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Business sentiment for transportation, financial and construction sectors 'most optimistic' for 1Q2023: SCCB

Felicia Tan
Felicia Tan • 2 min read
Business sentiment for transportation, financial and construction sectors 'most optimistic' for 1Q2023: SCCB
"Moving into 2023, we expect the growth prospects for certain sectors such as transportation and services to remain positive," says Audrey Chia, SCCB's CEO. Photo: Bloomberg
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The local business sentiment has moderated for the fourth straight quarter in the 1Q2023, with the business optimism index (BOI) falling to 4.73 percentage points.

The quarter’s BOI is down from the previous quarter’s 4.98 percentage points and down from the 5.91 percentage points in the 1Q2022, says the Singapore Commercial Credit Bureau (SCCB).

The SCCB is a subsidiary of the SGX-listed Credit Bureau Asia (CBA) Limited, a credit and risk information solutions provider in Southeast Asia.

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