SINGAPORE: The city-state’s business climate is showing signs of cautious optimism, according to the latestAfter nearly two years of declining sales, local companies reported a positive shift in their
outlook for the next six months, signalling a potential recovery.A net balance above zero indicates an expansionary outlook, reflecting a gradual improvement despite global uncertainties.
Survey consultant Chow Kit Boey noted that the net balance for domestic sales was lower than for international sales, suggesting that local demand remains subdued. Meanwhile, new orders and business saw a continued easing of contraction, improving by three percentage points to a -6% net balance in Q3, marking the fourth consecutive quarter of improvement.Despite the signs of recovery, economists warn that businesses may face mounting challenges ahead. Maybank economist Brian Lee noted that policy-induced cost increases, especially manpower, will likely continue to strain profitability.
Both the financial services and commerce sectors were highlighted as “star performers” in the survey, with companies in commerce reporting expansion in orders and new business.Indonesia, Singapore, and Malaysia topped the list of countries with the best business opportunities in the next 12 months, accounting for 55% of the responses.
However, uncertainty remains high, particularly with the potential impacts of U.S. President Donald Trump’s policies on regional trade.
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