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Singapore Firms Less Upbeat Amid Virus, Logistics Woes – ST

A net weighted balance of 8% of manufacturers expect better business conditions in the first six months of this year, the report said


Singapore
Singaporeans seem to have adapted to the 'coexistence' model, and its health system has not been heavily affected. Photo: Reuters.

 

Business optimism has receded among firms in the manufacturing and service sectors amid Covid-19 variants and supply chain pressures, the Straits Times reported.

A net weighted balance of 8% of manufacturers expect better business conditions in the first six months of this year, the report said, citing a survey by the Economic Development Board. This is a drop from the 16% in the earlier poll in October.

 

Read the full report: Straits Times.

 

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.