase 2 (Heightened Alert) to minimize transmission of the COVID-19 virus as several clusters of COVID-19 infections had emerged, coupled with a pattern of local unlinked community cases. The measures took effect from May 16 […]
